Montreal , Canada – May 27, 2004 . The Board of Directors of Sulliden Exploration Inc. (TSX: SUE) are pleased to announce the appointment of Mr. Jean-Charles Potvin as Chairman of the Corporation, replacing Mr. Jean Depatie who will remain on the Board as a Director.
Mr. Potvin has been a Director of Sulliden since April 2003 and has made significant contributions in the areas of mining finance and mineral property evaluation, having worked as a gold analyst and Vice-President of Burns Fry Limited (now BMO Nesbitt Burns) from 1981 to 1994. Thereafter he was President & CEO of Pangea Goldfields prior to its acquisition in July 2000 by Barrick Gold Corporation. Currently Mr. Potvin is President of Tiomin Resources Inc., a titanium resource company and serves as a director of several Canadian public companies.
The Board wishes to acknowledge the leadership of Mr. Depatie who is stepping down for health reasons but will continue to serve as a Director.
Mr. Potvin’s appointment comes at an exciting time in Sulliden’s Shahuindo gold/silver project which has just begun its second phase of a minimum 10,000 meter drilling program. The Shahuindo property is located 25 km north of Alto Chicama and 70 km south of Yanacocha, two of the largest gold deposits found in Peru .
In 2003, the first phase of a 3,450 meter drilling program identified a high grade gold and silver Breccia zone as well as five new target areas. This formed the basis of a new resource calculation in March 2004 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.
For Further information please contact:
Dr. Jacques Trottier, President
Tel: (514) 861-1953
E-mail: sulliden@colba.net
Donna Yoshimatsu, VP Investor Relations
Tel: (416) 362-8809
E-mail: dyoshi@sulliden.com
