Sulliden Gold

Peter Tagliamonte
President and CEO, Director
 TSX: SUE

Mines and Money, London - December 2009

Forward-Looking Statements

Caution regarding forward-looking information:

This presentation contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking
information includes without limitation, statements regarding the proposed use of the proceeds of the financing, the receipt of all necessary
approvals, the outcome of legal proceedings, the issue of permits, the size and quality of the companys mineral resources, progress in
development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for
metals, 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, 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". 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.

This presentation does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.

The technical contents of this presentation was reviewed by Stphane Amireault, P.Eng., Vice President, Exploration for Sulliden Exploration
Inc. Mr. Amireault is the Qualified Person responsible for the management of the exploration program and disclosure of the drill results as
defined by National Instrument 43-101.
The Company

Sulliden is a gold exploration and development

company focused on bringing the Shahuindo
Gold Project into production.

Headquarters in Toronto, Canada

In Peru since 1996, main office in Lima
Good governmental and community relations
New additions to the Board of Directors, Management
and Development teams

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Corporate Overview

Market Overview (November 2009) Analyst Coverage

TSX Stock symbol: SUE
Shares Outstanding: 131 M
Fully diluted: 160 M
Market Cap: $104 M Gary Baschuk (416) 955-4777
52-week High/Low: $1.06-$0.25
Recent Price (Nov. 25, 2009): $0.80
Financial Position (Nov 1, 2009): $16.5 M

Principal Shareholders Key Institutional Shareholders

Aberdeen International Inc. ~ 10% RBC Global Investment Management
Compania Minera Andina S.A. ~ 10% Sprott Asset Management
Socrate Capital Inc. ~ 10% Salida Capital
Acuity Investment Management Inc.
Dundee

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Sulliden Value

Completing PEA, proceeding with a bankable Feasibility Study in 2010

Gold production planned for 2012

Straightforward path to a mining operation

Under-explored property with excellent upside potential

Shahuindo located in a stable country in mining-friendly jurisdiction

New management team with proven track record

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Shahuindo Location

The Shahuindo Project is located in one of the worlds most

prospective gold belts, near million ounce producing mines.

80 km from
Newmonts
Yanacocha Mine

30 km from
Barricks Lagunas
Norte Mine

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 Shahuindo Property

8000 hectares of mining concession

2500m to 2900m elevation
1.2 meters of rainfall per year
N

4 km

Algamarca
Anticline

Mining Concession Contour

Current Mineralized Zones

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Shahuindo Geology

The Shahuindo Gold Project hosts a large

multi-phased mineralized system:

A large Cu-Ag vein system that was N

commercially mined by Minera Algamarca
SA from 1940 to 1990

An epithermal gold-silver system:

The low-grade, high-tonnage, Au-Ag deposit

Scattered high grade Au veins
Shahuindo Concession Map

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Shahuindo Property

15 m @ 0.37 g/t Au, 42 g/t Ag

8.7m @ 0.41 g/t Au, 22 g/t Ag
The Shahuindo deposit is an under explored
gold project with excellent upside potential

The Main Mineralized zone has a strike length

of over 6 km long and the current resource N
covers only about 4 km of it.
4 km

From 1992 to 2008: Only 290 holes drilled

40,000 meters of drilling

In 2009 and 2010: Approx. 20,000 meters

of drilling
4.8 m @ 0.80 g/t Au, 1 g/t Ag
16.7m @ 0.39 g/t Au, 3 g/t
Ag

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Current Shahuindo Resource

NI 43-101 Resource of 1.2 M oz indicated and 0.3 M oz inferred

of gold, and 28 M oz indicated and 7 M inferred of silver
Large-scale gold epithermal system; near surface deposit,
breccias-style mineralization

Tonnes Gold g/t Silver g/t Gold Oz Silver Oz

Indicated 38,009,500 0.95 22.99 1,160,931 28,094,540

Inferred 17,159,200 0.62 12.83 342,042 7,078,060

Latest resource estimate performed by Met-Chem Canada Inc. (April 2005)
[0.3 g/t cut-off]

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2009 Exploration Program

800,000 US$ budget for August drill program

Added approximately 4,100 meters of drilling

Trench Program (500 meters)

Diamond Drilling (1,150 meters)

Reverse Circulation Drilling (2,950 meters)

25 of 26 drill holes returned mineralization

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Collar and Trench Location Map

Section 350E

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Pre 2009 Grade Shell

79
- 98
RC
07
-98
H 83
DD - 98
RC 40
- 97 38
RC -95 1
DH - 974 85 5
D RC - 98 - 971
RC RC

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2009 Drill Campaign

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New Resource 2009

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Resource Potential

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Shahuindo Future Exploration

2010 Exploration Campaign

5 million US$ exploration budget

Blue Sky
Medium Term Approx. 16,000 meters of drilling

Program Objectives
Short Term
Surface exploration
Geophysical and geochemical surveys

Exploration Drilling
Mining Concession Contour -8000 meters of Diamond Drilling
-8000 meters of Reverse Circulation Drilling
Current Mineralized Zones

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Engineering Update

AMEC to deliver the Preliminary Economic

Assessment in mid December 2009

Coordinated effort between AMECs Lima and

Vancouver offices

Base Case: Open pit mine

Heap Leach
ADR

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Base Case Mining Process

Simple and straightforward mining and processing

Open Pit
Mine

ADR Plant
Heap Leach (Adsorption
Processing Desorption
Reactivation)

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Proposed Mining Infrastructure

Office
Infrastructure
Area

Algamarca
Anticline

Leach Pads

Waste Pit Outline

Dumps

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An Emerging Gold Producer

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Sullidens Path Forward

Strategy Developments

Preliminary Economic
Become a Assessment
gold producer Feasibility study in 2010
Completed phase I
Increase gold exploration program
resources
Phase II exploration
program started
Focus on
Marketing Environmental Impact
Studies started
New management team

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Summary

PEA by AMEC nearing completion

Favourable mining jurisdiction
Experienced management team
Bankable Feasibility to commence in early 2010
Active exploration with excellent upside potential
Analyst Coverage initiated in July 2009

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THANK YOU
Peter Tagliamonte, President & CEO

Caroline Arsenault, Manager I.R. & Marketing

416-861-5805

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APPENDIX
Additional Information

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 Sulliden Team

Senior Management Board of Directors

Peter Tagliamonte, P.Eng. MBA, President & CEO Stan Bharti, P.Eng, Chairman
Professional Engineer with 25 years experience in Mine Building and Mr. Bharti is a professional engineer and the President and CEO of Forbes &
Operations with extensive experience in Central and South America. Manhattan, Inc., a private merchant bank operating in Canada, the United States
Former CEO of Central Sun Mining and COO of Desert Sun Mining. and Western Europe
Joe Milbourne, FAusIMM, VP, Technical Services James H. Coleman, L.L.B., B.B.A., Director
Metallurgist with over 30 years experience in Central and South America. Mr. Coleman is a Senior Partner of Macleod Dixon, Barristers & Solicitors and
Former head of process engineering at AMEC Mining and Metals. has extensive experience in international law focused on the energy and
International experience with BHP , Eldorado and Cominco. resource sectors.
Stphane Amireault, MScA., P.Eng. VP, Exploration George Faught, Director
Professional engineer with over 20 years experience in gold exploration. Mr. Faught is a Chartered Accountant with over 25 years of senior management
Extensive experience in Central and South America particularly in Peru. experience.
Scott Moore, MBA, VP Corporate Development Bruce Humphrey, Director
Finance executive with over 20 years in the resource sector. He holds a Mr. Humphrey is a mining engineer with 30 years experience in the mining
MBA from the Kellogg School of Management. industry.
Javier Fernandez-Concha Stucker, L.L.B Guy Chartier, Director
Mr. Javier Stucker holds a Masters Degree in Jurisdictional Politics. He has Mr. Chartier is the founder and CEO of Amero Capital Inc. that provides strategic
extensive experience in law and business and will be integral to the and transactional consulting and management services to a portfolio of
management team in advancing Shahuindo towards production. companies on four continents.
Anna Ladd, CA, Chief Financial Officer Len Harris, P.Eng, Director
Ms. Ladd is an experienced financial professional with a wide array of Mr. Harris experience in the mining industry spans over five decades. He has
experience in the mining industry. She is a CA and holds a Masters of Arts held several prominent positions with major gold companies including Newmont
in Economics from Queen's University in Ontario and a Bachelor of and has chaired many industry standards organizations
Commerce degree in Finance from the University of British Columbia. Pierre Pettigrew, Director
Caroline Arsenault, Manager I.R. & Public Relations Mr. Pettigrew has had a distinguished career in both public and private sectors.
Ms. Arsenault holds a Bachelor of Design from O.C.A.D. in Toronto. She For 10 year he served as Member of Parliament where he led a number of
has been working in the mining industry for a number of years, previously senior government departments
as the Investor Relations Manager for Central Sun Mining.
Peter Tagliamonte, P.Eng, MBA, President and CEO

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Shahuindo Deposit

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Comparative Operations, Peru

Lagunas Norte

Owned by Barrick Gold

Open-pit, crush, valley-fill heap
leach operation
The mine is located on the Alto
Chicama in north-central Peru
2007 production of 1.1 million oz
Cash costs of $105 per oz
Proven and Probable reserves 221
Mt @ 1.2g/t Au or 8.7 million oz

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Comparable New Mine Development
La Zanja
Compania de Minas Buenaventura
53%BVN, 47%NEM
Open pit + 30,000 Ha
Heap-leach Operation
NRM (Non-reserve mineralization) as of
December 31, 2007: Pampa Verde: 15.9 Mt @
0.73 g/t Au, 4.00 g/t Ag. Cut Off 0.30 g/t Au
San Pedro Sur: 20.6 Mt @ 0.72 g/t Au, 9.28 g/t
Ag. Cut Off 0.37 g/t Au
Status: Updating feasibility study. Improving
relationship with local community (Successful
Public audience: July 3, 2008)
Construction expected to begin in 2009.
CAPEX US$60 million.
Expected production 100K gold oz per year
Expected Cash Costs $200 per oz
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Tantahuatay
Compania de Minas Buenaventura
40%BVN, 44%SPCC
Open pit. + 17,700 ha of mineralized ground
Heap-Leach Operation
NRM (Non-reserve mineralization) as of
December 31, 2007:
Tantahuatay 2: 13.2 Mt @ 0.72 g/t Au, 17.01 g/t
Ag. Cut Off 0.30 g/t Au
Cienaga Norte: 11.7 Mt @ 0.93 g/t Au, 1.40 g/t Ag.
Cut Off 0.30 g/t Au
Mirador Norte: 10.8 Mt @ 0.47 g/t Au, 0.50 g/t Ag.
Status: Completing feasibility studies to obtain
environmental approvals
Construction expected to begin in 2009
CAPEX US$55.6 million
Expected production 100K gold oz per year
Expected Cash Costs $230-$240 per oz
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Shahuindo Gold Project
Metallurgical Testing in 2004

San Jose de
Algamarca engaged
Heap Leaching
Consulting S.A.C. in
2004 to conduct
feasibility-level bulk
testing work:
$1 million worth of
metallurgical testing
10 columns
1.5 meter diameters
25-50 tonne samples
Following the
settlement, Sulliden
now has full access to
this data and is
currently reviewing
the results.

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Shahuindo Settlement

Settlement Terms

Cash Payments*: $13.5 M USD

*Cash Payments to be staged over 24 months
Shares: 10.825 mm **NSR may be repurchased for $US10 million
in the next 3 years
NSR**: 1.5%

Cash Commitments in 2009 $US Cash Commitments in 2010 $US

On Closing (Feb, 27 2009): $1.25 M 14 months from closing*: $7.5 M

15 months from closing*: $1.0 M
90 Days after closing: $0.25 M
18 months from closing*: $1.0 M
180 Days after closing: $1.00 M 21 months from closing*: $1.0 M
24 months from closing*: $1.0 M
Total: (PAID) $2.50 M
Total: $11.0 M

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Caroline Arsenault, Marketing & IR Manager
416-861-5805

v
www.sulliden.com