UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

GENERAL FORM FOR REGISTRATION OF SECURITIES

Under Section 12(b) or (g) of the Securities Exchange Act of 1934

Sierra Resource Group, Inc.

(Exact Name of Small Business Issuer in its Charter)

Date of earliest event reported:

~~December 9~~January 10, ~~2012~~2013

Nevada

000-25301

88-0413922

(State of Incorporation)

(Commission File

Number)

(IRS Employer ID No.)

9550 S. Eastern Avenue, Suite 253, Las Vegas, Nevada 89123

(Address of principal executive offices; zip code)

Registrant’s telephone number, including area code: (702) 462-7285

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~SECTION~~Section 1 5 – ~~CORPORATE~~Registrant’s ~~GOVERNANCE~~Business ~~AND~~and ~~MANAGEMENT~~Operations

~~ITEM~~Item 51.0201. ~~DEPARTURE~~Entry OFinto ~~DIRECTORS~~a ORMaterial ~~CERTAIN~~Definitive ~~OFFICERS;~~Agreement ~~ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.~~

On ~~December~~February 1216, 2012, ~~the Board of Directors of~~ Sierra Resource Group Inc. (the “weCompany”) issued to Grand View Ventures, LLC (“usGrand View”) a promissory note in the principal amount of $190,000 or(the “~~our~~February ~~Company~~Note”) bywith ~~unanimous~~a ~~written~~maturity ~~consent~~date ~~appointed~~of ~~Barton~~February 15, R2013 and executed a security agreement securing the Company’s obligation under the February Note. ~~Budman~~On asMay 3, ~~Secretary~~2012, ofthe Company ~~replacing~~issued ~~prior~~to ~~Secretary~~Grand View a promissory note in the principal amount of $133,000 ~~Timothy~~(the ~~Benjamin.~~“May ~~Timothy~~Note”) ~~Benjamin~~with ~~remains~~a ~~Chairman~~maturity date of November 1, 2012 and amended the ~~Board~~Security Agreement to additionally secure the Company’s obligation under the May Note. Both events were disclosed in the Company’s Quarterly Report for the period ending March 31, 2012, filed on May 21, 2012, and as subsequently amended.

~~SECTION~~Effective January 10, 72012 –the ~~REGULATION~~Company FDhas entered into a Forbearance Agreement with Grand View (the “Agreement”). In consideration for entering into the Agreement, the Company has agreed that it shall perform (or agree to the terms of) the following material requirements: (a) the May Note shall bear an 18% interest rate from November 1, 2012 forward, (b) a deed of trust on the Company’s 80% interest in the Chloride Copper Mine shall be filed to secure the February and May Notes , (c) the exercise price associated with Warrants issued in connection with the February and May Notes shall be reset, and (d) the Company shall issue additional warrants to purchase 6,750,000 shares of the Common Stock with an exercise price of $0.008 provided that the Company may repurchase a certain percentage of such warrants at a purchase price of $0.001 per share if the February and May Notes are paid prior to July 15, 2013. In consideration for entering into the agreement, Grand View has agreed to the following material terms:;(i) Grand View waives any defaults and breaches of the Company or all dates prior to the date of the Forbearance Agreement, (ii) both the February and May Notes are amended to extend the maturity date of each to July 15, 2013, and (iii) revisions to the February and May Securities Purchase Agreements and February Warrant modify the calculation of anti-dilution shares.

~~ITEM~~The 7foregoing is a summary description of certain of the terms of the above-referenced Agreement.01 ~~REGULATION~~It FDdoes ~~DISCLOSURE~~not purport to be a complete description of the parties’ rights and obligations under the Agreement or the transactions contemplated by the Agreement. This description is qualified in its entirety by the terms of the Agreement, filed as Exhibit 10.1 to this Report.

~~On December~~Section 9, ~~2012,~~– ~~Sierra~~Financial ~~Resource~~Statements ~~Group, Inc. (the “Company”) placed information on its website (www.sierragroupinc.com) relating to the processing of its application to re-open the Chloride Copper Mine~~ and ~~plan~~Exhibits to start operations there. We placed this information under “Latest News” on our website (accessible at www.sierragroupinc.com/category/company-news), at the request of the Bureau of Land Management (“BLM”) Kingman Field Office. The information included:

~~• On June 6, 2012, a Community Scoping Meeting was Held at Chloride Town Hall, where residents of Chloride plus special invitees attended, including the head of BLM’s Kingman Field Office~~Item 9.01 ~~The~~Financial ~~meeting~~Statements ~~provided an opportunity to ask questions about the proposed project. The Company’s CEO J. Rod Martin spoke,~~ and ~~Paul~~Exhibits ~~C. Rizzo Associates, Inc., the Company’s permitting experts, gave a presentation on the project plan.~~

• On August 5, 2012, the Company engaged as a Senior Level Consultant Mr. Joseph Sawyer P.E., a Nevada registered professional mining engineer and former mining engineer for SGV Resources.


Exhibit No.		Description

10.1		Forbearance Agreement

• On September 28, 2012, CDM Smith formally submitted to the Arizona Department of Environmental Quality our revised and modified Aquifer Protection Permit; agency comments were received by November 16, 2012.

• On November 19th and 20th, 2012, Paul C. Rizzo Associates Inc. met with the BLM Kingman Field Office to define the permitting schedule and review agency comments to the Company’s Mining Plan of Operation (“MPO”).

• On December 1, 2012, the Company submitted its revised MPO to BLM.

• On December 8, 2012, the Company submitted another revision to the MPO to BLM.

The information in this Current Report on Form 8-K is furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information in this Report that is required to be disclosed solely by Regulation FD. We do not have, and expressly disclaim, any obligation to release publicly any updates or any changes in our expectations or any change in events, conditions, or circumstances on which any forward-looking statement, with respect to or contained in the information referred to above, is based.

Cautionary Note Regarding Forward-Looking Statements

The information referred to above, including among other things the Company’s MPO, may contain forward-looking statements. Forward-looking statements are based on current expectations and plans that involve significant risks and uncertainties. Forward-looking statements may include, among other things, statements concerning the timing of various regulatory and other actions, plans for our operations, and projected budgets. Actual events and results may differ materially from the forward-looking statements, which are not guarantees of future performance and are subject to a number of uncertainties and other factors, many of which are outside of our control. Accordingly, there can be no assurance that such events will occur or results will be realized. For a list of the factors that could cause actual results to differ materially from those anticipated by these forward-looking statements, see “Item 1A—Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011, and the Company’s Quarterly Reports on Form 10-Q for the fiscal quarter ended March 31, 2012, June 30, 2012, and September 30, 2012, and as subsequently amended. The Company assumes no obligation to update any forward-looking statement or with respect to any of the information described in this Report.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SIERRA RESOURCE GROUP, INC.

Date: December 13, 2012

/s/ Rod Martin

Date: January 16, 2013

/S/ J. ROD MARTIN

J. Rod Martin

Chief Executive Officer

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