Sulliden Files NI 43-101 Technical Report for the Updated Mineral Resource Estimate on the Shahuindo Project in Peru

TORONTO, ONTARIO--(Marketwire - July 29, 2011) - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX:SUE)(OTCQX:SDDDF) is pleased to announce that the updated mineral resource estimate announced on June 16, 2011 has been filed on SEDAR in compliance with the National Instrument 43-101 Technical Report requirements.

The mineral resource technical report was prepared by Mine Developments Associates ("MDA") and Kappes, Cassiday & Associates in compliance with National Instrument 43-101 "Standards of Disclosure for Mineral Projects". The Shahuindo Project has an Indicated mineral resource totaling 1,971,000 ounces of gold grading 0.52 g/t and 27,980,000 ounces of silver grading 7.3 g/t and an Inferred mineral resource totaling 1,436,000 ounces of gold grading 0.73 g/t and 38,580,000 ounces of silver grading 19.1 g/t. The mineral deposit at the Shahuindo Project currently consists of a four kilometer strike length and remains open in all directions and at depth.

The Technical Report has been filed under the Company's profile on SEDAR (www.sedar.com) and can also be viewed on Sulliden's website at www.sulliden.com.

Peter Tagliamonte, President & CEO of Sulliden, commented, "The updated mineral resource estimate establishes a new foundation for the Shahuindo Project. We continue drilling the Central Corridor and with the planned exploration in the North Corridor, extensions and recently identified parallel structures, we believe a strong opportunity exists to continue to further increase the mineral resources at Shahuindo."