August 27, 2009 10:45 ET

Sulliden Announces New Additions to the Management Team

TORONTO, ONTARIO--(Marketwire - Aug. 27, 2009) - Sulliden Exploration Inc. ("Sulliden" or the "Company") (TSX:SUE) is pleased to announce the appointment of Deborah Battiston as Chief Financial Officer effective September 1st, 2009 and the appointment of Gaston Araya as General Manager for the Shahuindo Gold Project effective September 24, 2009.

Ms. Battiston has over 20 years of accounting and financial management experience including a strong background with international mining companies. Ms. Battiston is a Certified General Accountant with a B.A. in Economics from the University of Guelph.

Mr. Araya holds a Mining Engineer degree and has 40 years of experience in the mining industry with extensive operational and development experience in Central and South America. Most recently Mr. Araya was the Executive Vice-President of Operations for Petaquilla Minerals, responsible for the development of their open-pit gold mine in Panama, and the Vice-President of Latin American Operations and General Manager for the Mantaro Peru Phosphate Project in Peru.

Peter Tagliamonte, President and CEO, commented "We are very pleased to welcome Ms. Battiston and Mr. Araya to the Sulliden team. Both Deborah and Gaston will bring a high level of professional skills and experience to Sulliden as we move the Shahuindo Gold Project forward."

Shahuindo Gold Project Activity Update

An exploration program is currently underway at the Shahuindo Gold Project including trenching, diamond drilling and reverse circulation drilling being conducted in the Gap Zone. The Gap Zone is located on trend between the San Jose Zone and the East Zone and has not been explored in detail (See figure 1). Please refer to the July 8th news release for more information regarding this exploration program. Initial results of this campaign are expected during the second week of September. The Preliminary Economic Assessment for the Shahuindo Gold Project being completed by AMEC is anticipated to be complete by the end of September.

To view Figure 1 Shahuindo Gold Project exploration target area, please visit the following link -


Stephane Amireault, P.Eng., Vice President, Exploration for Sulliden Exploration Inc., is the Qualified Person responsible for the management of the exploration program and disclosure of the drill results as defined by National Instrument 43-101. Mr. Amireault has read and approved this news release.

About Sulliden

Sulliden is a Canadian based mining company focused on the development and exploration of the Shahuindo Gold Project located in northern Peru, one of the world's most prolific gold and silver producing districts. World-class gold mines in the region include Barrick Gold's Lagunas Norte Mine, 30 km to the south, (1.2 million ounces of gold produced in 2008), and the Yanacocha Mine operated by Newmont Mining Company, 70 km to the north (1.8 million ounces of gold produced in 2008).

The Shahuindo Gold Project has a NI 43-101 compliant Mineral Resource Estimation completed by Met-Chem Canada Inc. in 2005 that estimates 38 million tonnes grading 0.95 grams per tonne of gold and 23 grams per tonne of silver of indicated resource (1.2 million ounces gold and 28 million ounce silver) and 17.2 million tonnes grading 0.62 grams per tonne of gold and 12.83 grams per tonne silver in the inferred category (342,000 ounces gold and 7.1 million ounces silver) (See Sulliden Press Release of April 29, 2005 for details regarding the resource estimate)

In March 2009, the five-year legal dispute that disrupted the Shahuindo Gold Project was resolved. With the current resolution, Sulliden now holds 100 percent registered and undisputed ownership of the Shahuindo property and has secured exploration options on sixteen adjoining mining concessions.

In April 2009, the Board of Directors appointed a new Management team with the focus and ability to develop, finance and operate mining projects. With a strong strategic plan to advance the development of its Shahuindo Gold Project and potential for mineral resource expansion, Sulliden is positioned to generate superior value for its shareholders.

The Mineral Resource Estimation was completed by Met-Chem Canada Inc. in 2005 and is filed on

To view Figure 2 Shahuindo Gold Project location map, please visit the following link -

On behalf of Sulliden Exploration Inc.,

Peter Tagliamonte Stan Bharti
President and CEO Chairman

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 size and quality of the company's mineral resources, progress in development of mineral properties, future capital and operating expenses, capital and mine production costs, future metal prices and treatment and refining charges, the financial results of the company the future financial or operating performance of the Company, the prospective mineralization of the properties and planned exploration programs. 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; acquisition risks; other risks of the mining industry; and those risks described by the Company in its annual information form available under to profile on SEDAR at 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.

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