European Gold Forum, May 6-8, 2014

The Shahuindo Gold Project A simple and low-cost heap leach mine with a clear path to production

TSX: SUE

BVL: SUE

OTCQX: SDDDF

FWB: S9E

2

This presentation may include certain “forward-looking statements”

within the meaning of applicable Canadian securities legislation. All

statements, other than statements of historical fact, included herein,

including, without limitation, statements regarding future plans and

objectives of the Company , projected capital and operating

expenses, timetable to permitting and production and the

prospective mineralization of the properties, are forward-looking

statements that involve various risks, assumptions, estimates and

uncertainties. 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". There can be

no assurance that such statements will prove to be accurate, and

actual results and future events could differ materially from those

anticipated in such statements. Forward-looking information is

subject to known and unknown risks, 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. These

statements reflect the current internal projections, expectations or

beliefs of Sulliden Gold Corporation Ltd. (“the Company”) and are

based on information currently available to the Company. The

Company does not undertake to update any forward-looking

information, except in accordance with applicable securities laws.

The technical content of Sulliden Gold Corporation Ltd.’s

presentation was reviewed and approved by its Vice President of

Exploration, Stéphane Amireault, P.Eng., as well as its Vice

President of Technical Services and Operations, Joseph Milbourne,

who are Qualified Persons within the meaning of National

Instrument 43-101. Messrs. Amireault and Milbourne have reviewed

and approved the scientific and technical aspects of this

presentation.

Forward Looking Information

2

3

Sulliden: Near-Term Gold Production

Main Exchange TSX (Toronto): SUE

Shares Issued

Fully Diluted

310.3 million

355.7 million

Market Capitalization ~$250 million (28.04.14)

Working Capital ~$50 million

Top Shareholders Agnico-Eagle Mines

Van Eck

RBC

Quick Facts 100%-owned Shahuindo Gold Project Simple and technically sound open-pit, heap leach mine

Historic mining district with excellent infrastructure

Foundation Project with Top Tier Economics

CAPEX of $131.8M for ~ 90,000 oz/yr production

$552/oz cash costs; $826/oz all-in

Pre Tax IRR of 52.2%; Post Tax IRR of 37.8%

Clear path to production and expanded mine scenario

Long-Term Upside Potential

2.44M M&I gold ounces; 1.63M Inferred gold ounces

Only approximately 150,000 metres drilled

Numerous regional targets remain largely unexplored

Experienced Management Team

High-level management team with proven track record of

developing and operating mines in Latin America

3

4

Development & Construction Status

Environmental and Social license received in September 2013

Construction of electrical substation underway (Permit obtained April 2013)

All surface rights required for mine construction have been acquired

Construction permit application submitted; detailed engineering complete

Orders for long-lead items underway

Funding options being finalized and to be in place for construction start

Start of mine construction expected between Q4 2014 - Q1 2015

4

5

Successful Final Audience Important step in the EIA Process

Completed on March 13, 2013

Over 2,500 attendees; Strong social support

5

6

Electrical Substation Progress

Electrical substation construction permit received in April 2013

Completion expected in 2014

6

7 7

Near-Term Construction & Production

Milestones expected in 2014

Receipt of mine construction permit

Completion of electrical substation project

Completion of project funding

Start of mine construction

8

Peru : A Strong Mining Track Record

*Sources: Ministry of Mines and Energy, Peru and National Society of Mining, Oil, & Energy

Gold producer

in Latin America #1

Gold producer

in the world #5

Silver producer

in the world #3

Copper producer

in the world #3

Zinc & Tin producer

in the world #3

Barrick Gold Corp. (Canada)

Newmont Mining Company (USA)

Buenaventura Mining Co. (Peru)

BHP Billiton Limited (Australia)

Gold Fields Ltd (South Africa)

Southern Copper Corp. (Mexico)

Pan American Silver Corp (Canada)

Teck Resources Limited (Canada)

Hudbay Minerals (Canada)

Xstrata Copper (Switzerland)

Anglo American (UK)

Jianxi Copper (China)

Rio Tinto (UK)

Bear Creek Mining (Canada)

1. China

2. Australia

3. USA

4. Russia

5. Peru

6. South Africa

7. Canada

8. Mexico

9. Uzbekistan

10. Ghana

Peru is among

the top 10 gold

producers in the world:

Major international companies operate in Peru:

9

Shahuindo Gold & Silver Project Located in a low cost mining district

¹Source: CIBC Research Department (2009/2011) 9

Safe and mining-friendly jurisdiction

Stable and functioning democracy

Prolific gold-producing region

Lagunas Norte and Yanacocha

are two of the 10 lowest cost

gold mines in the world¹

Access to trained

and educated workforce

Corporate tax rate: ~30%

10 10

Shahuindo Infrastructure Excellent location & accessibility

11

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Indicated

Oxide:

830,000

Mixed*:

60,000

Sulphides:

160,000

Oxide:

280,000

Sulphides:

10,000

Oxide:

228,000

Mixed*:

16,000

Sulphides:

1,192,000

Oxide:

124,000

Sulphides:

1,504,000

0.29 M

Gold

Ounces

Measured

Oxide:

766,000

Mixed*:

19,000

Indicated

Oxide:

1,624,000

Mixed*:

29,000

Indicated

Oxide:

1,776,000

Mixed*:

195,000

1.05 M

1.44 M

1.97 M

2.44 M

1.63 M

Inferred Mineral Resources Measured & Indicated (M&I) Mineral Resources

M&I gold mineral resources:

2,438,000 ounces Inferred gold mineral resources:

1,628,000 ounces

2009 2011 2012

Gold Mineral Resource Growth

*Please see Appendices for tonnes, grades and notes relating to the September 2012 mineral resource estimate

12 12

Section centered on

a 200 m thick base line

Section E1050

(featured on next slide)

UNDRILLED

UNDRILLED UNDRILLED UNDRILLED

Shahuindo Mineralization Continuous ore body outcropping on surface

Easily accessible

mineralization

One single ultimate pit

Feasibility Study (Sept 2012)

Strip ratio of 1.97:

Shallow pit (~100m)

13

Typical Cross Section (E1050) Large disseminated gold deposit located at surface

14

Long-Term Exploration Upside Numerous targets remain unexplored

Current Mineral Resource Long-Term Upside Potential

14

Based on ~132,000 m of drilling 1. Within and near Central Corridor 2. North to South Corridor Trend 3. NW and SE Extensions 4. North Corridor (7,000m drilled to date)

5. NW base metal anomaly

15

ADR Plant Heap Leach

Processing

- Conveying

- Agglomerating

- Stacking

Carbon Stripping/Reactivation

Carbon in Column

Gold Recovery Plant

Preg Pond Barren Pond

Technically Simple; Easily Scalable

Open Pit

Mine

1

2

3

100 m

16

Tonnes per day mined 10,000 tpd

Gold Eq. Production ~90,000 oz/year

Capital Costs $131.8M

Sustaining costs LOM $47.8M

Power Source Electric Grid Power

Cash Operating Costs $552 / ounce

Total Operating Cost $11.94/t ore

Pad capacity 38 million tonnes

After Tax/Pre-Tax IRR 37.8% / 52.2%

Mine Life ~ 10 years

Waste to Ore Strip Ratio 1.9:1

Metallurgical Recovery 86%

**Please see mineral resource and mineral reserve tables in Appendices

**Metal price assumptions based on 3-year trailing averages as at Aug 31, 2012. The Feasibility Study titled

“Technical Report on the Shahuindo Heap Leach Project” and dated September 26, 2012 was completed by

Kappes, Cassiday & Associates (KCA) and Mine Development Associates (MDA) and is available on the

Company’s website and under the Company’s SEDAR profile at www.sedar.com).

Owner-Operated, Open-pit heap-leach mine (Base case metal prices: $1,450 Au; $27 Ag)

P&P Mineral Reserves 37.8Mt @

0.85 g/t containing 1,032,000 AuEq oz

Phase 1

Feasibility Study Results Phase I and projected expansion scenario to Phase II

Tonnes per day mined 30,000 tpd

Gold Eq. Production ~ 190,000 oz/year

Expansion Capital Costs ~ $100M

Sustaining costs LOM + $38M (total = $85M)

Power Source Electric Grid Power

Cash Operating Costs ~ $600/ounce

Total Operating Cost $10.00/t ore

Pad capacity 150 million tonnes

After Tax IRR ~ 35%

Total Mine Life ~ 10 years

Strip Ratio ~ 1.7:1

Metallurgical Recovery 86%

*Figures listed above are estimates and are preliminary in nature. The ability of Sulliden to expand

production beyond 90,000 ounces per year has not been the subject of a feasibility study and there is no

certainty that the production rate or proposed expansion will be economically viable.

Current mineral resources have the

ability to support a larger operation

Phase 2

Mineral Reserves represent only 40%

of the M&I resource equivalent

17

Mine Infrastructure Layout

17

Projected Mine Expansion

Feasibility Study (September 2012)

30k tonne-per-day mine

Easily expandable mine plan to

accommodate current mineral

resources and future mineral growth

The mineral Reserves represent only

40% of the M&I resource equivalent

10k tonne-per-day mine

Small footprint

Conveyor belts and ADR plant sized to

accommodate future expansion

18

Company,

Project & Location

Technical

Report

Au

Price IRR

(Pre-Tax)

IRR (Post-Tax)

Annual

Production

Mine

Life

Cash

Costs/oz. CAPEX

Sulliden Gold,

Shahuindo, Peru Feasibility Study (Sept. 26, 2012)

$1,300 45.6% 33.0% 87,700 oz. 10 yrs $541 $131.8 M

PMI Gold,

Obotan, Ghana

Feasibility Study (Aug. 28, 2012)

$1,300 35% 28% 221,500 oz 11.5 yrs $626 $296.6 M

Rainy River,

Rainy River, Ontario

PEA (Aug. 29, 2012)

$1,250 21% Not Provided 308,000 oz. 16 yrs $563 $767 M

Lydian Intl.,

Amulsar, Armenia

Feasibility Study (Sept. 5, 2012)

$1,200 27.7% Not Provided 118,000 oz. 12 yrs $469 $270 M

($146 sust.)

Agnico Eagle,

La India, Mexico Feasibility Study (Sept.4, 2012)

$1379 41% 31% 90,000 oz. 8 yrs +/- $500 $158 M

Torex Gold,

Morelos, Mexico

Feasibility Study (Sept. 4, 2012)

$1,276 -- 24.2% 337,000 oz. 10.5 yrs $421 $675 M

($86M sust.)

Guyana Goldfields,

Aurora, Guyana

Feasibility Study (Jan. 29, 2013)

$1,300 44% 38% 194,000 oz. 17 yrs $527 $205 M

($356M sust.)

Attractive Economics

1 Silver prices in first four cases are based on gold to silver price ratio of 52.4 2 Cash operating costs per ounce represent the mine site operating costs such as mining, processing, metal transport, refining, administration, government imposed royalties and

government imposed 8% worker’s profit sharing, net of silver by-product sales revenue and are exclusive of amortization, reclamation, capital, and exploration and development costs. Due

to the inclusion of royalties and the 8% workers profit sharing in cash costs per ounce, cash costs increase or decrease as the price of gold fluctuates up or down.

Metal price sensitivity (Feasibility Study, Sept 2012)

Comparable gold oxide projects

Gold Price (US$/oz) Silver Price

(US$/oz) 1

IRR

Pre-Tax (%)

IRR

After-Tax (%)

Cash Costs

per oz Au 2

$900 $17 19.0% 13.5% $509

$1,100 $21 33.2% 23.9% $524

$1,300 $25 45.6% 33.0% $541

$1,500 $29 56.9% 41.3% $559

$1,415(Feasibility Study Base Case) $27(Feasibility Study Base Case) 52.2% 37.8% $552

19

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

Gold

Price

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

Gold

Price

Shahuindo is located among some

of the lowest cost mines in the world

Profit

Margin

Cost to

produce

an ounce

of gold

Cash C

osts

A

ll-in

costs

Sulliden’s Shahuindo Project:

$552/oz; 0.84 g/t (FS, Sept 2012)

Buenaventura & Southern

Peru Copper’s Tantahuatay:

~$360/oz; ~0.7 g/t (2013)

Buenaventura & Newmont’s La Zanja:

~$580/oz; ~0.7 g/t (2013)

Newmont’s Yanacocha:

$650-700/oz; <1.0 g/t (2013 est.)

Barricks’ Lagunas Norte:

$361/oz; <1.0 g/t (2013)

Rio Alto’s La Arena:

$569/oz; 0.58 g/t (Q3 2013)

19

Major Gold Producers

Average all-in

costs in 2013*:

$1,086/oz

vs.

All-in costs*:

$826/oz

(*Based on company reports from the following

companies: Barrick Gold, Goldcorp, Newmont

Mining, Yamana Gold, Randgold, Kinross, Agnico-

Eagle, Eldorado Gold, Goldfields and Centerra)

Cost to

produce

an ounce

of gold

(*Total LOM cash cost/oz. as reported

in the Feasibility Study from Sept. 26,

2012. See cautionary notes related to

the Feasibility Study on slide 2.)

Profit

Margin

All-

in c

osts

Low Cost, High Margin Project Resilient to fluctuating gold prices

20

Permitting Milestones

Completed

EIA Document

Components

Baseline Studies

Feasibility Study

Impact Analysis &

Management Plan

2nd round

of official

community

workshops (Nov 2012)

Final Public

Audience (March 2013)

Construction

permit received

for electrical

substation project (April 2013)

1st round

of official

community

workshops (Feb 2011)

Submission of

EIA report to

Peru government

Public Participation Plan

Executive Summary

Completed Document

(Dec 2012)

EIA Approval (Sept 2013)

Construction

Completion of electrical

substation construction

expected in H2 2014

Mine construction

expected to start in 2014

Estimated

Production

Start (2015)

20

Receipt of

final process

permits and

authorizations (2014)

21

2014 - Upcoming Catalysts

Receipt of mine construction permit

Completion of electrical substation project

Completion of project funding

Start of mine construction

21

22

Appendices

23

Corporate Structure & Research

Shares Outstanding

Warrants

Options

Fully Diluted

310.3M

18.9M

26.5M

355.7M

Steve Parsons

Chris Thompson

Andrew Kaip

Ovais Habib

Richard Gray

George Albino

Kerry Smith

Humberto Agurto

Humberto León

Adam Melnyk

Andrew Mikitchook

Van Eck (“GDXJ” ETF)

Agnico-Eagle Mines Ltd

RBC Global Asset Mgmt

Beutel, Goodman & Co.

Standard Life

Aberdeen International

AGF Investments

Maple Leaf Funds

Socrate Capital

Mackenzie Financial

Trading Symbols:

Capitalization Summary:

Stock Performance:

Share Price (April 29, 2014, TSX)

52-week Range (TSX)

Average Daily Volume (3 month)

Market Capitalization

$0.80

$0.60 - $1.17

~600,000

~$250M

Research Coverage

~$49.7M (Q3 2014, Jan 31, 2014)

Working Capital:

Major Shareholders:

Toronto, Canada

TSX: SUE Lima, Peru

BVL: SUE United States

OTCQX: SDDDF

24

Proven Management Team

Peter Tagliamonte, P.Eng. MBA, Chief Executive Officer & Chairman 30 yrs of experience in mine building and operations with particular focus in Central and South America

Former CEO of Central Sun Mining and COO of Desert Sun Mining

Justin Reid, MSc., MBA, President & Director Geologist and capital markets executive with +20 yrs focused in the mineral resource space

Former senior mining analyst at Cormark and Managing Director Global Mining Sales at NBF

Denis C. Arsenault, CA, CPA, Chief Financial Officer +27 yrs of professional experience , including senior financial positions in the mining sector

Joe Milbourne, FAusIMM, VP Operations & Technical Services Metallurgist with +30 yrs experience in Central and South America

Former head of process engineering at AMEC Mining and Metals. International experience with BHP, Eldorado and Cominco

Stéphane Amireault, MScA., P.Eng., VP Exploration Professional engineer with +20 yrs experience in gold exploration

Extensive experience in Central and South America, particularly in Peru

Dr. Javier Fernandez Concha-Stucker, L.L.B., Country Manager, Peru Holds a Masters Degree in Jurisdictional Politics and has been practicing law in Peru for over 20 yrs

Experienced Board of Directors

Peter Tagliamonte, P.Eng., CEO & Chairman

Stan Bharti, P.Eng, Co-Chairman Executive Chairman of Forbes & Manhattan, Inc., a private merchant bank operating worldwide

Justin Reid, MSc., MBA, President & Director

James H. Coleman, L.L.B., B.B.A., QC, Director Senior Partner of Norton Rose; extensive experience in international law focused on the energy and resource sectors

Bruce Humphrey, P.Eng., Director +35 yrs of experience working in senior management roles with both junior and senior mining companies

George Faught, CA, Director +25 yrs of senior management, financial management, corporate development and operating experience

Don Dudek, Director Exploration geologist with +30 yrs of experience who has held various roles with junior and senior exploration and mining companies

Hon. Pierre Pettigrew, p.c., Director International business consultant; served Canada as Minister of Foreign Affairs, International Trade and the International Cooperation

Sulliden Management & Board

25

NI 43-101 Mineral Resources September 2012

Gold

Contained

Ounces

Gold

Grade

(g/t)

Silver

Contained

Ounces

Silver

Grade

(g/t)

Tonnes (t)

Gold

Grade

Eq.g/t

Total Measured & Indicated

Mineral Resources 2,438,000 0.52 33,370,000 7.1 147,310,000 0.54

Measured Mineral Resources

Oxide (Reported at 0.2 g/t cut-off) 766,000 0.59 10,530,000 8.1 40,500,000 0.62

Mixed* (Reported at 0.35 g/t cut-off) 19,000 0.75 850,000 33.7 780,000 0.964

Indicated Mineral Resources

Oxide (Reported at 0.2 g/t cut-off) 1,624,000 0.48 21,080,000 6.3 104,840,000 0.51

Mixed* (Reported at 0.35 g/t cut-off) 29,000 0.77 910,000 23.8 1,190,000 0.92

•The Mixed material is classified as a transition zone that contains both oxide and sulphide material. The higher cut-off grade used to determine economical

value for the associated Feasibility Study takes into account the lower metallurgical recoveries that were observed in the metallurgical test results of the

transitional material. Mixed ore will be processed as oxides.

The mineral resource estimate was prepared by Mine Development Associates (“MDA”) in accordance with National Instrument 43-101.

Please refer to press release dates September 5, 2012 for detailed parameters of the mineral resource calculation.

Total Inferred Mineral Resources 1,628,000 0.71 46,560,000 20.4 71,000,000 1.20

Oxide (Reported at 0.2 g/t cut-off) 124,000 0.40 1,330,000 4.3 9,570,000 0.42

Mixed* (Reported at 0.35 g/t cut-off) - - 0.68 10,000 12.2 20,000 0.76

Sulphide (Reported at a 0.5 g/t AuEq cut-off) 1,504,000 0.76 45,220,000 22.9 61,410,000 1.20

26

Notes related to the Mineral Reserve Table:

See press release dated September 26, 2012. Mineral reserves are reported based on open pit mining within designed pits based on variable gold g/t cutoff

grades where Oxide: 0.35, 0.35, 0.30, 0.35, 0.30, 0.30 for Phases 1, 1B, 2, 3, 4, and 5 respectively; and Mixed: 0.35, 0.35, 0.33, 0.35, 0.33, 0.33 for Phases 1,

1B, 2, 3, 4, and 5 respectively. These phases represent the sequential operational phases of the mine. The mineral reserves incorporate estimates of dilution

and mining losses. The cut-off grade and pit designs are considered appropriate for long term metal prices of US$1,340/oz gold and US$25/oz silver. Rounding

of the numbers in the mineral reserves listed above may cause apparent inconsistencies.

Stéphane Amireault, P.Eng., Vice President, Exploration for Sulliden Gold Corporation Ltd. Mr. Amireault is Sulliden’s Qualified Person as defined by NI 43-101.

Gold

contained

(ounces)

Gold

grade

(g/t)

Silver

contained

(ounces)

Silver

grade

(g/t)

Tonnes (t)

Gold

grade

Eq.g/t

AuEq

Ounces

Total P&P

Mineral Reserves 1,022,000 0.84 11,561,000 9.5 37,847,000 0.85 1,032,000

Oxide 1,015,000 0.84 11,404,000 9.4 37,589,000 0.85 1,026,000

Mixed 6,000 0.76 157,000 18.9 258,000 0.78 6,000

Proven Mineral Reserves

Oxide 434,000 0.90 5,008,000 10.4 14,994,000 0.91 438,000

Mixed 4,000 0.71 93.000 17.6 165,000 0.72 4,000

Total 437,000 0.90 5,102,000 10.5 15,159,000 0.91 441,000

Probable Mineral Reserves

Oxide 582,000 0.80 6,396,000 8.8 22,595,000 0.81 588,000

Mixed 3,000 0.87 64,000 21.3 93,000 0.89 3,000

Total 584,000 0.80 6,459,000 9.4 22,688,000 0.81 591,000

Mineral Reserves represent only approximately 40%

of the gold ounces from total oxide mineral resource

NI 43-101 Mineral Reserves September 2012

27

Shahuindo Social Programs Sulliden plays an active role in the sustainable development of the communities surrounding its project

28

Initiated in October 2012

Sulliden has partnered with recognized Peruvian

training institutions to provide training programs in: Masonry, Ironworks, Electrical Wiring & installations, Front end loader operation,

Excavator Operator, Welding, Cooking and Agriculture and Farming training.

These hands-on programs aim to prepare the students for potential

future employment at Shahuindo, and in local and regional markets

In partnerships with:

28

Local Training Programs

29

Sembrando Oportunidades Locales (SOL)

29

In partnerships with:

Initiated in March 2014, as part of the training program

The pilot Chef Training course if offered to the “Club de

Madres” (Mother’s Club) of the nearby town of San Jose.

30 30

Ex: ”COEVAC” Avocado Project

Agriculture Cooperative

Initiated in 2013, the aim of the COEVAC cooperative is to help improve farming practices

The cooperative is composed of farmers and entrepreneurs in the nearby Condebamba Valley

The pilot avocado project enabled the trade of avocados to the Lima market where farmers are able to

fetch a premium for their produce. The first container of avocados was shipped to Lima in October 2013.

31

TSX (Toronto): SUE

BVL (Lima): SUE

OTCQX (US): SDDDF

Investor Relations

info@sulliden.com

+1 (416) 861-5805

Sulliden Gold Corporation Ltd.

65 Queen St W, Ste 800, Toronto, Ontario M5H 2M5

www.sulliden.com

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