TORONTO, ONTARIO, Dec. 1, 2009 (Marketwire) -- Sulliden Gold Corp. ("Sulliden" or the "Company") (TSX:SUE) is pleased to announce the appointment of Anna Ladd as Chief Financial Officer and the addition of the Honourable Pierre Pettigrew to Sulliden's Board of Directors, effective immediately.
Ms. Ladd is an experienced financial professional with a wide array of experience in the mining industry. Prior to joining Sulliden, she served as the Group Controller, North American Operations of Kinross Gold Corporation and has also worked in Thompson and Sudbury operations for Vale Inco. Ms. Ladd is a Certified Management Accountant and holds a Masters of Arts in Economics from Queen's University in Kingston, Ontario, and a Bachelor of Commerce degree in Finance from the University of British Columbia.
Ms. Ladd replaces the acting Chief Financial Officer, Ms. Deborah Battiston, who Sulliden would like to thank for her contributions to the Company.
The Honourable Pierre Pettigrew has had a distinguished career in both public and private sectors. From January 1996 to February 2006, he served as a Member of Parliament where he led a number of senior government departments in successive federal Canadian governments. Among other positions, he has served Canada as the Minister of Foreign Affairs, Minister for International Trade and the Minister for International Cooperation. Hon. Pettigrew now works with Deloitte & Touche LLP in the role of Executive Advisor, International. Prior to entering national politics, Pierre Pettigrew was the Vice President of Samson Belair Deloitte & Touche International in Montreal, where he acted as an international business consultant. He is also a director of a number of other reporting issuers.
Peter Tagliamonte, President and CEO, commented "Deborah has done an outstanding job in assisting Sulliden through this transition period and her guidance and knowledge is greatly appreciated. We are now very pleased to welcome Ms. Ladd and Hon. Pettigrew to the Sulliden team as we advance the Shahuindo Gold Project to the next level. Both Anna and Pierre's experience will significantly strengthen the team and contribute to the success of the project."
Sulliden has been advised by AMEC that the Preliminary Economic Assessment for the Shahuindo Gold Project will be delivered to the Company by the second week of December 2009.
Sulliden is a Canadian-based mining company focused on the development of its principal asset, the Shahuindo Gold Project, located in Peru. This area is one of the world's most prolific gold producing districts and is home to world-class gold mines including Barrick Gold's Lagunas Norte Mine, 30 km to the south, and the Yanacocha Mine operated by Newmont Mining Company 80 km to the north; both million-ounce per year producing mines.
A Preliminary Economic Assessment prepared by AMEC for the Shahuindo Gold Project is scheduled for completion in December 2009 which Sulliden intends to proceed with a Bankable Feasibility study in 2010. While the Company progresses towards its goal of reaching production by mid 2012, a significant focus is being placed on exploration drilling to expand the resource and reveal the upside potential of the Shahuindo deposit.
Sulliden is led by a strong management team with the proven ability to develop, finance, operate and explore mining projects and is uniquely positioned to generate superior value for its shareholders.
The Mineral Resource Estimation for the Shahuindo Gold Project was completed by Met-Chem Canada Inc. in 2005 and is available under the Sulliden profile on SEDAR at www.sedar.com.
On behalf of Sulliden Gold Corporation
Peter Tagliamonte Stan Bharti
President and CEO Chairman
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Caution regarding forward-looking information:
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the effect of the appointments on the future financial or operating performance of the Company, the size and quality of the company's mineral resources, progress in development of mineral properties, future capital and operating expenses, capital and mine production costs, future metal prices and treatment and refining charges, the financial results of the company the future financial or operating performance of the Company, the prospective mineralization of the properties and planned exploration programs., the issue of permits, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, planned exploration programs, anticipated production schedule and terms and the availability and likelihood of future acquisitions. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Estimates regarding the anticipated impact of the appointments are based on previous professional accomplishments and competencies Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.