Final Assay Results From The JCM Infill Drill Program

PHOENIX, AZ - Excelsior Mining Corp. reported on the final assay results from the infill drill program on the Johnson Camp mine pits (JCM) located in Cochise County, southeastern Arizona. Due to successful drilling in the NE corner of Burro pit, additional holes were added. The improved results will allow the Company to develop a mine plan that focusses on this new, higher-grade, mineralized zone. Permitting of the new leach pad to restart operations is in progress, however the additional drilling and metallurgical testing will push the Company's goal of restarting mining operations at JCM into 2023.

"These final assay results confirm that the infill drill results from the Burro pit are better than expected compared to existing data. Zones of significant thickness and grade have been intersected. The Company will now move into the final mine planning stages in order to make a decision on restarting mining operations at JCM," said, Roland Goodgame, Senior Vice President Business Development.