Excel Gold Mining Inc.
TSX VENTURE : EGM

Excel Gold Mining Inc.

July 21, 2009 13:15 ET

Excel Gold Announces that the Acquisition of the Montauban Mine is Now Completed

MONTREAL, QUEBEC--(Marketwire - July 21, 2009) - EXCEL GOLD MINING INC (TSX VENTURE:EGM)

Excel Gold Mining announces today that the acquisition of the Montauban Mine and 2 adjacent mining claims is now completed.

In return for a 100% of the mining rights and transferred rights in the mine and its 2 adjacent claims, Excel agrees to pay Golden Goose Resources a valued consideration of $150,000 plus a 1% Net Smelter Return (NSR) royalty, redeemable for $1,000,000 as previously disclosed in July 10th press release.

About "Montauban Mine"

The "Montauban Mine" consists of a mining lease and mining concession totalizing an approximate surface of 76,84 hectares. The mine is located at 3km south of the town of Notre-Dame-de-Montauban.

"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."

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