Mr. Scott Moore reports

SULLIDEN MINING CAPITAL ANNOUNCES SUMMER EXPLORATION PLAN FOR EAST SULLIVAN

Sulliden Mining Capital Inc. intends to continue exploration at its East Sullivan copper-gold project. The property is in the Abitibi greenstone belt in Quebec, host to multiple world-class base metal and gold deposits.

The property is located in proximity (less than one kilometre) and on strike with the Triangle deposit, the underground mine operated by Eldorado Gold on its Lamaque property. The Lamaque property hosts 7.1 million tonnes of 7.9 grams per tonne at a cut-off grade of 4.7 g/t Au. The contained metal for the measured and indicated resources is 1.8 million ounces of gold (1).

Sulliden's concession covers 334 hectares that encompass the former East Sullivan copper-zinc-gold-silver mine fewer than 10 kilometres from the town of Val d'Or.

Limited follow-up drilling has confirmed the strike potential on both extremities of the former mine with a gold-only zone found 500 metres east of the easternmost stopes of the former mine.

History

The former East Sullivan mine operated from 1949 to 1966, and produced copper, zinc, gold and silver from multiple lenses.

The former mine production is pegged at 15.0 million tonnes of 1.1 per cent copper, 0.8 per cent zinc, 0.3 gram per tonne gold and 9.7 g/t silver.

(1) Mineral resources as of September, 2022.

About Sulliden Mining Capital Inc.

Sulliden is a mining company focused on acquiring and advancing brownfield, development-stage and early-production-stage mining projects in Quebec and Australia.