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QGR.V ·

“Company”) announces that as a result of a private placement financing of Q-Gold Resources Ltd.

Financings

FOR IMMEDIATE RELEASE

July 9, 2018, Toronto, Ontario – Sulliden Mining Capital Inc. (TSX: SMC) (“Sulliden” or the

“Company”) announces that as a result of a private placement financing of Q-Gold Resources Ltd.

(TSX-V: QGR) (“Q-Gold”) that closed on July 4, 2018, the details of which can be found in Q-Gold’s

press release dated July 4, 2018, Sulliden owns 2,500,000 Common Shares and 2,500,000 warrants

which represents 12.9% of Q-Gold on an issued and outstanding basis or 25.8% on a diluted basis.

Sulliden completed this private placement for investment purposes and may buy or sell Q-Gold

securities in the future. In connection with the Q-Gold financing, Aberdeen has given an

undertaking not to exercise any warrants if such exercises would result in Aberdeen holding 20% or

more of the outstanding common shares of Q-Gold.

About Sulliden Mining Capital

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.

Sulliden Mining Capital Inc.

On behalf of the Board

“Stan Bharti”

Interim Chief Executive Officer

For more information:

Caroline Arsenault

Investor Relations Manager

+1 (416) 861-5805

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, but is not limited to, statements with respect to the future

financial or operating performance of the Company, Sulliden’s possible future trading and intentions, valuations of

investments, proposed transactions and investments, investment philosophy and liabilities and commitments.

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 statements 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: financing not

being available at desired prices; general business, economic, competitive, political and social uncertainties; and

other general risks of the mining and investment industries. 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.

THE TSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE

This news release does not constitute an offer to sell or a solicitation of an offer to buy 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, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and

applicable state securities laws or an exemption from such registration is available.