MIN

Excelsior Mining Corp. (TSX VENTURE:MIN)(OTCQX:EXMGF)(FRANKFURT:3XS)
("Excelsior" or the "Company") announces that it will re-price 5,147,333
incentive stock options issued to directors, officers, employees and consultants
of the Company. The options were originally granted between October 2010 and
February 2012 at prices ranging from $0.50 to $0.73. The new exercise price for
these options will be $0.30 per share. The re-pricing of the options is subject
to the approval of the TSX Venture Exchange and no options may be exercised at
the new price until such approval is obtained. In addition, as required by TSX
Venture Exchange policies, the re-pricing of any options held by insiders is
subject to disinterested shareholder approval. The Company intends to seek such
disinterested shareholder approval at the Company's 2014 annual general meeting
of shareholders and insiders may not exercise options at the new price until
such approval is obtained.


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

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated
developments and events that may occur in the future. 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 advancement of the
Company's mineral properties and disinterested shareholder approval for the
repriced options being sought at the 2014 annual general meeting of shareholders
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 in 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 regulators. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Excelsior Mining Corp.
JJ Jennex
Vice President, Corporate Affairs
604-681-8030 x240
info@excelsiormining.com
www.excelsiormining.com

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