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Excellium Inc. Completes Secured Loan Transaction

MONCTON, NEW BRUNSWICK -- (Marketwire) -- 02/20/13 -- Excellium Inc. (TSX VENTURE:XLM) (the "Corporation" or "Excellium"), a Tier II issuer listed on the TSX Venture Exchange (the "Exchange"), announces that it has completed a secured loan transaction with General Financial Corporation Ltd. ("GFC"), Excellium's controlling shareholder, and Westminster Care and Maintenance Trust Fund ("Westminster"), an arm's length lender. Under the terms of the arrangement, Westminster has made available a secured loan facility of up to $1,000,000 to GFC (the "GFC Loan"), and GFC has agreed to use such funds solely for the purpose of providing a secured loan to Excellium (the "Excellium Loan") to finance its operations.

Under the terms of the Excellium Loan, which mirror the principal terms of the GFC Loan, GFC will lend to the Corporation an aggregate amount of up to $1,000,000, disbursable in two equal tranches of $500,000. The first $500,000 tranche was drawn by Excellium at closing, and a second tranche of $500,000 will be available to Excellium subject to certain conditions. The interest rate on any outstanding principal amount under the Excellium Loan is 12% per annum, calculated monthly, payable in arrears commencing March 31, 2013 and thereafter on the last day of each quarter until such time as the principal has been paid in full. The principal amount of the initial tranche of the Excellium Loan is due and payable in full on the 5th anniversary of its disbursement date. Excellium will pay any amount owing to GFC under the Excellium Loan directly to Westminster as payment of the amounts owing by GFC to Westminster under the GFC Loan. A hypothec has been granted by the Corporation in favour of GFC covering the Corporation's present and future movable and immovable property in order to secure the Corporation's obligations under the Excellium Loan. In addition, Excellium has agreed to guarantee the obligations of GFC under the GFC Loan. The proceeds of the Excellium Loan will be used by the Corporation to finance its operations

As additional consideration payable to Westminster in connection with these loan arrangements, the Corporation has issued a non-transferable common share purchase warrant (the "Warrant") to Westminster. The Warrant is exercisable for up to five hundred thousand (500,000) common shares of the Corporation (the "Warrant Shares") at an exercise price of $0.15 per share, which represents a premium of $0.05 on the closing price of the Corporation's common shares on the Exchange on February 19, 2012. The Warrant is exercisable immediately and expires two (2) years after its date of issuance, and will not be listed.

Excellium is a security company specialized in biometrics identity systems and proactive security management and in the integration of security products for the institutional and industrial markets. Excellium is active in two distinct but complementary lines of business: electronic security, which includes security management, access control and video surveillance, and electronic identification, comprising background checks and biometric identification. Excellium's common shares are listed on the TSX Venture under the trading symbol "XLM" and its continuous disclosure filings are available on SEDAR at For further information about Excellium, please visit its website at

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Excellium Inc.
Jean-Claude Siew
President and CEO
(514) 798-8899

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