Excelsior Announces Appointment of Chief Financial Officer

PHOENIX, ARIZONA--(Marketwired - Jan. 14, 2014) - Excelsior Mining Corp. (TSX VENTURE:MIN)(FRANKFURT:3XS)(OTCQX:EXMGF) ("Excelsior" or the "Company") is pleased to announce the appointment of Sonya Atwal, CGA as Chief Financial Officer of the Company, effective immediately. Ms. Atwal is a Certified General Accountant and has over nine years of accounting experience. She previously served as Chief Financial Officer of Excelsior from 2007 to 2011 and as Corporate Secretary from 2009 to 2010. She has also acted as Chief Financial Officer and Controller with numerous other public and private companies. Ms. Atwal also holds a BBA degree from the Southern Alberta Institute of Technology (SAIT) in Accounting and Information Technology.

The board of directors of the Company wish to thank Samuel Yik for his contributions to the Company during his tenure as Chief Financial Officer.

About Excelsior

Excelsior is a mineral exploration and development company that is advancing the Gunnison Copper Project. The Excelsior management team consists of experienced professionals with proven track records of advancing mining projects into production.

ON BEHALF OF THE EXCELSIOR BOARD

Stephen Twyerould, President & CEO

Neither the 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, and no securities regulatory authority has either approved or disapproved of the contents of this release.