May 18, 2010
Excelsior Mining Corp. (TSX-V: MIN) (“Excelsior”) is pleased to announce the appointment of Jay Sujir as a director of Excelsior effective May 14, 2010. Mr. Sujir is a securities and natural resource lawyer, who has considerable experience in advising and assisting public companies. He obtained his B.A. from the University of Victoria in 1981 and obtained his L.L.B. in 1985. He has been a lawyer in the law firm of Anfield Sujir Kennedy & Durno and its predecessor since August 1986 and has been a partner of that firm since 1991. Excelsior has granted to Mr. Sujir of incentive stock options to purchase up to 176,000 common shares of Excelsior at a price of $0.10 per share. The options will vest over a 12 month period and will be subject to the terms and conditions of Excelsior’s stock option plan. The options will expire on May 17, 2015.
Excelsior also announces the appointment of Sheila Paine as Corporate Secretary of Excelsior effective May 17, 2010. Ms. Paine has three years experience serving as CorporateSecretary and/or Assistant Corporate Secretary to public companies and also has over 18 years experience as a legal assistant, specializing in corporate, securities and regulatory matters.
ON BEHALF OF THE EXCELSIOR BOARD
"Mark J. Morabito"
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms of the Option Agreement and the 2010 exploration program, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Excelsior undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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