Mr. Stan Bharti reports

SULLIDEN MINING CAPITAL INC. ANNOUNCES PRIVATE PLACEMENT

Sulliden Mining Capital Inc. has arranged a non-brokered private placement financing of up to 22,222,222 units of the company at a price of 13.5 cents per unit for gross proceeds to the company of up to $3-million. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of 25 cents for a period of five years following the closing date of the offering.

All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day. The completion of the offering is subject to a number of conditions, including shareholder approval and all approvals from the Toronto Stock Exchange. The company intends to use the net proceeds of the offering for the advancement of its East Sullivan mining project and for general working capital purposes. The offering is expected to close on or about Nov. 26, 2021.

Finders' fees may be paid to eligible finders, in accordance with the policies of the TSX, consisting of a cash commission equal to up to 7 per cent of the gross proceeds raised under the offering and finders' warrants in an amount equal to up to 7 per cent of the number of units sold pursuant to the offering. Each finder's warrant will entitle the holder thereof to purchase one common share of Sulliden at a price of 25 cents per share for a period of 24 months following the closing date of the offering.

About Sulliden Mining Capital Inc.

Sulliden Mining Capital is a mining company focused on acquiring and advancing brownfield, development-stage and early-production-stage mining projects in the Americas.

We seek Safe Harbor.