MONTREAL, QUEBEC -- (Marketwire) -- 10/16/09 -- EXCEL GOLD MINING INC. (TSX VENTURE: EGM) Excel Gold Mining Inc. (hereinafter referred to as "Excel" or the "Company") is pleased to announce the signature of a letter of intent with Capital Castellane Inc. (the "Vendor") for the purchase by Excel of more mining claims in the Montauban Mining Camp and named (for presentation purposes) "Castellane (Bastiscan)", Province of Quebec (the "Properties").The proposed purchase price for the acquisition of all rights and titles in and on the Properties would be composed of 6,750,000 common shares fully-paid and non-assessable in the Company's capital
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