Excelsior Mining Corp.

Excelsior Mining Corp.

January 13, 2011 08:30 ET

Excelsior Welcomes General Manager Production and Permitting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 13, 2011) - Excelsior Mining Corp. (TSX VENTURE:MIN) -


Excelsior Mining Corp. ("Excelsior") is pleased to announce the appointment of Mr. Aberra Getahun, Ph.D., as General Manager Production and Permitting. Dr. Getahun has 25 years of experience involving fluid-rock interaction and metal transportation. His focus has been on hydrogeology, in-situ solution mining, environmental impact assessment, acid generating and neutralizing capacity, and permitting. Dr. Getahun holds a Ph.D. in Aqueous Geochemistry from the University of Oregon.

Dr. Getahun has been involved in a variety of projects internationally and has worked on the Florence Copper Project located approximately 100 miles from Excelsior's Gunnison Copper Project. Florence is now being developed by Curis Resources Ltd as an in-situ recovery (ISR) project. Dr. Getahun developed and explored various geochemical models for copper leaching and extraction for an in-situ mining program. As two-thirds of the copper at Gunnison occurs as oxide copper, it also has the potential to be mined using ISR methods.

"We are very pleased that Aberra has joined our team," says Stephen Twyerould, President & CEO of Excelsior. "His academic and professional experience will be invaluable in taking our Gunnison Copper Project through the development phase and into production."

Excelsior is granting to Dr. Getahun, under the terms of its amended stock option plan, options to purchase up to 200,000 common shares at a price of CDN $0.60 per share. The options are subject to vesting over a one year period and have a five year term. 

About Excelsior

Excelsior is an exploration and development company with a copper project located within the copper porphyry belt of Arizona. The Gunnison Copper Project is located close to the required infrastructure and with its in-situ recovery potential, is intended for near-term production. The Excelsior team consists of experienced professionals with proven track records of advancing projects towards production.

Further details about Excelsior can be found on Excelsior's website at: http://www.excelsiormining.com.


Stephen Twyerould, President & CEO

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms of the Transaction and final Exchange approval are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Excelsior undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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.

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