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Excelsior Mining Announces Retirement of Director

PHOENIX, Arizona–(Newsfile Corp. – March 31, 2023)- Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQB: EXMGF) (“Excelsior” or “Company”) announced that long-time Director Sir Robin Renwick will retire from the Company’s Board effective 31 March 2023. Lord Renwick has elected to retire for reasons of age, as well as other public board positions. First appointed in 2014, Lord Renwick has made valuable contributions as a member of our Board of Directors for over eight years.

Fred Duvall, Chairman of the Board of Directors of the Company, said: We wish him and his family the best of luck after his retirement. “

About Excelsior Mining

Excelsior”Copper Solution Companyis a mineral exploration and production company that owns and operates the Gunnison Copper Project in Cochise County, Arizona. The project is a low-cost, environmentally friendly, on-site recovery copper extraction project that produces 125 million pounds of copper annually. Cathode permits Excelsior also owns a portfolio of exploration projects, including the previously producing Johnson Camp Mine and the Peabody Sill, Strong and Harris deposits.

For more information on Excelsior, please visit www.excelsior.com. www.excelsiormining.com.

For more information about this press release, please contact:

Excelsior Mining Corporation
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, Arizona, 85018.

Sean Westcott
Phone: 604.365.6681
E: info@excelsiormining.com
www.excelsiormining.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” regarding anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements regarding future production and capacity from our minerals projects.

In some cases, forward-looking information is “planned”, “expected” or “not expected”, “budgeted”, “scheduled”, “estimated”, “forecast”, “intended” It can be identified using words such as ‘, ‘expect’, ‘unexpect’ or ‘believe’ or any variation of such words or phrases or any particular action, event or outcome that ‘could’ or ‘could’ , “may”, “may”, “will occur” implying future results or other expectations, beliefs, plans, objectives, assumptions, intentions or statements regarding future events or performance Or “achieved”. Forward-looking information contained in this news release includes, among other things, the availability of financing for the implementation of our business plans, estimates of mineral resources and mineral reserves, and the realization of resources and reserve estimates. based on the factors and assumptions of Expectations and expected impact of the COVID-19 outbreak, prices of copper and other metals, timing and amounts of future development spending, estimates of initial and ongoing capital requirements, estimates of labor and operating costs (acid prices labor, materials, acid supply availability, receipt and compliance with required regulatory approvals and permits, insurance coverage estimates, currency fluctuations, environmental risks, title disputes or claims assumptions, and other Similar issue. We believe these assumptions are reasonable based on currently available information, but they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and the Company’s actual results, performance or achievements that may be expressed or implied by the forward-looking information. and other factors that can vary significantly. Such factors include the risks associated with changes in project parameters as plans continue to be redefined, including the potential for mining operations at the Gunnison Copper Project not to be maintained, which are inherent in the construction and operation of mineral deposits. Risks, including risks associated with mineral fluctuations. risks related to resources and reserves, grade or recovery, ability to access infrastructure; risks related to changes in copper and other commodity prices; and risks related to global supply and demand for copper and related products. , the risks associated with increasing competition in the market for copper and related products, the risks associated with the current global financial conditions, and the impact of COVID-19 on our business. , uncertainties inherent in estimating mineral resources, access and supply risks, ability to access acid supplies on commercially reasonable terms, reliance on key personnel, risk of accidents, labor disputes, capital costs. and operational risks inherent in conducting mining activities, including the risk of delays or increased costs. risks encountered during the construction or mining process; regulatory risks, including the risk that permits may not be obtained in a timely manner or at all; financing, capitalization and liquidity risks; disputes over property ownership and interest; risks associated with, environmental and additional risks identified in the “Risk Factors” section of our reports and applicable Canadian securities regulatory filings.

Although we have attempted to identify important factors that could cause our actual actions, events or results to differ materially from those set forth in the forward-looking information, we do not anticipate any future actions, events or results. , estimates, or other factors that may cause it to differ from expectations. was intended. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is current as of the date of this news release. We undertake no obligation to publicly update or revise any forward-looking information, except as required by applicable securities laws.

To view the source version of this press release, please visit: https://www.newsfilecorp.com/release/160659

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