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Sulliden Exploration Inc. is pleased to report assay results from the recently completed exploration campaign on its Shahuindo Gold Project. This was the first significant exploration program on the Shahuindo Gold Project deposit since 2004 and was initiated following the successful resolution of all ownership litigation of the Shahuindo property earlier this year.

This exploration campaign consisted of 26 drilled holes totalling 4,100 meters, as well as 500 meters of trenching. Significant new intersections include the following:

- Hole RSH09-09 returning 1.40 g/t gold over 55.5m

- Hole RSH09-11 returning 1.20 g/t gold over 36.0m

- Hole RSH09-13 returning 0.59 g/t gold over 51.0m, then 1.03 g/t gold over 49.5m

- Hole RSH09-16 returning 0.91 g/t gold over 60.0m

- Hole SH09-101 returning 1.48 g/t gold over 31.1m, then 0.62 g/t gold over 29.5m

- Hole SH09-104 returning 0.44 g/t gold over 25.0m, then 1.68 g/t gold over 105.0m

The National Instrument 43-101 (”NI 43-101″) resource model prepared by Metchem Canada in 2005 used an economic cut off of 0.3 g/t gold. The Preliminary Economic Assessment currently being prepared by AMEC establishes a preliminary economic cut-off grade of 0.22 g/t gold.

“We are very pleased with the results of the exploration campaign which focused primarily on the gaps in the central part of the Shahuindo gold deposit” commented Stephane Amireault, Vice President Exploration, “The mineralized intersections demonstrate continuity between the mineralized zones and indicate the potential to continue to expand and grow the current mineral resource with additional drilling.”

Sulliden has initiated the second phase of exploration at the Shahuindo Gold Project. Approximately 16,000 meters of additional drilling, and surface exploration, are planned over the next 12 months. An Induced Polarization (IP) geophysical survey has been initiated and a Mobile Metal Ion (MMI) geochemical survey will also be carried out.

DRILL EXPLORATION RESULTS

The exploration campaign targeted areas between the East, Moyan Alto and San Jose Zones. The primary target area, identified as the “Gap Zone”, is located on trend between the San Jose Zone and the East Zone and has not been explored in detail due to the presence of boulder fields and other transported overburden making soil sampling and exploration difficult. The surface extension of the Gap Zone and other surrounding area is found on Figure 1. Sections 350E and 400E are located at the beginning of the Gap Zone and have good drilling density. In each section the new drill hole data and subsequent re-interpretation have more than doubled the mineralized surface on section, both inside and outside of the preliminary pit outline. The overall current width of the deposit in these two sections is around 300 meters. Sections 500E, 600E 700E are much less drilled, however new drill data has increased the overall mineralization width in each section. Interpreted sections 350E and 700E are included in this press release to illustrate this.

completed this report at : Sulliden Exploration Gold Mine Exploration

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