ASX Announcement 6 December 2010
SIGNIFICANT URANIUM AND COPPER INTERSECTIONS AT ALLAMBER JOINT VENTURE PROJECT, NT The Directors of Excelsior Gold Limited (ASX: EXG) ("Excelsior" or "The Company") advise that Thundelarra Exploration Limited (ASX: THX) has reported that recent drilling at the Allamber Uranium Project in the Northern Territory has intersected significant uranium and copper mineralisation.

(Refer to Thundelarra ASX announcement dated 6 December 2010) The Allamber Project is a joint venture between Excelsior (30% contributing interest) and Thundelarras wholly owned subsidiary, Element 92 Pty Ltd (70% interest).

Thundelarra manages the Joint Venture and has reported encouraging results from the reverse circulation drilling campaign conducted in November.

A total of 18 RC holes for 1,667 metres were drilled and significant drill intersections include: - Lucas Prospect - 7m @ 9.69% Cu from 7 to 23m depth (TAL024RC) - 12m @ 328ppm U3O8 from 27 to 39m (TAL025RC) - 11m @ 405ppm U3O8 (including 1m @ 1,945ppm) from 37 to 48m and 12m @ 353ppm U3O8 (including 1m @ 1,710ppm) from 87 to 99m (TAL035RC) Cliff South Prospect - 9m @ 440ppm U3 O8 (including 1m @ 1,368ppm) from 43 to 52m depth and 2m @ 2.45% Cu from 44 to 46m (TAL032RC) - 15m @ 610ppm U3O8 (including 1m @ 3,926ppm) from 76 to 91m; 8m @ 436ppm U3O8 (including 1m @ 1,627ppm) from 108 to 116m, and 6m @ 422ppm U3O8 (including 1m @ 1,076ppm) from 123 to 129m (TAL033RC) To download the full ASX Announcement please visit here: http://esp.gewru.com/download/files/12414/1284534/20101206%20-%20EXG_AllamberJV_Significant%20U%20_%20Cu%20Intersected_ASXAnn.pdf
For further information please contact: Excelsior Gold Limited David Hamlyn Chief Operating Officer/Executive Director T: 08 9481 2276 E: Media: David Brook Professional Public Relations T: 08 93388 0944 / 0415 096 804 E:
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