I know, i was watching it and left for an hour when it happened...anyhow no big deal I have alot but may grab a bit more. I also did not expect quite the pull so even though I know PG doesn't normally reply to inquires I made one anyhow and he was very nice to reply and say he is not aware of anything negative and directed the reply to Excelsior and I received the following reply which gives an explanation and reafirms why I've being loading up....so missed a flip....things happen ..lol....anyhow here's the reply....

Hello Chris,

Peter Grandich asked me to respond to your most recent email to him concerning Excelsior.

I have just returned from the PDAC mining conference. I spent a week in Toronto and most of this involved meetings with brokerage firms, investment funds and private wealth investors. Without exception the reception to our story remains positive.

To answer your question, there is no negative news forthcoming that is currently affecting our share price – absolutely none. However, I can point to two things that could be affecting our market. Firstly, we have 3 million warrants that are priced at $0.65. These warrants will expire on April 13. Some of these warrants are being exercised and it is likely that they are being sold into our market. The good news is that in about a month this overhang will be eliminated. Secondly, the only other company in the world that has a large copper resource that is being developed as an in-situ mine, Curis Resources, has seen its market valuation erode largely because of permitting and rezoning concerns. Although our two companies are often linked because of the nature of our projects, we will do our best to demonstrate that Excelsior’s remote location and proximity to an existing operational copper mine almost guarantees that we will never encounter the same type of community issues. We have actually already begun our community out-reach programs and we are very confident that our efforts will prove successful.

Having spent well over ten years in this industry, I want you to know that I have never worked on a project that gave me this much confidence. Early this week, we announced the commencement of our Pre-Feasibility; we look forward to the completion of this key document and combined with increasing market awareness, I have no hesitation in saying that Excelsior is poised for a very strong year.

Best wishes, and feel free to contact me at any time.

JJ Jennex, B.A.Comm.,

VP Corporate Affairs

1240 - 1140 West Pender Street

Vancouver, BC, Canada V6E 4G1

Tel: 604-681-8030 (ext. 240)

Cell: 604-723-1433

Fax: 604-681-8039

E-mail: jjennex@explorationgroup.com

www.excelsiormining.com