Mr. Peter Tagliamonte of Sulliden Gold reports

SULLIDEN CLOSES STRATEGIC INVESTMENT WITH AGNICO-EAGLE MINES LIMITED

Sulliden Gold Corp. Ltd. has closed the $24-million private placement financing with Agnico-Eagle Mines Ltd. announced on April 9, 2013. As a result of the transaction, Agnico-Eagle owns 9.96 per cent of Sulliden's issued and outstanding shares on a non-diluted basis.

A total of 26,966,292 units were sold to Agnico-Eagle at a price of 89 cents per unit. Each unit comprises one common share and 0.7 of a common share purchase warrant. Each whole share purchase warrant entitles Agnico-Eagle to acquire one common share of the company at a price of $1.31 until April 12, 2015. In the event that all warrants are exercised, an additional $24.73-million will be raised.

Pursuant to the unit purchase agreement dated April 8, 2013, between the company and Agnico-Eagle, subject to certain conditions, Agnico-Eagle has the right for a period of two years to participate in equity offerings by the company in order to maintain its pro rata investment in the company.

All of the securities issued pursuant to this private placement, including the common shares issuable upon the exercise of the warrants, are subject to a mandatory four-month hold period from the date of closing.

We seek Safe Harbor.