SHAHUINDO

Sulliden Exploration reported 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 intersected 1.40 g/t gold over 55.5m, Hole RSH09-11 found 1.20 g/t gold over 36.0m, Hole SH09-101 with 1.48 g/t gold over 31.1m and in Hole SH09-104 returning 0.44 g/t gold over 25.0m including 1.68 g/t gold over 105.0m.

Sulliden announced initial results of the exploration campaign currently ongoing on its Shahuindo Gold Project in northern Peru. The drill campaign, totaling 4127 meters, is complete and results are available for 1,301 meters of reverse circulation drilling. A 500 meter surface trenching program was also completed. Assays from the first six reverse circulation holes have all returned mineralization with significant intersections in Hole RSH09-01 intersected 0.69 g/t Au over 79.5m, Hole RSH09-03 found 0.68 g/t Au over 58.5m and 0.60 g/t Au over 115m, Hole RSH09-04 with 0.72 g/t Au over 63m and Hole RSH09-05 intersected 0.88 g/t Au over 76.5m.

Sulliden Exploration Inc. has awarded a contract to AMEC for a Preliminary Economic Assessment on the Shahuindo Gold Project. Work on the Preliminary Economic Assessment will begin immediately and is expected to be completed in September 2009. 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.