Excelsior Gold, Inc. entered into a non-binding letter of intent to acquire Helmer Directional Drilling Corp (OTCBB:EXLA) in a reverse merger transaction on December 13, 2012. As per the letter of intent, at the closing, the equity holders of Excelsior Gold will receive 74% of the issued and outstanding shares of Helmer Directional common stock in exchange for 100% of the equity interests in Excelsior Gold Corporation. The transaction is subject to a more definitive agreement and is expected to close no later than January 31, 2013.

Excelsior Gold, Inc. entered into a share exchange agreement to acquire Helmer Directional Drilling on March 11, 2013. Pursuant to the terms of agreement Excelsior Gold will issue all its outstandi8ng shares in exchange for 1000.999 shares of our Series M preferred stock of Helmer Directional. Series M Preferred Stock is convertible into 302 million shares of common stock, conditional upon the amendment of Articles of Incorporation to increase the number of authorized shares to 700 million. As a result of closing, Helmer Directional Drilling intends to change name to Excelsior Gold & Metals, Inc. Douglas McFarland will serve as a member and Chairman of the Board. W. Glen Zinn and Paul Donaldson will be appointed as Chief Financial Officer and Chief Technology Officer respectively. Georgette Wansor shall resign from the Board. John Thomas of Acadia Group acted as advisor for Excelsior Gold.

Excelsior Gold, Inc. completed the acquisition of Helmer Directional Drilling Corp (OTCBB:EXLA) in a reverse merger transaction on March 14, 2013.