Excellium Inc. Announces Filing of a Notice of Intention to Submit a Proposal pursuant to the Bankruptcy and Insolvency Act; ...

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 filed today with the Office of the Superintendent of Bankruptcy a notice of
intention to submit a proposal to its creditors pursuant to the Bankruptcy and
Insolvency Act (Canada), appointing Raymond Chabot Inc. as trustee pursuant
thereto.


Excellium also announces that it will be filing a motion in the coming days with
the Commercial Chamber of the Superior Court of Quebec seeking authorization to
sell certain assets relating to its electronic security division (the "Security
Division"), which constitute substantially all of Excellium's assets, to Site
Integration Plus Inc. ("SIP"), and for a vesting order. The proceeds of the sale
will be distributed to the Corporation's secured creditors in accordance with
their rank. The motion is expected to be heard by the Superior Court shortly
after it is filed.


The foregoing steps are taken as a result of the continuing deterioration of
Excellium's precarious liquidity and financial position. Excellium has continued
to experience negative operating cash flows, ongoing working capital deficits
and cash shortfalls. The sale of the Corporation's Security Division to SIP is
further to and consistent with the strategic review process announced by
Excellium on August 29, 2013, which was undertaken to maximize value for
shareholders and other stakeholders of Excellium, and has resulted from a
competitive bid solicitation process overseen by the Corporation's board of
directors with the assistance of Raymond Chabot Grant Thornton.


The terms of the sale to SIP, including the consideration payable and other key
terms of the transaction, will be disclosed once Court approval for the
transaction has been obtained. The terms of the transaction will remain
confidential pending Court approval as the disclosure of such information prior
to securing such approval would be prejudicial to Excellium and its ability to
negotiate an alternative transaction in the event the Court refuses to grant
Excellium's motion.


If approved by the Court, closing of the sale of the Security Division to SIP
will occur shortly thereafter. Excellium will continue to own and operate its
remaining business unit, the Electronic Identification division, and will
continue to explore strategic alternatives in that regard. There can be no
assurance that such exploration of strategic alternatives will result in a
transaction being pursued, entered into or consummated. Excellium does not
intend to discuss or disclose developments with respect to this process until
its board of directors has approved a definitive course of action.


Excellium will submit a proposal to its creditors in due course and will make
further announcements in that regard at the appropriate time.


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 Exchange under the trading symbol
"XLM" and its continuous disclosure filings are available on SEDAR at
www.sedar.com. For further information about Excellium, please visit its website
at www.excellium.ca.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Excellium Inc.
Claude Roussin
Vice President, Administration and Acting CFO
[phone]