January 13, 2011
Excelsior Mining Corp. (TSX-V: MIN) (“Excelsior”) is pleased to announce the appointment of Mr. Aberra Getahun, Ph.D., as General Manager Production and Permitting. Dr. Getahun has 25 years of experience involving fluid-rock interaction and metal transportation. His focus has been on hydrogeology, in-situ solution mining, environmental impact assessment, acid generating and neutralizing capacity, and permitting. Dr. Getahun holds a Ph.D. in Aqueous Geochemistry from the University of Oregon.
Dr. Getahun has been involved in a variety of projects internationally and has worked on the Florence Copper Project located approximately 100 miles from Excelsior’s Gunnison Copper Project. Florence is now being developed by Curis Resources Ltd as an in-situ recovery (ISR) project. Dr. Getahun developed and explored various geochemical models for copper leaching and extraction for an in-situ mining program. As two-thirds of the copper at Gunnison occurs as oxide copper, it also has the potential to be mined using ISR methods.
“We are very pleased that Aberra has joined our team,” says Stephen Twyerould, President & CEO of Excelsior. “His academic and professional experience will be invaluable in taking our Gunnison Copper Project through the development phase and into production.”
Excelsior is granting to Dr. Getahun, under the terms of its amended stock option plan, options to purchase up to 200,000 common shares at a price of CDN $0.60 per share. The options are subject to vesting over a one year period and have a five year term.
Excelsior is an exploration and development company with a copper project located within the copper porphyry belt of Arizona. The Gunnison Copper Project is located close to the required infrastructure and with its in-situ recovery potential, is intended for near-term production. The Excelsior team consists of experienced professionals with proven track records of advancing projects towards production.
Further details about Excelsior can be found on Excelsior’s website at: http://www.excelsiormining.com.
ON BEHALF OF THE EXCELSIOR BOARD
President & CEO
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
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