Excelsior Mining Corp.: Excelsior Mining Announces Closing of Bought Deal Financing and Full Exercise of Over-Allotment Option Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") is pleased to announce that it has closed its previously announced and upsized "bought deal" public offering of units of the Company (the " Units") with Scotiabank and PI Financial Corp. as joint bookrunners and underwriters (the " Underwriters"). The Underwriters exercised the over-allotment option in full and as a result the Company issued a total of 33,350,000 Units at a price of C$0.95 per Unit for gross proceeds of C$31,682,500 (the " Offering"). Each Unit consists of one common share (each a "