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Sulliden Strengthens Board of Directors With Addition of the Hon. Pierre Pettigrew

11.10.2011  |  Marketwire

TORONTO, ONTARIO -- (Marketwire) -- 10/11/11 -- Sulliden Gold Corporation Ltd. ('Sulliden', or the 'Company') (TSX: SUE)(OTCQX: SDDDF)(BVLAC: SUE) is pleased to announce that it has strengthened its Board of Directors with the appointment of the Hon. Pierre Pettigrew, p.c., formerly, Canada's Foreign Affairs Minister and veteran business consultant of international relations.


The Honourable Pierre Pettigrew has had a distinguished career in both public and private sectors. From January 1996 to February 2006, he served as a member of the Government of Canada where he led a number of senior government departments in successive federal Canadian governments. Among other positions, he has served Canada as the Minister of Foreign Affairs, Minister for International Trade and the Minister for International Cooperation. Hon. Pettigrew now works with Deloitte & Touche, LLP in the role of Executive Advisor, International. Prior to entering national politics, Mr. Pettigrew was the Vice President of Samson Belair Deloitte & Touche International in Montreal, where he acted as an international business consultant.


Peter Tagliamonte, President and CEO, commented 'We welcome the Hon. Pierre Pettigrew to the Board. His tremendous wealth of experience in international relations will greatly benefit the Company as we move forward with the development of the Shahuindo Project and we look forward to his contributions.'


About Sulliden


Sulliden is a Canadian-based precious metals company focused on the exploration and development of the Shahuindo Gold and Silver Project, located in a prolific gold producing district in northern Peru. This project neighbours world class mines, including Barrick Gold's Lagunas Norte Mine 30 kilometres to the south and the Yanacocha Mine operated by Newmont Mining Company 80 kilometres to the north. A positive Preliminary Assessment for the Shahuindo Project was completed in February 2010 and a Feasibility Study is currently underway. On June 16, 2011, an updated mineral resource estimate more than doubled the Indicated gold ounces in the oxides and almost quadrupled the Inferred gold ounces relative to the 2009 year-end estimate. While the Company progresses towards its goal of becoming a gold producer, a significant focus is also being placed on exploration drilling. The current mineral deposit is open in all directions and at depth, and the Company has planned approximately 70,000 meters of drilling in 2011 to continue the mineral expansion on the property. Sulliden is led by a strong management team with the proven ability to develop, finance and operate mining projects and is poised to generate superior value for its shareholders.


Quality Control and Assurance


Stephane Amireault, P.Eng., Vice-President Exploration for Sulliden is the 'Qualified Person', as defined by National Instrument 43-101, who is responsible for the technical and scientific information in this news release. Mr. Amireault has read and approved the contents of this news release.


On behalf of Sulliden Gold Corporation Ltd.:


Peter Tagliamonte, President and CEO


Stan Bharti, Chairman


For further information on Sulliden please visit the company website at www.sulliden.com.


If you would like to be added to Sulliden's news distribution list, please send your email address to contact@sulliden.com.


Caution regarding forward-looking information:


This press release contains 'forward looking information' within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the drilling results, the size and quality of the company's mineral resources, progress in development of mineral properties, future capital and operating expenses, future metal prices, the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration programs and anticipated production schedule. Generally, forward looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Contacts:

Sulliden Gold Corporation Ltd.

Caroline Arsenault

Investor Relations Manager

(416) 861-5805


Sulliden Gold Corporation Ltd.

Scott Moore

Vice President Corporate Development

(416) 861-5903
www.sulliden.com



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