Excelsior
Indicated Resource of 3.
September 1 st , 2011
Excelsior Mining Corp. (TSX-V: MIN) to announce that today it has filed a 31, 2011 on SEDAR at www.sedar.com on the North Star Deposit, announced in a July 19, 2011 press release changes in the resource estimate from the July 19 (Cu) resource of 3.21 billion pounds resource of 0.88 billion pounds Cu to the Report for further details on the resource estimate Gunnison Copper Property located with
Excelsior’s exploration work on the Gunnison Property is supervised by Stephen Twyerould, Fellow of AUSIMM, President and CEO of Excelsior and a Twyerould has reviewed and approved
About Excelsior
Excelsior is an exploration and development company with a 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 consists of experienced professionals with proven t rack record production.
Further details about Excelsior can be found at:
ON BEHALF OF THE EXCELSIOR BOARD
T: 604-681-8030
F: 604-681-8039 www.excelsiormining.com
Cautionary Note Regarding Forward-Looking Information
Information set forth in this news release may invo lve forward statements are statements that relate to future, no t past, events. In business and financial performance, and often conta in words such as "anticipate", "believe", "plan", " estimate", "expect", an statements that an action or event "may", "might other than statements of historical fact, included herein including, without limitation; statements ab out future exploration development of the Gunnison Project are forward unknown risks, uncertainties and other factors whic h may cause our actual results, performance or achi evements, or other futu be materia lly different from any future results, performance or achievements expressed or implied by such forward factors include, among others, the following risks: the need for additional financing; operational ris ks associated with mine fluctuations in commodity prices; title matters; en vironmental liability claims and insurance; relianc e on key personnel; the conflicts of interest among certain officers, direc tors or promoters with certain other projects; the the volatility of our common share price and volume and the additional risks identified the management discussion and analysi our interim and most recent annual financial statem ent or other reports securities regulations. Forward- looking statements are made based on management's b eliefs, estimates and opinions on the date that
NEWS RELEASE
Excelsior Files Technical Report for
Indicated Resource of 3. 2 Billion Pounds Oxide Copper at North Star
(TSX-V: MIN ) (Frankfurt: 3XS) V: MIN) (Frankfurt: 3XS) (OTCQX: EXMGF) (“ Excelsior that today it has filed a National Instrument (NI) 43- 101 Technical Report www.sedar.com . The Report is with respect to Excelsior’s announced in a July 19, 2011 press release . The Report confirms no from the July 19 th release, which stated an indicated billion pounds (511 million tons at 0.31% Cu) and an additional inferred billion pounds Cu (159 million tons at 0.28% Cu) for the North Star Deposit.
on the resource estimate . The North Star Deposit is part of the Copper Property located with in the copper porp hyry belt in southern Arizona.
Excelsior’s exploration work on the Gunnison Property is supervised by Stephen Twyerould, Fellow of AUSIMM, President and CEO of Excelsior and a Qualified Person as defined by NI 43 approved the technical information co ntained in this news release.
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 potential, is intended for near -term production. The Excelsior team consists of experienced professionals with proven t rack record s of advancing projects towards Further details about Excelsior can be found at: http://www.excelsiormining.com .
ON BEHALF OF THE EXCELSIOR BOARD
"Stephen Twyerould" President & CEO
Looking Information
Information set forth in this news release may invo lve forward -looking statements under applicable securities laws . Forward statements are statements that relate to future, no t past, events. In this context, forward- looking statements often address expected future business and financial performance, and often conta in words such as "anticipate", "believe", "plan", " estimate", "expect", an 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 ab out future exploration Project are forward -looking statements. By their nature, forward- looking statements involve known and unknown risks, uncertainties and other factors whic h may cause our actual results, performance or achi evements, or other futu lly different from any future results, performance or achievements expressed or implied by such forward factors include, among others, the following risks: the need for additional financing; operational ris ks associated with mine fluctuations in commodity prices; title matters; en vironmental liability claims and insurance; relianc e on key personnel; the conflicts of interest among certain officers, direc tors 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 analysi our interim and most recent annual financial statem ent or other reports and filings with the TSX Venture Exchange and appli cable Canadian looking statements are made based on management's b eliefs, estimates and opinions on the date that
Billion Pounds Oxide Copper at North Star) (Frankfurt: 3XS) (OTCQX: EXMGF) Excelsior ”) is pleased 101 Technical Report dated August Excelsior’s resource estimate The Report confirms no release, which stated an indicated oxide copper and an additional inferred for the North Star Deposit. Refer The North Star Deposit is part of the hyry belt in southern Arizona.
Excelsior’s exploration work on the Gunnison Property is supervised by Stephen Twyerould, Fellow of Qualified Person as defined by NI 43 -101. Mr.
ntained in this news release.
copper project located within the copper porphyry belt of Arizona. The Gunnison Copper Project is located close to the required infrastructure term production. The Excelsior team of advancing projects towards
looking statements under applicable securities laws . Forward -looking looking statements often address expected future business and financial performance, and often conta in words such as "anticipate", "believe", "plan", " estimate", "expect", an d "intend", ", "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 ab out future exploration on and the looking statements involve known and unknown risks, uncertainties and other factors whic h may cause our actual results, performance or achi evements, or other futu re events, to lly 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 ris ks associated with mine ral exploration; fluctuations in commodity prices; title matters; en vironmental liability claims and insurance; relianc e on key personnel; the potential for absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysi s section of and filings with the TSX Venture Exchange and appli cable Canadian looking statements are made based on management's b eliefs, estimates and opinions on the date that statements are made and the Company undertakes no o bligation to update forward-looking statements if t hese beliefs, estimates and opinions or other circumstances should change, exce pt as required by applicable securities laws. Inves tors are cautioned against attributing undue certainty to forward-looking statements.
Cautionary Note Concerning Reserve and Resource Estimates
This press release uses the terms “reserves”, “reso urces”, “proven reserves”, “probable reserves”, “me asured resources”, “indicated resources” and “inferred resources”. United States investors are advised that, while such terms are r ecognized and required by Canadian securities laws, the United States Securities and E xchange Commission (the “SEC”) does not recognize t hem. Under United States standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at t he time the reserve determination is made. Mineral resources that are not mineral reserves do not have demonstrated economic viability. United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. Inferred Resources are in addition to Me asured and Indicated Resources. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgrad ed to a higher category. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred resources exist, or that they can be mined legally or economically. Disclosure of “contained ounces” is permitted disclosure under Canadian regulations, however, the SEC normally only permits issuers to report “resources” as in place t onnage and grade without reference to unit measures. Accordingly, information concerning descriptions of mineralization and resources contai ned in this release may not be comparable to inform ation made public by United States companies subject to the reporting and disclosure requirements of the SEC.
National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) is a rule develo ped by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific an d technical information concerning mineral projects. Unless otherwise indicated, all reserve and resource estimates referred to in this press release or released by the Company in the future have been or will be prepared in accordance with NI 43-101 and the Canadian Inst itute of Mining, Metallurgy and Petroleum Classification System. The requirements of NI 43-101 are not the same as those of the SEC a nd any reserves reported by the Company in compliance with NI 43-101 may not qualify as reserves under the SEC’s standards.
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 fo r the adequacy or accuracy of this release, and no securities regulatory authority has either approved or disapproved of the contents of this release.