Western Sierra Announces FINAL Contract for $1.5 Billion Federally Funded Project Through the Company's Wholly Owned Subsidiary

Oct 25, 2022

STEAMBOAT SPRINGS, CO / ACCESSWIRE / October 25, 2022 / WESTERN SIERRA RESOURCE CORPORATION (OTC:WSRC) announced 09.28.22 that a Binding Agreement, having a value of $1.976 Billion was executed between its wholly owned subsidiary, Mitigation Solutions, LLC (MSL) and the Santa Maria Valley Water Conservation District (SMVWCD) in Santa Barbara County, CA. A Final Contract was ratified by all Parties on October 19, 2022. Under this final Contract, MSL will mitigate damage and restore the Twitchell Dam and Reservoir to its original holding capacities at cost of from $1.5 Billion to $2 Billion. The Contract allows for adjustment in the scope and term of the project - over an anticipated completion schedule of 7 to 10 years. Gross revenue to the Company is estimated to average $200 million annually. Two additional projects are currently in queue.

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