Acquisition of a mining property in Montauban (Batiscan)



    QUEBEC CITY, July 7 /CNW Telbec/ - EXCEL GOLD MINING INC. (TSX
Venture: EGM) Excel Gold Mining Inc. (herein referred to as "Excel" or the
"Company"), announces that it has reached an agreement to acquire 100%
interest in a mining property in Montauban (Batiscan), Province of Quebec (the
"Property"), from Mrs. Denyse Raynault, residing at 1420, Bernard Avenue West,
Suite 17, Outremont, Province of Quebec, H2V 1W3, a party dealing at arm's
length with the Company, further to a letter of intent disclosed in the
Company's June 4, 2008 press release.
    Pursuant to an asset purchase agreement dated June 25, 2008 (the
"Agreement"), Excel has acquired all rights, title and interest in the
Property in consideration for the allotment and issuance of 8,000,000 units
(the "Units"), each Unit comprising one fully-paid and non-assessable common
share in the capital stock of the Company valued at $0.20 (the "Shares") and
one half (1/2) share purchase warrant, each full warrant (the "Warrants")
allowing its holder to purchase one Share at a price of $0.22 per Share for a
period of twenty-four (24) months following the date of the execution of the
Agreement (the foregoing being collectively referred to as the "Transaction").
    The Shares and Warrants shall be issued in reliance of the exemption set
forth in Section 2.13 (shares issued in consideration for the acquisition of a
mining property) of Regulation 45-106 respecting prospectus and registration
exemptions (Quebec).

    The Property
    ------------

    The Property claims consist in the mining rights relating to a property
called "Montauban" which is composed of 117 mining titles covering
4,603.78 hectares (the "Mining Titles"). The Property is located in the
Montauban and Chavigny region together with the west section of La Seigneurie
de Grondines, Comté de Portneuf, Province of Quebec, at 120 km west of the
City of Quebec and 50 km north east of the City of Trois-Rivieres, Province of
Quebec.
    A formal technical report was prepared pursuant to Regulation 43-101
respecting standards of disclosure for mineral projects with respect to the
Mining Titles, identifying gold, silver, copper, zinc and lead as the minerals
present therein.
    With the acquisition of the Property, Excel is establishing itself as an
influential player in the mineral industry and is forging its own path towards
potentially becoming an essential supplier of hydrocarbons.

    The completion of the Transaction is subject to the receipt of all
required approvals, including, without limitation, approval by the TSX Venture
Exchange Inc.

    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.

    This release has been prepared by management - TSX Venture Exchange has
    not reviewed and does not accept responsibility for the adequacy or
    accuracy of this news release.




For further information:

For further information: Daniel Pauzé, President, Excel Gold Mining
Inc., (514) 951-7776

Organization Profile

EXCEL GOLD MINING INC.

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