march 2, 2015_sulliden to acquire coastal gold_transaction details

Transaction Overview

March 2015

TSX: SMC Hope Brook Gold Project Overview

& Transaction Highlights

March 2015

to acquire

2 TSX: SMC | www.sulliden.com

Cautionary Statements

Certain information contained in this presentation, including any information relating to the Transaction (including the anticipated

benefits of the Transaction), and statements that address events or developments that Sulliden or Coastal Gold expects to occur, are

"forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always,

identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates",

"projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may",

"could", "should" or "might" occur. Forward-looking statements include, but are not limited to, statements relating to completion and

timing of the acquisition of Coastal Gold, the delivery of the Hope Brook PEA, the upside potential of Hope Brook and the Hope Brook

mineral resource estimate and its potential to be enhanced. All such forward-looking statements are subject to important risk factors

and uncertainties, many of which are beyond Sulliden's or Coastal Gold's ability to control or predict. Forward-looking statements are

necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other

factors that may cause Sulliden's or Coastal Gold's actual results, level of activity, performance or achievements to be materially

different from those expressed or implied by such forward-looking statements. Assumptions upon which such forward-looking

statements are based on include the estimation of mineral resources, the availability of necessary financing and materials to continue

to explore and develop Hope Brook, that Sulliden and Coastal Gold will be able to satisfy the conditions contained in the Arrangement

Agreement, that the required approvals will be obtained from the shareholders of Coastal Gold, that all third party, court, regulatory and

governmental approvals to the Transactions will be obtained, including from the Exchange and all other conditions to completion of the

Transaction will be satisfied or waived. Many of these assumptions are based on factors and events that are not within the control of

Sulliden and Coastal Gold and there is no assurance they will prove to be correct. Such factors include, without limitation: capital

requirements; fluctuations in the international currency markets and in rates of exchange of metal prices; changes in national and local

government legislation in Canada or any other country in which Sulliden and Coastal Gold currently or may in the future carry on

business; taxation; controls, regulations and political or economic developments in the countries in which Sulliden and Coastal Gold do

or may carry on business; competition; loss of key employees; and additional funding requirements.

Any forward-looking statement speaks only as of the date on which it is made and Sulliden and Coastal Gold expressly disclaim any

intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise,

except in accordance with applicable securities laws. Although each of Sulliden and Coastal Gold believe that the assumptions

inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and

accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Qualified Person

Dr. Bill Pearson, President and CEO of Coastal Gold, is a qualified person as defined under National Instrument 43-101 – Standards of

Disclosure for Mineral Projects and has reviewed and approved the scientific and technical content of this news release.


Transaction Highlights

High Quality, Advanced Gold Project in Friendly Mining Jurisdiction

Coastal Gold’s Hope Brook Project is an advanced-stage gold project located in Newfoundland.

Excellent infrastructure including on site grid power, a good road network and a wharf.

Former producing mine (~750,000 oz Au, 1987-1997). Important mine infrastructure remains at site.

In the last three years, Coastal Gold has outlined a significant mineral resource, which can

immediately be taken to the engineering stage.

Excellent Mineral Expansion Potential

Indicated mineral resource of 5.5 Mt grading 4.77 g/t Au containing 844,000 oz Au*.

Inferred mineral resources of 836,000 t grading 4.11 g/t Au containing 110,000 oz Au*.

Resource covers about 1.5 km of an 8 km mineralized structure on its 25,000 ha land package.

Many targets already outlined will provide excellent short and long term exploration upside.

Fast-track Development Potential

Sulliden has the financial resources to advance the Hope Brook project to a potential

production decision, while continuing to expand the mineral resource.

Upon closing of the transaction, Sulliden intends to immediately initiate a PEA on the project.

Management Teams with Proven Track-Record

Sulliden’s strong technical team and its capital markets experience will greatly complement

the excellent geological work completed at Hope Brook.

Improved Market Presence

The Hope Brook project will become Sulliden’s cornerstone asset and will provide a re-rating

opportunity as a well funded development-stage company with a proven operating team

coupled with significant exploration potential.

*See slide 7 for details on the mineral resource estimate


“With our financial resources and the focus of a proven team, we believe that

the fast-track development of this project will generate tangible short and long

term value for our shareholders.” - Justin Reid, President & CEO of Sulliden

Transaction Summary

Proposed

Transaction

Sulliden to acquire all outstanding shares of Coastal Gold

Transaction value of approximately $4.06 M, including assumption of $1.25M in debt

Consideration

Sulliden to acquire each outstanding Coastal Gold common share for 0.05 of a

Sulliden share (the “Exchange Ratio”).

The Exchange Ratio represents $0.0166 per Coastal Gold common share, based on

Sulliden’s 60-trading day volume weighted average price ("VWAP") of $0.33.

Fairness opinion attests that Coastal Gold shareholders are receiving fair

consideration from a financial perspective.

Conditions

Coastal Gold shareholder vote (66 2/3% of shareholder votes cast and majority of

votes excluding certain related parties).

Customary regulatory and court approvals

Anticipated

Timing

Coastal Gold to hold a special shareholder meeting in mid April 2015

Closing expected by the end of April 2015

Other Terms

& Loan

Agreement

The directors of each company unanimously support the proposed transaction.

On March 1, 2015 Sulliden and Coastal Gold entered into a loan agreement whereby

Sulliden made available to Coastal Gold up to $150,000 (see press release dated March 2, 2015 for details)

Hope Brook Location

Excellent mining jurisdiction

Large 26,400 ha property

located in southwestern NFLD

Excellent infrastructure

from past-producing mine

Strong local labour force


Hope Brook Infrastructure

Hope Brook formerly produced

approximately 750,000 oz of gold

from 1987 to 1997, and important

mine infrastructure remains on site,

including:

Ramp to 350m below

surface and vent raise

Power from provincial

electrical power grid

Wharf on tide water

Existing tailings ponds

1.2km long air strip

Good Road Network

Air Strip

Wharf

Ramp Portal

Wharf Tailings Ponds

Power Grid

Airstrip



Hope Brook High-Grade Mineral Resource

Resource Category Tonnes

(Rounded) Gold Grade Contained Gold

Indicated (3.0 g/t Au cut-off) 5,500,000 4.77 g/t 844,000 oz

Inferred (3.0 g/t Au cut-off) 836,000 4.11 g/t 110,000 oz

High-Grade Underground Mineral Resource Estimate (January 2015)

* Details of the Mineral Resource can be found in the press release dated January 12, 2015. A NI 43-101 compliant Mineral

Resource Report was filed on February 24, 2015. High Grade Underground Mineral resource is included within mineral

resource released December 4, 2013. Dr. Bill Pearson, President and CEO of Coastal Gold, is a qualified person as

defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved

the scientific and technical content of this news release.


Hope Brook Long Section of Mineral Resource


Hope Brook Exploration Potential

The mineral resource covers

approximately 1.5 km of a mineralized

structure extending for at least 8 km

along strike on the property.

A number of targets have already been

outlined, which will provide excellent

exploration upside in the short and long

term.

Excellent geological work done to date

- very good understanding of controls

on mineralization, how to efficiently drill

resources and find new deposits and

extensions using geology, geophysics,

lithogeochemistry and 3D modeling

and interpretation.

Hope Brook Exploration Potential


Extensive mineralized system that is very under-explored

8 km gold

mineralized

structure

within Hope

Brook

concessions

Sulliden Mining Capital Inc.

Caroline Arsenault

Corporate Communications

+1 (416) 861-5805

For further information about Coastal Gold,

please visit www.coastalgold.ca or contact:

Coastal Gold Corp.

Rob Hopkins

Investor Relations Manager

+1 (416) 861-5899

march 2, 2015_sulliden to acquire coastal gold_transaction details

Investor Relations

forwardlooking statements

acquisition of coastal

shareholders of coastal

coastal golds ability

control of sulliden

hope brook pea

upside potential of

coastal golds actual