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TORONTO, ONTARIO--(Marketwire - Oct. 6, 2009) - Sulliden Exploration Inc. ("Sulliden") (TSX:SUE - News) is pleased to announce it will host a conference call to provide a general update on the Company's activities. The call will be held on Wednesday, October 7th at 10:00 am Eastern Standard Time.
President and CEO, Peter Tagliamonte will moderate the call and will be joined by the senior management team in providing an update on recent developments, which will be followed by a question and answer period. Participants are invited to call in via the toll free numbers provided below. For those unable to participate, an audio recording of the call will be available on the Company website.
Date: Wednesday, October 7th, 2009 Time: 10:00 a.m. E.T Local dial-in number: 416-695-7806 Toll free dial-in number: 888-789-9572 Participant code: 3035083
Sulliden is also pleased to announce that the 11,250,000 warrants issued under the recently closed financing have begun trading on the TSX under the ticker SUE.WT.
About Sulliden
Sulliden is a Canadian-based gold exploration and development company focused on its wholly-owned Shahuindo Gold Project located in northern Peru. World-class gold mines in the region include 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.
In March 2009, the five-year legal dispute that disrupted the Shahuindo Gold Project was resolved. With the current resolution, Sulliden now holds 100 percent registered and undisputed ownership of the Shahuindo property and has secured exploration options on sixteen adjoining mining concessions.
A Preliminary Economic Assessment for the Shahuindo Gold Project, conducted by AMEC, is scheduled for completion in November 2009 and the Company continues strategic site exploration in and around the area with the objective to further define, expand and delineate the ore body. Sulliden is led by a strong management team with the proven ability to develop, finance and operate mining projects and is uniquely positioned to generate superior value for its shareholders.
On behalf of Sulliden Exploration Inc.,
Peter Tagliamonte, President and CEO
Stan Bharti, Chairman
Cautionary Note Regarding Forward-Looking Information:
Statements in this release that are not historical facts are "forward-looking information" within the meaning of applicable securities law. Forward-looking information typically contain words such as "anticipate", "plan", "expect", "potential", or similar words suggesting future outcomes and include, without limitation, statements regarding the listing and performance of the warrants and the impact on the Company's performance, the impact of management and board appointments; future performance of management and the board; the Company's operational plans; corporate strategy; and the availability of acquisition opportunities. There can be no assurance that such information will prove to be accurate; actual results and future events could differ materially from such information. Factors that could cause actual results to differ materially include, among others, commodity prices, third party risks, acquisition risks, risks inherent in the mining industry, licensing risks, financing risks, regulatory risks and environmental concerns. Investors are cautioned not to place undue reliance on forward-looking information.
Scott Moore
Sulliden Exploration Inc.
(416) 861-5903
smoore@sulliden.com
www.sulliden.com
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