West Excelsior Enterprises Inc.
PINK SHEETS : WEXE

West Excelsior Enterprises Inc.

November 23, 2006 01:24 ET

West Excelsior Enterprises Inc. Completes Financing and Meets its Option Agreement Commitments

LAS VEGAS, NEVADA--(CCNMatthews - Nov. 23, 2006) - West Excelsior Enterprises Inc. (PINK SHEETS:WEXE) is pleased to announce that it has completed a non-brokered private placement for 343,750 restricted common shares at a price of $.80 per share for total proceeds of $275,000.

The Company is pleased to see the conclusion of this non-brokered private placement, which now allows the Company to commence conclusion of its obligations under the Option Agreement to Acquire 100% interest in the Santa Maria property in the Sierra Madre del Sur Province, Mexico.

The terms whereby the Company has the right to acquire 100% interest in the Santa Maria Property are as follows:

(a) The Optionee shall pay to the Optionor a payment of US $125,000 no later than 60 days after signing this Letter Agreement and a second payment of US $125,000 no later than 120 days after signing this Letter Agreement. Optionee will complete fieldwork commitments of US $100,000 on direct exploration to the Property in the first year commencing by signing this letter agreement;

(b) On the first anniversary of signing the Agreement Letter, the Optionee shall pay to the Optionor US $125,000.00 and 400,000 common shares. Optionee will complete fieldwork commitments of US $200,000 on direct exploration to the Property during the second year;

(c) On the second anniversary of signing the Letter Agreement, the Optionee shall pay to the Optionor US $200,000.00 and issue 800,000 common shares. Optionee will complete fieldwork commitments of US $300,000 on direct exploration on the Property during the third year;

(d) The Optionee shall pay to the Optionor US $500,000.00 and 1,200,000 common shares on the third anniversary of the signature of the Agreement Letter.

(e) The Optionee shall pay to the Optionor US $1,000,000 and 2,000,000 common shares on the fourth anniversary of the signature of the Agreement Letter.

Mr. Kotni Rao, the Company's new President and CEO states, that "he is very pleased to see this private placement complete in a very timely fashion as it now puts the Company well ahead of schedule, thus allowing us to focus our attention on our exploration program."

The Company would also like to state, that it has received numerous complaints and reports about spam received in regards to the trading of the shares of the Company and the Company would like its shareholders to know that it does not consent, approve, or endorse in any way, these unsolicited promotional activities.

About West Excelsior www.westexcelsior.com

West Excelsior Enterprises is a junior exploration company actively acquiring, exploring, and developing early stage mineral resource properties. The Company is currently focusing on projects in Mexico and East Africa.

On Behalf of the Board of Directors,

Kotni Rao, President

This press release may contain certain forward-looking information and statements concerning the company's operations, performance and financial condition. These statements are based upon a number of uncertainties and contingencies, many of which are beyond the control of the company. Actual results may differ materially from those expressed or implied by such forward-looking statements. This document is not intended to be and is not an advertisement for any securities of the company.

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