The Collaborative International Dictionary of English v.0.48:

Exalt \Ex*alt"\, v. t. [imp. & p. p. Exalted; p. pr. & vb. n.
   Exalting.] [L. exaltare; ex out (intens.) + altare to make
   high, altus high: cf.F. exalter. See Altitude.]
   1. To raise high; to elevate; to lift up.
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            I will exalt my throne above the stars of God. --Is.
                                                  xiv. 13.
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            Exalt thy towery head, and lift thine eyes --Pope.
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   2. To elevate in rank, dignity, power, wealth, character, or
      the like; to dignify; to promote; as, to exalt a prince to
      the throne, a citizen to the presidency.
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            Righteousness exalteth a nation.      --Prov. xiv.
                                                  34.
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            He that humbleth himself shall be exalted. --Luke
                                                  xiv. 11.
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   3. To elevate by prise or estimation; to magnify; to extol;
      to glorify. "Exalt ye the Lord." --Ps. xcix. 5.
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            In his own grace he doth exalt himself. --Shak.
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   4. To lift up with joy, pride, or success; to inspire with
      delight or satisfaction; to elate.
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            They who thought they got whatsoever he lost were
            mightily exalted.                     --Dryden.
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   5. To elevate the tone of, as of the voice or a musical
      instrument. --Is. xxxvii. 23.
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            Now Mars, she said, let Fame exalt her voice.
                                                  --Prior.
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   6. (Alchem.) To render pure or refined; to intensify or
      concentrate; as, to exalt the juices of bodies.
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            With chemic art exalts the mineral powers. --Pope.
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WordNet (r) 3.0 (2006):

exalt
    v 1: praise, glorify, or honor; "extol the virtues of one's
         children"; "glorify one's spouse's cooking" [syn: laud,
         extol, exalt, glorify, proclaim]
    2: fill with sublime emotion; "The children were thrilled at the
       prospect of going to the movies"; "He was inebriated by his
       phenomenal success" [syn: exhilarate, tickle pink,
       inebriate, thrill, exalt, beatify]
    3: heighten or intensify; "These paintings exalt the
       imagination" [syn: inspire, animate, invigorate,
       enliven, exalt]
    4: raise in rank, character, or status; "exalted the humble
       shoemaker to the rank of King's adviser"

Moby Thesaurus II by Grady Ward, 1.0:

148 Moby Thesaurus words for "exalt":
   acclaim, accord respect to, add to, admire, adore, adulate,
   advance, aggrandize, amplify, animate, apotheose, apotheosize,
   appreciate, arouse, augment, awaken, beatify, belaud, bepraise,
   bless, bless the Lord, blow up, boast of, boost, brag about,
   broaden, build, build up, canonize, celebrate, cleanse, consecrate,
   crown, cry up, dedicate, deepen, defer to, deify, devote, dignify,
   distinguish, doxologize, elate, electrify, elevate, emblazon,
   encourage, enhance, enlarge, ennoble, enshrine,
   entertain respect for, enthrone, erect, esteem, eulogize, excite,
   expand, extend, extol, fatten, favor, fill out, fire, flatter,
   flush, glamorize, glorify, glorify the Lord, graduate, hallow,
   heighten, hero-worship, hike, hike up, hold in esteem,
   hold in reverence, honor, hymn, idolize, immortalize, increase,
   inflate, inform, inspire, inspirit, intensify, jack up, jump up,
   kick upstairs, knight, laud, lengthen, lift, lionize, look up to,
   magnify, make legendary, make much of, maximize, overpraise,
   panegyrize, parlay, pass, pay tribute, pedestal, pique,
   porter aux nues, praise, praise God, prefer, prize, promote, puff,
   puff up, purify, put up, pyramid, quicken, raise, regard, respect,
   revere, reverence, saint, salute, sanctify, set apart, set up,
   sharpen, sing praises, spirit up, spur, stimulate, stir up,
   sublime, thicken, think highly of, think much of, think well of,
   throne, trumpet, up, upgrade, uplift, upraise, venerate, worship