Superior Mining Announces $2.5 Million Private Placement and Grant of Stock Options

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.


Superior Mining International Corporation (the "Company" or "Superior") (TSX
VENTURE:SUI) announces that, subject to regulatory approval, it has negotiated a
non-brokered private placement of up to 25,000,000 units at $0.10 per unit, for
gross proceeds of up to $2,500,000. Each unit will consist of one common share
of the Company and one share purchase warrant entitling the holder to purchase
one additional common share of the Company for a period of one year at a price
of $1.00 per share. 


Subject to regulatory acceptance, the Company may pay a finder's fee in the
amount of 8% cash and 8% in warrants ("Finder's Warrants"). The Finder's
Warrants will be issued subject to applicable securities laws and will entitle
the finder's to purchase common shares of the Company for a period of one year
at a price of $0.10 per share.


The proceeds from the private placement will be used to conduct further drilling
on the Company's Mangalisa property in the Free State of South Africa. 


The Company also announces that it has granted 5,250,000 stock options to
directors, officers and consultants of the Company. The options will be
exercisable at $0.12 per share for a period of five years from the date of
grant. 1,508,402 options will vest upon shareholder approval of an amended stock
option plan. The Company intends to seek shareholder approval to the amended
plan at its next annual general meeting.


On behalf of the Board of Directors of Superior Mining International Corporation

Brent Butler, President & CEO

The securities described in this press release will not be or have not been
registered under the U.S. Securities Act of 1933 and may not be offered or sold
in the United States absent registration or an applicable exemption from
registration requirements.

Superior Mining (TSXV:SUI)
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