Western Sierra Resource Corporation Status Report and Acceptance of a $25 Million Non-Diluting Financing Commitment

STEAMBOAT SPRINGS, CO / ACCESSWIRE / May 18, 2022 / WESTERN SIERRA RESOURCE CORPORATION (OTC PINK:WSRC) announces, that consistent with its May 11, 2022, press release, WSRC's final review and acceptance of a $25 Million Funding Agreement was completed May 16, 2022; and subsequently executed by all Parties. This Funding Agreement with Beton Inc. represents $25 million in a combination of Debt and Equity Financing without dilution for the Company's shareholders.

$25 MILLION FINANCING COMMITMENT:

Beton Inc. is a non-public corporation functioning as the operational arm for a Private Foundation. The Foundation's stated mission is to preserve and improve farmland and water resources for rural communities, while at the same time generating economic benefit for the members of those communities. This resource stewardship mission includes implementation of regenerative agricultural practices to maintain and improve soil quality; utilize proven efficiencies to grow high-quality organic produce for local and regional consumption; and to otherwise employ methodologies and conservation technologies that reduce the carbon footprint associated with agriculture, construction, and energy production and storage. In WSRC's case, the use of its water assets for single-site irrigation of industrial hemp (as a renewable resource) from which to fabricate "green" building materials for construction of high-demand affordable housing, represents a vertically integrated project that aligns well with the Foundation's underlying philosophy for capital use.

According to Beton's President, Andrew Paul: "It is our pleasure to partner with WSRC in what we see as an opportunity to establish a "showcase" for environmental stewardship while adding homes, jobs, and other economic benefits for the Town of Hayden."

WSRC's President and CEO, Roger Johnson, adds: "Rural communities managing the post-pandemic migration of urban dwellers to rural America, means balancing desirable growth with preservation of a community's identity and resources. The Foundation's core mandates of conservation and preservation fit perfectly with WSRC's commitment to work with the Community and compliment the Town of Hayden's growth objectives. In addition, this non-dilutive funding makes it possible for the Company to proceed with its other projects which include environmentally conscious recovery of precious metals; helium production; and development of additional conservation technologies to generate significant revenue to the benefit of the Company's shareholders."