Retired champion mare Black Caviar is expecting her first foal.

Rated one of the best racehorses in the world before her retirement, Black Caviar is in foal to the champion sire Exceed And Excel.

News of the pregnancy has been confirmed by Racing Victoria.

The governing body said Black Caviar's breeder Rick Jamieson made the announcement during the unveiling of a statue of the unbeaten sprinter in Nagambie in rural Victoria on Thursday.

Black Caviar was retired soon after winning her second T J Smith Stakes at Randwick in April.

She earned almost $8 million from 25 wins and despite only racing three times last season, was last month crowned Australian Horse Of The Year for 2012-2013.

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