Excel Gold Mining Inc.
TSX VENTURE : EGM

Excel Gold Mining Inc.

August 05, 2009 10:58 ET

Excel Gold Initiates its Strategical Development Program for the Exploration of Montauban Mining Camp

MONTREAL, QUEBEC--(Marketwire - Aug. 5, 2009) - EXCEL GOLD MINING INC (TSX VENTURE:EGM) is pleased to announce that it has initiated its strategic development program for the exploration of the Montauban mining camp.

Excel Gold is undertaking a series of inherent procedures for the set-up of (for marketing purpose) "BatiscanOre" project. Furthermore, Excel Gold is entering into a Call for Tender for proceeding to an environmental study, in conformity with environmental mining rules and policies in conjunction with the possible re-opening of the Montauban Mine, and geological evaluation of the "tailings" surrounding the mine area.

We invite Companies interested to submit their offers to Excel Gold management at:



info@excelgoldmining.com

Or

Langlois Kronstrom Desjardins LLP
Attn: Michel Lebeuf
1002 Sherbrooke St West, 27th floor
Montreal, Quebec, H3A 3L6


Finally, Excel Gold announces that it has entered in final negotiation phases with 2 different companies, for the management contract of the exploration works to be made on the properties, after the Geologists have completed the 43-101 Reports.

About Montauban Mining Camp

The Montauban Mining Camp represents a portion of the totality of the properties owned by Excel Gold in the Montauban region. These properties joined together cover a total surface area of more than 11 679.84 hectares divided in 261 mining claims, and a mining lease and a mining concession.

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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