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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The Collaborative International Dictionary of English v.0.48:

Exalted \Ex*alt"ed\, a.
   Raised to lofty height; elevated; extolled; refined;
   dignified; sublime.
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         Wiser far than Solomon,
         Of more exalted mind.                    --Milton.
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         Time never fails to bring every exalted reputation to a
         strict scrutiny.                         --Ames.
   -- Ex*alt"ed*ly, adv. -- Ex*alt"ed*ness, n. "The
   exaltedness of some minds." --T. Gray.
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WordNet (r) 3.0 (2006):

exalted
    adj 1: of high moral or intellectual value; elevated in nature
           or style; "an exalted ideal"; "argue in terms of high-
           flown ideals"- Oliver Franks; "a noble and lofty
           concept"; "a grand purpose" [syn: exalted, elevated,
           sublime, grand, high-flown, high-minded, lofty,
           rarefied, rarified, idealistic, noble-minded]

Moby Thesaurus II by Grady Ward, 1.0:

232 Moby Thesaurus words for "exalted":
   Olympian, aerial, aggrandized, airy, altitudinous, analysis,
   apotheosized, aristocratic, ascending, aspiring, assay, astral,
   audit, august, awesome, beaming, beatified, big, bighearted,
   blissful, blithe, blithesome, breakdown, bright, bright and sunny,
   bursting with happiness, canonized, canvass, carried away,
   catechization, celebrated, checkup, cheerful, cheery, chivalrous,
   colossal, deified, diagnosis, dignified, dissection, distinguished,
   dominating, ducal, ecstatic, elate, elated, elevated, eminent,
   enchanted, ennobled, enraptured, enravished, enshrined, enthroned,
   entranced, erect, ethereal, eupeptic, euphoric, exaggerated,
   examination, excellent, excited, exhilarated, exultant, famed,
   famous, first, flushed, foremost, freaked out, generous, genial,
   genteel, gentle, gentlemanlike, gentlemanly, glad, gladsome,
   glorified, glorious, glowing, godlike, grand, great,
   great of heart, greathearted, handsome, happy, haughty, heightened,
   held in awe, heroic, high, high and mighty, high-flown,
   high-minded, high-pitched, high-ranking, high-reaching, high-set,
   high-up, highest, highest-ranking, honored, hopeful, idealistic,
   illustrious, immortal, immortalized, imparadised, in ecstasies,
   in good spirits, in heaven, in high spirits, in paradise,
   in raptures, in seventh heaven, inflated, inquiry, inspection,
   irrepressible, joyful, joyous, jubilant, kinglike, kingly,
   knightly, ladylike, largehearted, lauded, laughing, leading,
   liberal, lifted, lofty, magnanimous, magnificent, magnified,
   majestic, mighty, monumental, mounting, noble, noble-minded,
   notable, noted, number one, of gentle blood, of good cheer,
   of rank, on cloud nine, on stilts, openhanded, optimistic,
   outstanding, outtopping, overblown, overjoyed, overjoyful,
   overlooking, overtopping, patrician, perlustration, pleasant,
   possessed, prestigious, pretentious, princelike, princely,
   prominent, queenlike, queenly, questioning, quite the lady,
   quizzing, radiant, raised, rampant, rapt, raptured, rapturous,
   ravished, renowned, review, rhapsodic, riant, rosy, sainted,
   sanctified, sanguine, sanguineous, scan, scrutiny, sent, shrined,
   sifting, smiling, soaring, sparkling, spiring, steep, stilted,
   sublime, sunny, superb, supereminent, superior, superlative,
   supernal, survey, testing, throned, titled, top-drawer, topless,
   toplofty, topping, towering, towery, transported, upcast, upflung,
   uplifted, uplifting, upraised, upreared, upright, upthrown, view,
   winnowing, winsome