Sierra Metals announces update on litigation with Polo y Ron Minerals

Sierra Metals announces update on litigation with Polo y Ron Minerals 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, 
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TSX Venture Exchange - SMT
Lima Stock Exchange - SMT 
No.03 - 2013 
TORONTO, Jan. 25, 2013 /CNW/ - Sierra Metals Inc. (TSXV: SMT) ("Sierra Metals" 
or the "Company") reports that the State Court of Chihuahua, Mexico (the 
"State Court") has overturned a previously announced resolution of the 8(th) 
Civil Court of the Judicial District of Morelos in Chihuahua (the "8(th) Civil 
Court"), which absolved the Company from the claims brought against it by Polo 
y Ron Minerals, S.A. de C.V. ("P&R"). The State Court has ordered the 
Company to: (i) transfer 17 mining concessions relating to its Bolivar project 
to P&R; and (ii) pay USD$422,674 to P&R. 
On October 26, 2009, P&R sued the Company and one of its subsidiaries, Dia 
Bras Mexicana, S. A. de C. V. ("DBM"), claiming damages for the cancelation of 
an option agreement (the "Option Agreement") regarding the San Jose properties 
in Chihuahua, Mexico (the "San Jose Properties"). The Company believes that it 
has complied with all of its obligations pertaining to the Option Agreement. 
On October 28, 2011, the 8(th) Civil Court issued a resolution absolving the 
Company from the claims brought against it by P&R on the basis that P&R did 
not provide evidence to support any of its claims. P&R appealed this 
resolution to the State Court. The Company plans to mount a vigorous appeal 
of this ruling of the State Court. 
The San Jose Properties are not located in any areas where DBM currently 
operates, nor are such properties included in any resource estimates of the 
Company. 
About Sierra Metals 
Sierra Metals is a Canadian mining company focused on precious and base metals 
from its Yauricocha mine in Peru and its Bolivar mine in Mexico. The Company 
is also advancing its Cusi silver project in Mexico from advanced development 
into commercial production. 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. Projects in Mexico include 
Bacerac (silver) in the state of Sonora, La Verde (gold) at the Batopilas 
Property in the state of Chihuahua, and Las Coloradas (silver) at the Melchor 
Ocampo Property in the state of Zacatecas. 
The Company's shares trade on the Bolsa de Valores de Lima and TSXV under the 
symbol "SMT". 
This press release does not constitute an offer to sell or solicitation of an 
offer to buy the securities in the United States or any other jurisdiction. 
The Common Shares will not be and have not been registered under the United 
States Securities Act of 1933, as amended, and may not be offered or sold in 
the United States absent registration or an applicable exemption from the 
registration requirements. 
Neither the TSXV nor its Regulation Services Provider (as that term is defined 
in policies of the TSXV) accepts responsibility for the adequacy or accuracy 
of this release. 
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. 
on Sierra Metals, please visitwww.sierrametals.com or contact: 
Daniel Tellechea President & CEO Sierra Metals Inc. 1 (866) 493‐9646 
Matt Morrish Director, Investor Relations Sierra Metals Inc. 1 (866) 493‐9646 
SOURCE: Sierra Metals Inc. 
To view this news release in HTML formatting, please use the following URL: 
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CO: Sierra Metals Inc.
ST: Ontario
NI: MNG PCS  
-0- Jan/25/2013 22:38 GMT