Excel Gold Mining Inc., Announces the Signing of a Letter of Intent for 100% Acquisition of the Montauban Mine and 2

MONTREAL, QUEBEC, Jul 10 (MARKET WIRE) --
EXCEL GOLD MINING INC. (TSX VENTURE: EGM)

Today Excel Gold Mining Inc. announced the signing of a letter of intent
with Golden Goose Resources for 100% acquisition of the Montauban Mine
including: 2 Adjacent Mining Claim Properties, in Province of Quebec.

The acquisition has been set for a valued consideration of $150,000 cash
and 1% in net smelter returns. Excel paid out a $10,000 deposit on
signature and the transaction will be completed when the balance payment
of $140,000 will be remitted to Golden Goose and following the approval
of TSX regulatory authorities'.

Excel Gold ceo Mr. Patrick Lessard indicated the following: "This
acquisition represents the key milestone element of our exploration
program, and one of the main values of this acquisition resides in the
granted mining lease and extraction production permits, as well as the
strategic position of the Montauban mine sitting at proximity of our
Batiscan 1 & 2 previously acquired properties."

About "Montauban Mine"

The "Montauban Mine" consists of a mining lease and mining concession
totalizing an approximate surface of 76,84 hectares. The mine is located
at 3km south of the town of Notre-Dame-de-Montauban.

About "Batiscan 1" Asset

Comprised in 119 claims, the "Batiscan I" property totalizes an
approximate surface of 5168 hectares. The property is located in the
Montauban and Chavigny townships near Grondine-Ouest in the Portneuf
County, Quebec. The property is easily accessable by road, at less than 2
hours drive from Montreal.

About "Bastican II" Asset

The "Batiscan II" is composed of 140 mining titles covering an
approximate surface of 6 435 hectares. The property is located in the
Montauban, Chavigny townships, at 120 km west of the City of Quebec and
50 km north east of the City of Trois-Rivieres, Quebec.

For more information, please visit the Company Corporate Web Site at:
www.excelgoldmining.com.

Forward-looking Statement:

This document contains certain forward looking statements which involve
known and unknown risks, delays, and uncertainties not under the
Company's control which may cause actual results, performance or
achievements of the Company to be materially different from the results,
performance or expectation implied by these forward looking statements.

"Neither 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."

Contacts:
Excel Gold Mining Inc.
Patrick Lessard
Interim President
514-951-7776

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