Mr. Stephen Twyerould reports

EXCELSIOR FILES FINAL BASE SHELF PROSPECTUS

Excelsior Mining Corp. has filed a final base-shelf prospectus with the securities regulatory authorities in each of the provinces of Canada (other than Quebec).

The shelf prospectus will enable Excelsior to make offerings of up to $30-million (U.S.) of any combination of common shares, debt securities, subscription receipts, units, warrants and share purchase contracts, during the 25-month period that the shelf prospectus, including any amendments thereto, remains valid. The nature, size and timing of any such financings (if any) will depend, in part, on Excelsior's assessment of its financing requirements and general market conditions. Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities will be used for the company's working capital requirements and for the development, construction and maintenance of the company's mineral properties. The specific terms of any future offering will be established in a prospectus supplement to the shelf prospectus, and this supplement will then be filed with the applicable Canadian securities regulatory authorities.

A copy of the shelf prospectus is available on SEDAR and also may be obtained by contacting the corporate secretary of the company at 1240, 1140 West Pender St., Vancouver, B.C., Canada, V6E 4G1, or telephone 604-681-8030.

About Excelsior Mining Corp.

Excelsior Mining, the copper solution company, is a mineral exploration and development company that is advancing the Gunnison copper project in Cochise county, Arizona.

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