Mr. Peter Tagliamonte reports

SULLIDEN CLOSES $40 MILLION BOUGHT DEAL FINANCING

Sulliden Gold Corp. Ltd. has closed its previously announced public offering of 39.3 million common shares at a price of $1.02 per common share for gross proceeds to the company of $40,086,000.

The net proceeds of the offering will be used to help finance the development of the Shahuindo project and for general corporate purposes.

The common shares were sold pursuant to an underwriting agreement between the company and a syndicate of underwriters co-led by National Bank Financial Inc. and Scotia Capital Inc., and also including Raymond James Ltd., Cormark Securities Inc., GMP Securities LP, Desjardins Securities Inc., Haywood Securities Inc. and Macquarie Capital Markets Canada Ltd. Pursuant to the underwriting agreement, the underwriters have the option to purchase an additional 5,895,000 common shares from the company at the offering price for a period of 30 days from the closing of the offering.

We seek Safe Harbor.