Superior Closes Private Placement of Convertible Notes

November 28, 2012 TSX-V: SUI

NEWS RELEASE

SUPERIOR CLOSES PRIVATE PLACEMENT OF CONVERTIBLE NOTES

Vancouver, British Columbia: Superior Mining International Corporation, (the “Company”) wishes to announce that it has completed the previously announced private placement (the “Private Placement”) of unsecured convertible notes (the “Notes”) raising gross proceeds of $200,000. The lenders may convert all or a portion of the Notes at any time into common shares (the “Conversion Shares”) of the Company at $0.10 per share. The principal amount and all accrued and unpaid interest will be payable 12 months from closing, or earlier upon certain stated events. The Notes will accrue interest at 12% per annum. Interest may be paid in cash or shares at the option of the Company. Any shares issued to pay interest (“Interest Shares”) will be issued at the market price at the time of payment.

The Company has also issued an aggregate of 2,000,000 detachable common share purchas warrants (the “Warrants”). The Warrants entitle the holders to purchase up to a total of 2,000,000 common shares of the Company (each a “Warrant Share”) exercisable at a price of $0.10 per Warrant Share until November 28, 2013.

The Notes and Warrants are subject to a hold period expiring on March 29, 2012. Any Conversion Shares and Interest Shares issued will be subject to the same four month hold period.

The proceeds of the Private Placement funds are to be used for working capital.

On behalf of the Board of Directors of Superior Mining International Corporation

Brent Butler President and Chief Executive Officer

For more information please contact:

Superior Mining International Corporation c/o Brent Butler, President and Chief Executive Officer Telephone: (604) 601-2005 Fax: (604) 488-0319

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE INC. DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.