Sulliden Gold Corporation Ltd. Granted Concession-Wide Exploration Permit

TORONTO, ONTARIO -- (Marketwire - July 15, 2010) - Sulliden Gold Corporation Ltd. (“Sulliden“, the “Company“) (TSX: SUE) (OTCQX: SDDDF) (PINK SHEETS: SDDDF) is pleased to announce that the Peruvian Ministry of Energy and Mines has granted a Category 2 drilling permit for the Shahuindo property in Peru. Peter Tagliamonte, President and CEO of Sulliden commented, “We are very pleased to resume drilling activities at Shahuindo. This permit will allow for concession-wide exploration and will be the largest and most extensive drilling campaign ever undertaken on the Shahuindo property. Our focus will be to expand the current mineral resource, and also explore new major targets defined on the property. We believe the size and scope of this exploration program will allow us to demonstrate the full potential magnitude of this mineral system.“

The first phase of exploration will begin immediately, with over 30,000 meters of drilling planned for completion by the end of 2010. The Company's prime focus will be on specific new target areas aimed at expanding mineral zones and increasing the identified mineral widths of the current deposit. In addition, infill and metallurgical drilling, as well as drilling new exploration targets on parallel zones to the North and South of the Main Mineralized Corridor will be conducted. The Company also intends to explore sulphide mineralization at depth, which underlies the existing oxide mineral resource of the Shahuindo deposit.


ABOUT SULLIDEN

Sulliden is a Canadian-based mining company focused on the exploration and development of its wholly owned Shahuindo Gold Project, located in Peru. This area is one of the world's most prolific gold producing districts and is home to world-class gold mines including Barrick Gold's Lagunas Norte Mine, 30 km to the south, and the Yanacocha Mine operated by Newmont Mining Company, 80 km to the north; both million-ounce per year producing mines. A positive Preliminary Economic Assessment for the Shahuindo Gold Project was completed in December 2009 and a Feasibility Study is currently underway. While the Company progresses towards its goal of reaching production by mid 2012, a significant focus is being placed on exploration drilling to expand the mineral resource, which remains open in all directions and at depth. Sulliden is led by a strong management team with the proven ability to develop, finance, operate and explore mining projects and is positioned to generate superior value for its shareholders.


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.

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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 effect of the appointment on the future financial or operating performance of the Company, 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., the issue of permits, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, planned exploration programs, anticipated production schedule and terms and the availability and likelihood of future acquisitions. 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; and other risks of the mining industry. 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.




For more information, please contact

Sulliden Gold Corporation Ltd.
Scott Moore, Vice President Corporate Development
(416) 861-5903
or
Sulliden Gold Corporation Ltd.
Caroline Arsenault, Investor Relations Manager
(416) 861-5805
www.sulliden.com