Superior Mining Announces Closing of Non-Brokered Private Placement

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INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.


Superior Mining International Corporation (TSX VENTURE:SUI) (the "Company" or
"Superior") is pleased to announce that it has closed its unit private
placement, which was previously announced on October 28, 2011. Pursuant to the
private placement, subscribers purchased an aggregate of 5,835,000 units of
Superior at a price of $0.10 per unit for aggregate gross proceeds of $583,500.
Each unit consisted of one common share of Superior and one share purchase
warrant. Each warrant entitles the holder to purchase one additional common
share of Superior for a period of one year at a price of $1.00 per share.


In connection with the private placement, Superior paid a finder's fee of $5,480
in cash and issued 54,800 finder's warrants. Each finder's warrant entitles the
finder to purchase one common share of the Company at a price of $0.10 for a
period of one year from the closing of the private placement.


The common shares issued in connection with the private placement, and any
common shares acquired on the exercise of warrants or finder's warrants issued
under the terms of the private placement, will be subject to a statutory hold
period expiring on March 19, 2012.


Superior has engaged a geologist to prepare a draft geological report on the
Mangalisa project in the Free State of South Africa that discusses the geology,
mineralization, historical exploration and the Company's completed Phase 1 and
Phase 2 drilling programs on the property as well as providing recommendations
for further work. The draft geological report has been received by the Company
for reviewing.


Superior is delaying embarking on the drilling program in lieu of reviewing the
draft report, subsequently receiving the final, comprehensive version of the
report, and reviewing the model for drill targeting in light of the report's
findings and recommendations. The proceeds from the private placement will be
used to complete the final version of the geological report and to help further
the exploration program on the Mangalisa property.


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.