September 17, 2009 (FinancialWire) — Sierra Gold Corp. (OTC: SGCP) has reached an agreement with the landowners in its area of agricultural interests to utilize up to 70% of its agricultural holdings for Carbon Credit development programs. A number of world organizations have established these programs to enable companies to accumulate carbon credits that can be exchanged for money.

Carbon Credits are allotted to companies that support the environment in such ways as committing designated forest land to non-logging operations, re-foresting previously logged or mined lands, and growing alternative bio-fuel crops. The funds received from the Carbon Credit programs will be utilized by the company to fund further development of its mining and agricultural operations in Sierra Leone.

Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and prospecting. The region has been one of the fastest gold producing areas worldwide. Sierra Leone’s neighbours, Ghana and Mali, are the second and third largest gold producers in all of Africa.

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