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2008 News Releases

Excelsior Mining Corp. Announces Closing of Initial Public Offering (CPC)

Vancouver, British Columbia--(February 20, 2008) - Excelsior Mining Corp. (the "Corporation") is pleased to announce that it has completed its initial public offering of 6,000,000 common shares, at a price of $0.10 per common share, for aggregate gross proceeds of $600,000 (the "IPO"). The Corporation will commence trading as a Capital Pool Company on the TSX Venture Exchange on Wednesday February 20, 2008 under the trading symbol "MIN.P". Leede Financial Securities Inc. acted as agent on the IPO.

As a result of the closing of the IPO, the Corporation now has 8,800,000 common shares issued and outstanding with 500,000 common shares reserved for issuance pursuant to the exercise of agent's options and 880,000 common shares issuable upon the exercise of stock options.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Julie Bolden
Excelsior Mining Corp.
Corporate Secretary
(604) 681-8030