Montreal, Canada – September 2, 2004 Mr. Jean-Charles Potvin, Chairman of Sulliden Exploration Inc. (TSX: SUE), is pleased to announce the appointment of Mr. James H. Coleman to the Board of Directors.
Mr. Coleman is a Senior Partner and former Chairman of Macleod Dixon, Barristers and Solicitors, a Calgary-based firm with offices worldwide. He has extensive experience in international law with a focus on the energy and resource sectors in addition to corporate finance, banking and securities. His involvement in a number of large corporate transactions in Canada, the United States, Europe, Central and South America, Africa and Asia have been in the energy sector.
Mr. Coleman is a director of a number of public companies including mining and oil and gas and has chaired various independent committees of public companies relating to corporate governance and securities matters. He has been a member of the Law Society of Alberta since 1975, the Canadian Bar Association, Rocky Mountain Mineral Law Foundation, to name just a few, and has authored numerous legal papers on banking and resource law. He is a graduate of Dalhousie and Saint Francis Xavier Universities and currently serves on the latter’s Governor and Executive Committees.
‘We are very fortunate to have such an authority on international mining law on the Board of Sulliden. Jim Coleman’s talent and track record in assisting companies to overcome legal and political challenges will figure prominently in our success”, commented Mr. Potvin, Chairman of Sulliden. “The recent nominations to the Board are just an indication of the strategic plans in motion - we are very focused and confident in winning any legal challenge relating to Sulliden’s ownership of the Shahuindo gold deposit and maximizing the excellent potential to further increase the 1.1 million Au ozs and 26 million Ag ozs already outlined on the property for all our shareholders.”
Mr. Coleman’s appointment succeeds Mr. Claude Britt who has stepped down to pursue other opportunities.
Sulliden is a mineral exploration company focused on the development of its 100% interest in the Shahuindo gold-silver project located 25 km north of Barrick Gold's Alto Chicama gold deposit and 70 km south of Newmont's Yanacocha deposits in northern Peru. The property has a resource estimated by Met-Chem Canada Inc. of 25.8 million tonnes of 1.07 g/t gold and 23.97 g/t silver in the indicated category, and 8.5 million tonnes of 0.92 g/t gold and 22.54 g/t silver in the inferred category for a total of 1.14 million ounces of gold and 26.1 million ounces of silver.
The second phase drilling program at Shahuindo is currently underway to outline the property's global potential through diamond drilling on new target areas identified by encouraging soil geochemistry, ground magnetics and trenching results. The first set of drilling results and a geochemistry update are expected to be announced in the next few weeks. In addition, Sulliden has an option to earn a 66% interest on a further 1,900 hectares adjoining the Shahuindo property known as the Vikingo concessions, bringing its exposure in this exciting gold district to almost 10,000 hectares.
For Further information please contact:
Jean-Charles Potvin
Chairman
Tel: (416) 350-3997
Donna Yoshimatsu, VP Investor Relations
Tel: (416) 362-8809
