Sierra Gigante Announces Plans for B2B Internet Auction Website for Industrial Equipment and Services.

Business/Technology Editors

VANCOUVER, BC--(BUSINESS WIRE)--Sept. 6, 2000

Unique Entry in Fast-Growing Multi-Billion Dollar Business-to-Business

Ecommerce Market

Sierra Gigante Resources (NQB:SGIG) has announced plans to create an online industrial auction website targeted at the currently untapped international market for industrial equipment and services. The website, www.B2Bauctionworld.net, will be operational later this year and will offer a 24-hour, country by country auction service, industrial mall and industrial ad services where any business or individual can list items for sale or auction. During its final stages of development, a demonstration site is available for review at www.B2Bauctionworld.net.

"The need for this innovative Ecommerce initiative became clear in our core business, which involves heavy industrial equipment and services," said Raymond Merry, President and CEO of Sierra Gigante. "B2Bauctionworld.net can provide an unprecedented international level of exposure to any business selling or searching for industrial items in each of the countries of the world where we operate. Our clients save time and money so that they can optimize existing resources and directly benefit their bottom line."

"With our Ecommerce approach to this sector of the industrial market, we will greatly simplify the process of locating exactly the right item at a reasonable price," Merry said, noting that such equipment typically costs a few thousand to hundreds of thousands of dollars and typically is needed on a very tight schedule. With the booming increase in B-to-B services and Ecommerce on the web, the new venture taps into a market estimated by The Boston Consulting Group at $5 trillion by 2003. Recent studies published in The Wall Street Journal and elsewhere have pointed to B-to-B Ecommerce as one of the few profitable areas of Internet Ecommerce.

The B2Bauctionworld.net website will be available in more than a dozen languages and a beta version of the website already has been translated into Spanish, Italian, German, French, and Portuguese. The North American operation will be coordinated from Vancouver, BC. Other international offices initially will be set up in Mexico, Germany, France, Spain, Italy, Greece, Turkey, Israel, Saudi Arabia, UAE, Yemen, Iran, Hungary, Switzerland, Egypt, South Africa, India, Pakistan, Thailand, Vietnam, Laos, Malaysia, Singapore, Indonesia, Philippines, Australia, Brazil, Argentina, Chile, Peru, Venezuela, Peoples' Republic of China, Taiwan, Korea and Japan.

The auction site will efficiently turn surplus equipment into cash through an easy-to-use, self-listing, real-time auction. It will help to improve the bottom lines of customers by listing their surplus equipment to qualified buyers. In turn, it will help buyers meet their equipment needs by linking them with sellers from around the world. Materials to be auctioned include construction equipment and supplies, production and manufacturing equipment, resources (e.g. wood, steel, coal etc.) and transportation equipment. Sierra Gigante will receive a commission for each transaction.

Additionally, Sierra Gigante will create a virtual "Industrial Mall" to supplement its auction site. B2Bauctionworld.net will enter into multi-year contracts with industrial customers to operate web pages using shopping cart models that will enable customers to easily purchase their goods and services. The web pages will be built at no initial cost to clients, and will be grouped into various mall categories. Categories will include industrial equipment and machinery, transportation equipment, resources, electrical equipment and more than 40 industrial services. Sierra Gigante will receive a commission on items sold during the contract period.

Sierra Gigante also will offer Industrial Advertisements organized in a fashion similar to yellow pages in a phone book, with detailed descriptions of industrial services. Buyers will enter their needs, sellers will request contact information on buyers in which they are interested, and Sierra Gigante will collect a fee for each contact name.

About Sierra Gigante Resources

Sierra Gigante Resources (www.sierragigante.com) is a US company incorporated in 1998. With its industrial experience and the hiring of new executives who are leading authorities in Ecommerce, the company has created a unique international online auction site (www.B2Bauctionworld.net) for industrial services and equipment. Sierra Gigante, which trades on the NQB "pink sheets" as SGIG, has 11.7 million shares issued, of which 2.3 million are free trading. Sierra Gigante has a seasoned management team with solid industry start-up and operations experience. The team includes former executives from both private industry and government, as well as professors from business faculties at major universities in Canada.

Contact: Raymond Merry, President and Chief Executive Officer; Sierra Gigante Resources; Inc.; 355 Burrard Street, Suite 1000; Vancouver, BC, V6C 2G8. Toll Free: 1-888-310-2888; [phone]; [phone]. Neither US nor Canadian Exchanges have reviewed this release. This press release may contain forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which may cause actual results to differ from those described.