Senior mgmt and directors were at CXX

Wildhorse Property

The Property

The Property consists of 355 ha and is located approximately 40 kilometres north of Cranbrook, British Columbia in the Fort Steele Mining Division. Gold mineralization on the property was first located in 1892 and 1,000,000 ounces of gold were extracted in the late 1800’s. The Property is located within a major placer production area and it overlies three mineralized occurrences including:

Dardenelles (gold): Historically this area was known as the Dardenelles and Motherlode Crown grants which were surveyed by the Crown in 1898. An arrastra (mill) was built on nearby Victoria Creek to process gold-bearing massive quartz from two adits drifted on the Dardenelles claim at the end of the nineteenth century. A 95t bulk-sample of vein material was completed in 1975.

In 2008, Eagle Plains completed a 9-hole, 731m diamond drilling program designed to expand the known dimensions of the vein system. Drilling extended the known vein system both laterally and to depth.

Highlights inlcude:

• 1.21 gpt Au over 2.57m
• 2.12 gpt Au over 1.20m
• 13.90 gpt Au over 0.49m

Tit for Tat (gold): Located approximately 800m south of the Dardenelles occurrence, high grade vein mineralization has been reported.

Copper Creek (sedimentary copper-silver): Quartzite-hosted sedimentary copper-silver mineralization has been reported in rocks age-equivalent to those which host the Spar Lake and Montanore deposits located near Troy, Montana. During the 1970s, the Spar Lake mine produced 44 million tons of ore grading .74% copper and 53 g/t silver.

Claim Ownership
Option Agreement with Eagle Plains Resources Ltd.

Excelsior has the option to earn a 60% interest in the Wildhorse Property by issuing 1,000,000 shares, paying $250,000 in cash and incurring $3,000,000 in exploration expenditures over a timeframe of four years.

Excelsior may also elect to earn an additional 10% interest (to 70%) by issuing an additional 300,000 shares and by incurring an additional $1,000,000 in exploration expenditures.