TORONTO, Feb. 5, 2013 /CNW/ - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX: SUE) (BVL: SUE) (OTCQX: SDDDF)
welcomes Justin Reid as its new president and member of its board of
directors. Peter Tagliamonte, former President and CEO, will assume the
position of executive chairman of Sulliden's board of directors while
continuing to serve as the Company's CEO.
Mr. Reid is a geologist and capital markets executive with over 20 years
of experience focused exclusively in the mineral resource space. Mr.
Reid holds a B.Sc from the University of Regina, a M.Sc from the
University of Toronto and an MBA from the Kellogg School of Management
at Northwestern University. Mr. Reid started his career as a geologist
with SGS and Cominco Ltd after which he became a partner and senior
mining analyst at Cormark Securities in Toronto. In 2009, Mr. Reid was
named Executive General Manager at Paladin Energy, where he was
responsible for leading all merger and acquisition, corporate and
market related activities. He returned to Canada in early 2011 assuming
the role of Managing Director Global Mining Sales at National Bank
Financial, where he directed the firm's sales and trading in the mining
sector.
Peter Tagliamonte, CEO and Executive Chairman of Sulliden stated, "We
are entering an exciting year of development for our Shahuindo Project
and we are very pleased to welcome Justin Reid as Sulliden's new
president. We expect Justin's strong industry and financing knowledge,
together with his geological background to be invaluable assets to the
Company as we move the Shahuindo Project forward."
In conjunction with Mr. Reid's recruitment and Peter Tagliamonte's
transition to CEO and executive chairman, Leonard Harris has announced
his resignation from Sulliden's board of directors. Sulliden would like
to thank Mr. Harris for his efforts and contribution to the Company
during his ten years of service as a director.
About Sulliden
Sulliden Gold Corporation Ltd. is a Canadian development-stage company
focused on bringing to production its low-cost gold and silver project
located in a prolific gold belt in northern Peru. Since 2009, the
Company has delivered two mineral resource updates, completed a
Preliminary Economic Assessment and Feasibility Study, and is now in
the advanced stage of permitting. Sulliden is listed on the Toronto
(TSX) and Lima (BVL) stock exchanges under the symbol "SUE", as well as
the premier tier of the U.S. Over-the-Counter (OTC) market (OTCQX)
under the symbol "SDDDF". For more information about Sulliden, please
visit www.sulliden.com.
On behalf of Sulliden Gold Corporation Ltd.:
Justin Reid
President
Peter Tagliamonte
CEO & Chairman
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
impact of the appointment on the Company, the size and quality of the
company's mineral resources, progress in development of mineral
properties, future capital and operating expenses, future metal prices,
the future financial or operating performance of the Company, the
prospective mineralization of the properties, planned exploration
programs and anticipated production schedule. 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". 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; other risks of
the mining industry and the risks described in the annual information
form of the Company. 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.
SOURCE: Sulliden Gold Corporation Ltd.
