Sierra Metals announces results of Annual and Special Meeting

VANCOUVER, June 17, 2014 /CNW/ - Sierra Metals Inc. (TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") is pleased announce the results of its Annual and Special Meeting of shareholders held on June 12, 2014 in Lima, Peru. All of the resolutions tabled at the meeting were approved by shareholders, including the appointment of PricewaterhouseCoopers as the Company's auditors for the year and the election of J. Alberto Arias, Douglas F. Cater, Steven G. Dean, Igor Gonzales, Guillermo Kaelin, Philip Renaud and Daniel Tellechea as directors.

In addition, the following resolutions were approved at the meeting: (1) the adoption of new general by-laws for the Company; (2) the amendment to the Company's articles to allow shareholder meetings to be held in Canada, the United States of America or any city, municipality or other country in which the Company is doing business; (3) the approval of certain amendments to the Company's restricted share unit plan; and (4) the adoption and implementation of an amended and restated stock option plan.

About Sierra Metals

Sierra Metals Inc. is a Canadian mining company focused on precious and base metals from its Yauricocha Mine in Peru, its Bolivar Mine and Cusi Mine in Mexico. In addition, Sierra Metals is exploring several precious and base metal targets in Peru and Mexico. Projects in Peru include Adrico (gold), Victoria (copper-silver) and Ipillo (polymetallic) at the Yauricocha Property in the province of Yauyos and the San Miguelito gold properties in Northern Peru. Projects in Mexico include Bacerac (silver) in the state of Sonora and La Verde (gold) at the Batopilas Property in the state of Chihuahua.

The Company's shares trade on the Bolsa de Valores de Lima and the Toronto Stock Exchange under the symbol "SMT".

Forward-Looking Statements

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "forward-looking statements", which involve various known and unknown risk and uncertainties and other factors, including market conditions that may affect the Company's ability to execute its current business plan.  Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.

SOURCE Sierra Metals Inc.