The word "exaltation" comes from the Latin verb exaltāre, meaning "to raise high" or "to elevate".   It combines the prefix ex- (from, out of) with altus (high). The word entered English via Middle English exaltacioun, from the Old French exaltacion, and first appearing in the late 14th century to describe elevation in rank, power, or status, and later taking on astronomical and astrological meanings. 

According to the Oxford English Dictionary (OED), the noun exaltation was first used in English around 1386.  The earliest evidence cited by the OED for the word is in the writings of Geoffrey Chaucer.  According to the Oxford English Dictionary, the verb exalt was first used in English during the Middle English period (1150-1500), with its earliest evidence dating to before 1400. The word is a borrowing from Latin, where it means "to lift up". 

Example of the word "exaltation" used in a sentence: 
"Her heart filled with exaltation when she saw the stunning view from the mountaintop."
"The organization's mission involved the exaltation of education to improve society."   
“It was a feeling of exaltation. Artistic beauty. It was everything.” 
"Yet the collective spirit of the event — an exaltation of the feminine in its many expressions — felt authentic to Uchis’ work as an artist." 
"But Timur’s live performance added another otherworldly level of exaltation for which neither film nor deafening amplification can enhance." 
"Philosophical concepts used to address these topics have been implicitly determined by the colonizer through the exaltation of certain thinkers and the obscuring of others."