Mr. Stephen Twyerould reports

EXCELSIOR MINING ANNOUNCES AGM RESULTS

The nominees listed in the management information circular for the 2023 annual general and special meeting of shareholders have been elected as directors of Excelsior Mining Corp. Detailed results of the vote for the election of directors held at the annual general and special meeting on June 22, 2023, in Vancouver, B.C., are set out in an attached table.

Shareholders at the annual general and special meeting also voted in favour of: (i) setting the number of directors at five; (ii) appointing PricewaterhouseCoopers LLP as auditor; (iii) approving the company's stock option plan; (iv) approving the company's restricted share unit plan; and (v) approving Excelsior's performance share unit plan.