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Superior Mining International Corporation Announces Closing Of First Tranche Of Non-Brokered Private Placement


December 28, 2007

Vancouver, British Columbia: Superior Mining International Corporation (the “Company”) is pleased to announce the closing of the first tranche, consisting of 4,700,000 units (“Units”), of the previously announced non-brokered private placement of up to 10,000,000 Units at a price of $0.40 per Unit (the “Financing”). Each Unit will consist of one common share of the Company (a “Share”) and one-half of a share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder to acquire an additional Share of the Company for a period of 12 months at a price of $0.60.

All securities issued in the Financing will be subject to a hold period of four months from closing. The Financing is subject to regulatory approval.

Proceeds from the Financing will be used to fund the exploration of the Company’s Mangalisa property (formerly known as Kareeboom) in South Africa, to advance the recently acquired New Zealand properties, and for general working capital.

On behalf of the Board of Directors of

Superior Mining International Corporation

“John Proust”

John Proust
President & CEO

For more information please contact:

Superior Mining International Corporation
c/o John Proust, CEO
Telephone: (604) 601-2005 Fax: (604) 488-0319

All of Superior Mining International's news releases made prior to January 2007 can be found on the System for Electronic Document Analysis and Retrieval (SEDAR) at http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007879

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