Excel Gold Mining Inc.
TSX VENTURE : EGM

Excel Gold Mining Inc.

June 26, 2009 13:16 ET

Excel Gold Mining Inc. ("Excel or the "Company") Receives Approval From the TSX Venture Exchange for the Acquisition of the "Batiscan II" Mining Properties, ...

...and Also Wishes to Confirm That it Will Begin its Phase II Operation Plan in The Montauban Mining Camp

QUEBEC CITY, QUEBEC--(Marketwire - June 26, 2009) - EXCEL GOLD MINING INC. (TSX VENTURE:EGM) -

Today Excel Gold Mining Inc. announces that it has received Exchange approval for the acquisition of the "Batiscan II" mining properties (the "Acquisition"). As such, the Exchange issued a bulletin on June 25th, 2009 confirming that Acquisition.

In consideration hereof, the Company shall issue to the vendor 5,750,000 units (the "Units"), 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.

With this second property acquisition in the Montauban mining camp, Excel continues to consolidate and expand it's exploration potential, and prospecting activities in this region.

Phase II Operation plan

On Wednesday June 24th, it was the Province of Quebec's National Day "Saint-Jean Baptiste". For the occasion Excel's management and prospecting team visited both new mining properties "Batiscan I & II". Excel's CEO Mr. Patrick Lessard has expressed the following statement:

We have been involved and active for over a year in Montauban's Mining Camp. We have been conducting important researches and compiling of historical geologic data for which we have initiated Phase II of the Company's operation plan today. The next step consists of proceeding to further exploration activities in targeted areas of the properties, and more potential acquisitions in the camp in order to consolidate our position within the area."

Mr. Martin Harvey Excel's vice president stated the followings:

"I am very proud to be part of the Excel team, and to have visited our properties in our own country only 2 hours away from Montreal City, and feel and touch the ground of our promising lands on this symbolic day. We have visited the area and villages around, and felt we were part of the people. We would like to thank everyone for being so nice to us, and I trust that we will learn much more about them in all of our future developments."

We invite you to see pictures of the visit on site on our corporate Web site at www.excelgoldmining.com

The "Bastican II" Asset

The "Batiscan11" 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 "Purchased Rights"). 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.

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
    514-951-7776