TORONTO, ONTARIO -- (Marketwire) -- 08/10/11 -- Sulliden Gold Corporation Ltd. ('Sulliden', or the 'Company') (TSX: SUE)(OTCQX: SDDDF)(BVLAC: SUE) is pleased to announce that its common shares are listed for trading on the Bolsa de Valores de Lima S.A. ('BVL'), the Lima stock exchange, beginning at the opening of trading today, August 10, 2011. Trading of Sulliden common shares on the BVL will be conducted under the symbol 'SUE'. Celfin Capital is acting as Sulliden's sponsoring broker and has been instrumental in obtaining the necessary approvals from the BVL and the Superintendencia del Mercado de Valores ('SMV').
As of May 30, 2011, the BVL has integrated with the Chile and Colombia stock exchanges to create the third largest stock exchange in Latin America after Mexico and Brazil with a combined capitalization of US$642 billion (source: Bloomberg L.P.). The Lima exchange website can be accessed at www.bvl.com.pe.
Peter Tagliamonte, President and CEO of Sulliden commented, 'We believe the listing of Sulliden common shares on the BVL will be a great opportunity for Peruvians and other foreign investors alike to own shares and participate in the development of the Shahuindo Project. We look forward to establishing a significant shareholder base in Latin America, specifically Peru, which would provide us with an important local partnership.'
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.
Qualified Person
Stephane Amireault, P.Eng., Vice-President of Exploration for Sulliden is the Qualified Person as defined by National Instrument 43-101 for the Shahuindo Project. Mr. Amireault has reviewed and approved the technical and scientific contents of this news release.
On behalf of Sulliden Gold Corporation Ltd.:
Peter Tagliamonte, P.Eng., 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 impact and the timing of the BVL listing, 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
Scott Moore
Vice President Corporate Development
+1 (416) 861-5903
Sulliden Gold Corporation
Caroline Arsenault
Investor Relations Manager
+1 (416) 861-5805
www.sulliden.com
