The Collaborative International Dictionary of English v.0.48:

Elate \E*late"\, v. t. [imp. & p. p. Elated; p. pr. & vb. n.
   Elating.]
   1. To raise; to exalt. [R.]
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            By the potent sun elated high.        --Thomson.
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   2. To exalt the spirit of; to fill with confidence or
      exultation; to elevate or flush with success; to puff up;
      to make proud.
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            Foolishly elated by spiritual pride.  --Warburton.
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            You ought not be elated at the chance mishaps of
            your enemies.                         --Jowett
                                                  (Thucyd. ).
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WordNet (r) 3.0 (2006):

elating
    adj 1: making lively and joyful [syn: elating, exhilarating]