Sulliden Mining Capital, Corporate Presentation, September 2014

Corporate Presentation

September 2014

TSX: SMC Continuing to build value through

the acquisition and development

of quality mining projects.

2 TSX: SMC | www.sulliden.com

Cautionary Statements

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 Sulliden Mining Capital Inc. (“the Company”), future opportunities and anticipated goals, 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 and resource 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 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 Company believes that the expectations reflected in

those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and

such forward-looking statements included in this presentation should not be unduly relied upon by investors as actual results may vary.

Unless required to be updated pursuant to securities laws, these statements speak only as of the date of this presentation and are

expressly qualified, in their entirety, by this cautionary statement.

The technical content of the presentation was reviewed and approved by the Company’s 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.

Management team with execution track record

Experts in: Mine exploration & development, Capital Markets

Extensive experience in North & South America


Strategic Vision

Sulliden Mining Capital is a venture capital

company focused on acquiring and advancing

brownfield, development-stage and early

production-stage mining projects in the Americas.

Capitalizing on the past successes

of our management team with

Desert Sun Mining (Brazil), Central Sun Mining

(Nicaragua), and Sulliden Gold Corp (Peru). Desert Sun (2002-2005)

Sulliden Gold (2009-2014)

Central Sun (2007-2009)


Corporate Structure (As at August 11, 2014)

Shares Outstanding

SMC Options & Agnico Warrants

~31.9 million

~4 million

Shareholders

Sulliden Gold Corp Shareholders (Major shareholders: Aberdeen Intl., RBC Global Asset

Mgmt, Beutel, Goodman & Co., Standard Life, AGF,

Maple Leaf Funds, Mackenzie, Socrate Capital)

Rio Alto

Management & Insiders

91.4%

8.5%

~7%

Capital Structure & Management Team

Balance Sheet (As at August 11, 2014)

Cash ~$25 million

High calibre management team with proven track record and a long history of working together

Justin Reid, MSc., MBA

President & CEO, Director Geologist and capital markets executive with +20 yrs focused in the

mineral resource space

Former President and Director of Sulliden Gold, Senior mining analyst

at Cormark and Managing Director Global Mining Sales at NBF

Peter Tagliamonte, P.Eng. MBA

Executive Chairman 30 yrs of experience in mine building and operations with particular

focus in Central and South America

Former CEO Sulliden Gold, Central Sun Mining and COO of Desert Sun

Mining

Joe Milbourne, FAusIMM

VP Operations & Technical Services Metallurgist with +40 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 +25 yrs experience in gold exploration

Extensive experience in Central and South America, particularly in Peru

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Delivering Value Through Production and Exploration

Share Price History and Events

Market Cap: US$3 MM US$35 MM US$150 MM US$690 MM

Gold Price: US$300/oz US$375/oz US$425/oz US$590/oz

• Desert Sun acquired Jacobina in 2002, subsequently adding significant value through successfully

bringing Jacobina into production in 2005, while also expanding resources and making discoveries

• The operational and exploration success put Jacobina on target to

potentially double production before it was acquired by Yamana

22-May-02

Enters earn-in on Jacobina, spending US$2

MM to earn 51% interest. Historical

producing mine with 3.5 MM oz Au resource

23-Sep-02

Acquires option on remaining 49% Jacobina

interest for cash payment of C$5 MM

12-Sep-03

Announces positive

Jacobina feasibility study

11-Sep-03

Peter Tagliamonte

appointed as COO

20-Aug-03

Buys back Jacobina 1.7% NSR for $200k

30-Sep-03

Exercises option to acquire 100%

of Jacobina

14-May-14

Expands land holdings in

Bahia Gold Belt

8-Jun-04

Secures $15 MM credit facilty -

Jacobina now fully funded

6-Jul-04

Receives operating permit

for Jacobina

19-Jan-05

Intercepts 21.9 m at 5.46 g/t

Au along Bahia Gold Belt

30-Mar-05

First gold pour at Jacobina

20-Dec-05

Announces resources of 5.3

MM oz Au at Jacobina

22-Feb-06

Yamana announces

acquisition of Desert Sun for

0.6 Yamana share per Desert

Sun share


Value Creation Case Study: Desert Sun Mining

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Share Price History & Events

1-Oct-07

Sells Cerro Quema (US$6 MM), $26 MM

private placement, 3 new directors elected

(Chairman: Stan Bharti, Joe Milbourne, and

George Faught). Aberdeen International,

subscribes for $7 MM. Proceeds to convert

Libertad from heap leach to mill operation

and exploration


Gold Price: US$740/oz US$925/oz US$750/oz US$950/oz

29-Jan-08

Reports positive drilling

results at Limon (depth and

strike extension)

8-May-08

Announces positive

Libertad Feasibility Study

28-Mar-08

Receives full environmental

approval for Libertad Mine

2-Jul-08

Drills 15.4 m at 8.76

g/t Au at Limon

30-May-08

Announces US$22.5

MM debt financing

16-Oct-08

Bank terminates debt financing

due to Global Financial Crisis.

Proceeds intended to complete

Libertad construction.

24-Dec-08

Announces Linear Gold to

merge with Central Sun, 0.4

shares of Linear Gold per share

of Central Sun

27-Jan-09

Receives superior offer

from B2Gold, 1.28

shares of B2 per share

of Central Sun

30-May-08

Announces high grade

intercepts at Libertad

• Central Sun Mining emerged from restructuring as a focused growing junior producer – Post restructuring, Central Sun had exploration success on its large land package in

Nicaragua while also making significant process advancing Libertad to production

– Central Sun’s value creation was interrupted by the Global Financial Crisis, as its debt

finance was declined for Libertad part way through construction (US$31 of US$47 MM was spent)

• Central Sun maximized value for shareholders in this difficult situation through a merger with B2Gold

Value Creation Case Study: Central Sun Mining


Exploration Success and Developing Libertad

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Share Price History and Events


Gold Price: US$1,25/oz US$1,400/oz US$1,300/oz US$1,300/oz

15-Jun-10

Granted concession-

wide exploration

permit for Shahuindo

20-Jul-10

Commences

drilling activities

20-Sep-10

Expands mineralization at Shahuindo and identifies

potential to extend the mineralized corridor

24-May-11

Discovers new mineralized zone

at Shahuindo and announces

positive drill results

23-Nov-10

Reports continued

drilling success,

intersects 1.29 g/t

Au over 48 m

26-Mar-12

Identifies new parallel

mineralized structure at Central

Corridor (Shahuindo)

8-Nov-12

Enters $125 MM

project finance

mandate with

Credit Suisse

19-Sep-13

Receives development approval from

Peru's Ministry of Energy and Mines

21-May-14

Announces Rio Alto to acquire

Sulliden, Sulliden to receive 0.525

shares of Rio Alto and 0.10 shares of

SpinCo (East Sullivan and C$25 MM

cash) per Sulliden Share

16-Jun-11

Announce updated resource estimate,

increasing oxides 121% to 1.97 MM oz Au

and sulphides 397% to 1.44 MM oz Au

26-Sep-12

Announces positive Shahuindo

Feasibility Study

7-Dec-11

Purchases 1.5% NSR on

Shahuindo for US$11 MM

8-Nov-12

Agnico Eagle makes strategic

investment C$24 MM


Value Creation Case Study: Sulliden Gold Corp.

Resource Growth and Advancing to Construction

• Sulliden significantly grew resources at Shahuindo, delivered a robust feasibility,

obtained environmental license and was in advanced stages of permitting and project

finance at the time of the transaction.

• In May 2014, Rio Alto Mining and Sulliden announced a merger,

valuing Sulliden at ~C$400 MM (at closing)

Overview 336 hectares in the Abitibi region of Quebec, Canada

Property located 2 km north of Cadillac Break, a major fault zone in the Val-d’Or district

History Underground base metal mine operated on the property from 1949-1966

Exploration 1950s: Exploration work revealed a gold-bearing zone about 900 m from the mine shaft.

1980s: Two companies conduct follow-up drilling on the gold target (98 holes, 11,500 m)

180 holes (22,768 m) of surface and underground diamond drilling define the gold zone

2013: Sulliden begins to index all historical geological data related to the gold zone

Development Strategy Phase 1: Completion of historical data compilation (~$150,000)

Phase 2: Follow-up on mineralized trend identified with historical drilling, as well as larger NQ core drilling program in a denser drilling array (~$2 million)


Current Project Portfolio

East Sullivan Project Val-d’Or, Quebec


East Sullivan Property Location


Transversal Section 6600E

Selected intercepts from section 6600E

2.1 g/t gold over 10m, including 4.4 g/t over 2.8m

4.2 g/t gold over 5.2m, including 10.7 g/t over 1.9m

6.8 g/t gold over 7.2m, including 16.8 g/t over 2.7m

Shearzone


Management & Board with Proven Track Record

Management Team

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

Former President and Director of Sulliden Gold, Senior mining analyst at Cormark and Managing Director Global Mining Sales at NBF

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

Former CEO Sulliden Gold, Central Sun Mining and COO of Desert Sun Mining

Joe Milbourne, FAusIMM, VP Operations & Technical Services Metallurgist with +40 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 +25 yrs experience in gold exploration

Extensive experience in Central and South America, particularly in Peru

Board of Directors

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

Former CEO Sulliden Gold, Central Sun Mining and COO of Desert Sun Mining

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

Justin Reid, MSc., MBA, President & CEO; Director

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

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

TSX: SMC www.sulliden.com

Sulliden Mining Capital Inc.

65 Queen Street West

Suite 800

Toronto, Ontario

M5H 2M5 Canada

Investor Relations

Caroline Arsenault

+1 (416) 861-5805

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