Next Steps?

Alpayana has requisitioned a meeting of Sierra shareholders for the purpose of:

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• to approve a second step business combination transaction pursuant to which Alpayana will complete the privatization of Sierra and acquire all of the issued and outstanding common shares of Sierra.

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• to remove the six incumbent directors of Sierra, being Miguel Aramburu, Ernesto Balarezo, Wendy Kaufman, Roberto Maldonado, Robert Neal and Beatriz Orrantia, as well as any directors who may be appointed to the Board of Directors of Sierra prior to the Meeting;

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• to set the size of the Board at three directors; and

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• to elect three new directors to the Board, being Fernando Arrieta (CEO, Alpayana), José Cúneo (Partner, Payet, Rey, Cauvi, Pe آrez Abogados) and Dustin Perry (CEO, President and Director, Kingfisher Metals Corp.).

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Following the completion of such subsequent acquisition transaction, Alpayana Canada intends to cause Sierra to apply to the Toronto Stock Exchange (the “TSX”) to delist the Sierra Shares from the TSX and, if permitted by applicable law, cause Sierra to cease to be a reporting issuer (or equivalent) under applicable Canadian securities laws.

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In accordance with Peruvian securities laws, Alpayana will also launch a local public tender for the number of issued and outstanding shares of Sociedad Minera Corona S.A. that are required to be acquired under Peruvian securities laws, at the price to be established in accordance with such regulations.