Peter Grandich Acquires Units of Excelsior Mining Corp. ("MIN.P-V")
5/6/2010 9:00:18 AM - NFD

VANCOUVER, BRITISH COLUMBIA, May 6, 2010 (Marketwire via COMTEX News Network) --

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Peter Grandich ("Mr. Grandich") announces that he has acquired 1,333,334 units ("Units") of Excelsior Mining Corp. ("Excelsior") at a price of $0.15 per Unit. Each Unit is comprised of one common share of Excelsior ("Common Shares") and one common share purchase warrant ("Warrant").

Mr. Grandich now beneficially owns or controls 1,333,334 Common Shares (approximately 7.72% of the issued and outstanding Common Shares) and 1,333,334 Warrants. Assuming exercise of all of the Warrants which Mr. Grandich beneficially owns and controls, Mr. Grandich would own or control approximately 14.35% of the Common Shares then issued and outstanding.

The Common Shares were acquired for investment purposes from the treasury of Excelsior.

Although Mr. Grandich has no present intention to increase his ownership, Mr. Grandich may increase or decrease his ownership of Excelsior from time to time based on investment considerations.

SOURCE: Peter Grandich

Peter Grandich 732-642-3992