Settlement of litigation with Century Mining

Settlement of litigation with Century Mining

Sulliden Exploration Inc. announces that it has settled the legal actions commenced in Canada in June 2007 against Century Mining Corporation, Algamarca and others.

Century has withdrawn from its involvement with the Shahuindo property in Peru and abandoned all of its claims to the Shahuindo property. Sulliden’s legal actions and Century’s motion challenging jurisdiction have both been dismissed without costs with the consent of all parties by the Ontario Superior Court of Justice.

As previously announced in July 2008, Sulliden and Algamarca agreed to temporarily suspend the appeal proceedings before the Supreme Court of Peru pending further negotiations on a possible settlement of the Shahuindo litigation and dispute. These negotiations with Algamarca are continuing.

If you require further information, please contact us at Sulliden Exploration Inc. at (416) 703-8287 or via email at contact(at)

Sulliden Exploration Inc. is a mineral exploration company focused on the development of its Shahuindo gold and silver Project. The Shahuindo project is located in northern Peru, in one of the world’s most prospective gold and silver regions, sitting approximately 25 km north of Barrick’s Laguanas Norte-Alto Chicama 1,100,000 oz/gold per year mine; 70 km south of Newmont’s multi-million oz/gold Yanacocha district and 200 km north of Barrick’s Pierina 650,000 oz/gold per year mine.

The Shahuindo resource stands at 38 million tonnes grading 0.95 g/t Au and 22.99 g/t Ag, containing 1.2 million oz of gold and 28 million oz of silver (equivalent to 1.6 million oz of gold at a gold to silver ratio of 1:60) in the Indicated Category; and 17.2 million tonnes grading 0.62 g/t Au and 12.83 g/t Ag, containing 342,000 oz of gold and 7 million oz of silver (equivalent to 460,000 oz of gold at a gold to silver ratio of 1:60) in the Inferred Category – (Resource Estimation – Met-Chem Canada Inc. April 2005 filed on

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