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exalt (v.)

c. 1400, "to give off vapor, flow out," from Old French exalter (10c.), from Latin exaltare "raise, elevate," from ex "out, out of, from within" (see ex-) + altus "high," literally "grown tall," from PIE root *al- (2) "to grow, nourish." From early 15c. as "to elevate in rank or honor;" also "glorify, praise, extol." Related: Exalted; exalting.

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Definitions of exalt from WordNet

exalt (v.)
praise, glorify, or honor;
Synonyms: laud / extol / glorify / proclaim
exalt (v.)
fill with sublime emotion;
Synonyms: exhilarate / tickle pink / inebriate / thrill / beatify
exalt (v.)
heighten or intensify;
These paintings exalt the imagination
exalt (v.)
raise in rank, character, or status;
exalted the humble shoemaker to the rank of King's adviser
From wordnet.princeton.edu