The K2 Principal Fund L.P. acquires Class B Voting Shares of Sierra Vista Energy Ltd.



    TORONTO, Feb. 29 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that
it has acquired an additional 37,000 Class B Voting Shares (the "Class B
Shares") of Sierra Vista Energy Ltd. ("Sierra Vista"). As a result of the
acquisition of such shares, K2 owns 197,000 Class B Shares, representing
approximately 16.84% of the issued and outstanding Class B Shares of Sierra
Vista.
    The Class B Shares were purchased by K2 on the TSX Venture Exchange.
K2 acquired the securities for investment purposes only and may, depending on
market and other conditions, increase or decrease its beneficial ownership,
control or direction over, or exercise its current rights to acquire, Class B
Shares or other securities of Sierra Vista through market transactions,
private agreements or otherwise.





For further information:

For further information: Dan Gosselin, The K2 Principal Fund L.P., (416)
365-2155


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