Sulliden Mining Capital Announces AGM Results

TORONTO, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Sulliden Mining Capital Inc. ("Sulliden" or the "Company") (TSX:SMC) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the Management Information Circular dated December 15, 2017 for the 2018 Annual and General Meeting of Shareholders of the Company (the "Meeting") were elected as directors of the Company. 49.5% of all of the issued and outstanding shares of the Company were represented at the Meeting. 

Detailed results of the vote for the election of directors held at the Meeting on January 17, 2018 in Toronto, Ontario are set out below.

Election of Directors

The shareholders approved the election as directors of the persons listed below, based on the following vote.

Mr. Justin Reid and Mr. Peter Tagliamonte had been nominated as directors but ultimately declined the nomination as they have left Sulliden to focus on the development of the Troilus Gold Project, which is held by Sulliden's largest investee company Troilus Gold Inc. (TSXV:TLG)

Shareholders at the annual meeting also approved the appointment of the Company's auditors.

Sulliden's board would like to express its gratitude to its shareholders for their continued support.

Update on Emerita Investment

As part of the private placement financing completed by Emerita Resources Corp. (TSX-V:EMO) ("Emerita") on December 20, 2017, Sulliden acquired 2,500,000 Emerita common shares and 1,250,000 share purchase warrants, with each warrant entitling Sulliden to acquire one Emerita common share upon payment of $0.20. Details of the financing can be found in Emerita's press release dated December 20, 2017. Following the private placement and the expiration of 2,000,000 share purchase warrants that Sulliden previously purchased, Sulliden presently holds 9,610,000 common shares and 2,250,000 warrants. Accordingly, Sulliden's securityholdings represent approximately 6.84% of Emerita's issued and outstanding common shares and 8.30% on a partially diluted basis and Sulliden has ceased to be an insider of Emerita. Sulliden has filed under Emerita's profile on SEDAR an early warning report in respect of these trades.

Sulliden Mining Capital Inc.

For more information:
Deb Battiston
Chief Financial Officer
+1 (416) 861-2267

Cautionary statement 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 development of the Troilus Gold Project.  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 risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.sulliden.com.  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.