Excel Gold Mining Inc.

Excel Gold Mining Inc.

June 09, 2009 08:00 ET

Another Acquisition by Excel Gold Mining Inc. of Mining Claims Property Located in the Montauban County Area, and Named 'Batiscan II'


Further to an announcement made by Excel Gold Mining Inc. (herein referred to as "Excel" or the "Company") on February 10th, 2009 regarding the signing of a letter of intent as to the purchase by Excel of more mining claims in the Montauban Mining Camp and named (for presentation purposes) "Batiscan II", Province of Quebec (the "Purchased Rights"), the Company wishes to confirm that it has, as of May 25th, 2009, purchased the Purchased Rights in consideration of the issuance of 5,750,000 units (the "Units") to the seller, each Unit comprising one fully-paid and non-assessable common share in the share capital of the Company valued at $0.08 (the "Share") and one half (1/2) share purchase warrant, each full warrant allowing its holder to purchase one Share at a price of $0.12 per Share for a period of twenty-four (24) months following the closing of the acquisition.

With this second acquisition of mining claims in the Montauban Mining Camp, Excel is establishing itself as an influential player in the mineral industry and is forging its own path towards potentially becoming an essential supplier of hydrocarbons.

The "Bastican II" Asset

The "Batiscan II" property claims consist in the mining rights relating to a property adjacent to the "Montauban Mine" which is composed of 140 mining titles covering 5,559.27 hectares. The Purchase Rights are located in the Montauban, Chavigny and Seigneurie de Grondines-Ouest County at 120 km west of the City of Quebec and 50 km north east of the City of Trois-Rivieres, Quebec.

Furthermore, a technical report (NI 43-101) is comprised and attached to the Purchased Rights.

For more information, please visit the Company Corporate Web Site at: www.excelgoldmining.com.

Forward-looking Statement:

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contact Information

  • Excel Gold Mining Inc.
    Patrick Lessard
    Interim President