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To: Jim Bishop who wrote (106386)	6/7/2002 12:42:32 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

SGIG ouch Sierra Gigante Resources, Inc. announces a 1 for 5 reverse stock split VANCOUVER, Jun 7, 2002 /PRNewswire-FirstCall via COMTEX/ -- Sierra Gigante Resources, Inc. (OTC Bulletin Board: SGIG) has undertaken a 1 for 5 reverse stock split. On June 6, 2002, Sierra Gigante's majority shareholders and board of directors approved a reverse stock split in the amount of one share of common stock for each 5 shares of common stock owned by a shareholder with an additional share issued to a holder of a fractional share being rounded to the nearest whole share. The reverse stock split has a record date of, or will take effect on, June 17, 2002. Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of Sierra Gigante Resources, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, changes in technology, and competition. For Additional Information Contact: Sierra Gigante Resources, Inc. 1000-355 Burrard Street Vancouver, British Columbia, Canada V6C 2G8 Tel: (604) 608-6169 SOURCE Sierra Gigante Resources, Inc. CONTACT: Sierra Gigante Resources, Inc., 1000-355 Burrard Street, Vancouver, British Columbia, Canada, V6C 2G8, Tel: 604-608-61 9 (SGIG) prnewswire.com Copyright (C) 2002 PR Newswire. All rights reserved. -0- KEYWORD: British Columbia INDUSTRY KEYWORD: MNG OTC * end of story *