News

Montreal, December 18, 2006: Sulliden Exploration Inc. (Sulliden) (SUE: TSX) announces that the Board of Directors has implemented a series of new senior management appointments and changes effective immediately. The appointments are intended to strengthen senior management and ensure that Sulliden has experienced management in appropriate positions, and with specific responsibilities, to direct the current activities of the Company.

PRESIDENT and CEO: JOHN KEARNEY

The Board is pleased to announce the appointment of John Kearney as President and Chief Executive Officer to succeed Jacques Trottier who has been appointed Deputy Chairman.

John Kearney , a lawyer by training, has over 35 years international experience in the mining industry, specifically in the corporate, finance and legal areas, and has served as Chairman, President or director of numerous public mining or mineral exploration companies. Kearney has been a director of Sulliden since May 2005 and previously acted as Chairman of the Audit Committee.

In the position of President , John Kearney will have specific responsibility for directing all legal matters concerning the dispute and current litigation relating to the Company’s Shahuindo gold property in Peru.

VICE PRESIDENT: JAVIER FERNANDEZ-CONCHA STUCKER

Javier Fernandez-Concha Stucker has been appointed Vice President of Sulliden Inc. and well as President of Sulliden’s wholly owned subsidiaries; Minera Sulliden Peru S.A. and Minera Sulliden Shahuindo SAC.

A member of Sulliden’s legal team in Peru for the past three years, he holds a masters degree in Jusirsdictional Politics, has practiced law in Peru for twenty years and has an extensive and varied background in law and business.

Javier will have specific responsibility for managing, on a full time daily basis, the legal affairs and litigation as well as serving as General Manager of Sulliden’s operations in Peru.

LEGAL AFFAIRS COMMITTEE - OFFICE OF THE PRESIDENT:

To specifically deal with the ongoing litigation, the Board has established a Legal Affairs Committee, within the Office of the President, comprised of:

    * James H. Coleman, Q.C. - Chairman of the Board
    * John F. Kearney - President and CEO
    * Javier Fernandez-Concha Stucker - Vice President

Jim Coleman has been a director of Sulliden since August 2004 and Chairman since 2005. He is Senior Partner, and former Chairman, of Macleod Dixon, a leading Canadian international law firm, with offices in Calgary, Toronto, Moscow, Almaty, and within South America in Caracas, Venezuela and Rio de Janerio, Brazil, where the firm specializes in mining and resources law.

The mandate of the Legal Affairs Committee is to oversee and provide a direct coordinated approach to the legal affairs, legal agreements and legal disputes in which Sulliden is currently involved.

DEPUTY CHAIRMAN: JACQUES TROTTIER

The Board is pleased to announce that Jacques Trottier, who has served as President of Sulliden since 1995 and who led the Company into Peru, has agreed to continue to serve as Technical Advisor to the President and has been appointed as Deputy Chairman of the Company.

In his new role, Jacques Trottier, who holds a Doctorate in geology, and has over 30 years experience in mineral exploration worldwide and most recently in South America, will focus on the technical and operational aspects of the Company’s operations and will provide guidance and advice on Sulliden’s planned exploration programs on its, Torrine, Vikingo and Shahuindo projects in Peru.

EXPLORATION MANAGER - SOUTH AMERICA: MARCO MURAZZI

Marco Fernandez-Concha Murazzi has been appointed as Exploration Manager South America, with day to day responsibility for the management of Sulliden’s exploration programs.

A geologist, based in Lima with Peruvian and Canadian citizenships, Marco has 30 years exploration experience throughout South America, including serving as General Manager of Teck Peru SA, for Teck Corporation for five years from 1994 to 1999, and as Project Manager South America for Noranda for four years from 1990 to 1994. Marco has also earlier worked in Canada for Westmin Resources Ltd. as Chief Senior Geologist at the Silback Premier gold mine in northern British Columbia.

A FOCUSED MANAGEMENT APPROACH:

Commenting on the new appointments, Jim Coleman Chairman of Sulliden said: “The Board has taken the necessary steps to ensure that the Company has experienced management in appropriate positions to address the particular current circumstances. Sulliden is involved in extensive material litigation in Peru and the appointments we announce today are designed to direct the Company’s legal affairs with the objective of bringing the ownership dispute with regard to Shahuindo property to a successful conclusion and at the same time to ensure that Sulliden can also focus on its primary business activity , namely the exploration and development of its mineral properties in Peru”.

GRANT OF STOCK OPTIONS:

The Board has today approved the grant to John Kearney of stock options under the Company’s’ fixed price Share Option Plan, subject to regulatory approval, on a total of 350,000 shares exercisable, subject to certain conditions, at $0.49 per share for a period of five years, such options to vest as to 50% immediately and as to 50% upon the six month anniversary of the date of the grant.

The Board has also approved the grant of stock options on 50,000 shares to Marco Murazzi, exercisable on the same terms, vesting as to 50% upon the six month anniversary and 50% upon the 12 month anniversary of the date of the grant.

ABOUT SULLIDEN:

Sulliden Exploration Inc. is a mineral exploration company focused on the development of its Shahuindo gold-silver project located 25 km north of Alto Chicama and 70km south of Yanacocha in northern Peru. The resource stands at 1.5 million ounces of gold at an average grade of 0.85 g/t Au and 35.2 million ounces of silver at an average grade of 19.83 g/t Ag, for a total gold equivalent of 2.1 million ounces of gold at a gold to silver ratio of 1:60.

In addition, Sulliden has an option interest to acquire 66% of an adjacent 1,900 hectares known as the Vikingo concessions which brings the Company’s land holdings in this exciting gold district to almost 10,000 hectares.

In southern Peru, Sulliden, through a subsidiary, has entered into an option agreement to earn a 50% interest in the Torrine gold project with Aruntani SAC and affiliates.

Caution regarding forward-looking information:

Statements contained in this document which are not historical facts are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the outcome of legal proceedings, the issue of permits, the size and quality of the company’s mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the company. Factors that could cause such differences, without limiting the generality of the following, include: volatility and sensitivity to market metal prices impact of change in foreign currency exchange rates and interest rates; imprecision in reserves estimates; environmental risks including increased regulatory burdens; unexpected geological conditions; adverse mining conditions; political risks arising from operating in developing countries; legal title to properties, outcome of litigation, changes in government regulations and policies, including laws and policies; and failure to obtain necessary permits and approvals from government authorities; and other development and operating risks.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this document. The Company disclaims any intention or obligation to update or revised any forward-looking statement, whether as a result of new information, future events or otherwise.

For further information please contact:

John F. Kearney, President
Tel: (416) 362-6686
e-mail: jkearney@attglobal.net

Jacques Trottier, Deputy Chairman
Tel: (514) 861-1953
e-mail: sulliden@colba.net

Mr. Jim Coleman, Chairman
Tel: (403) 267-8373