This paper discusses certain types of exclamatives in Spanish in which they appear in the shape of declarative and do not involve wh-phrase at the left-periphery of the sentence. Although this kind of exclamative has been described in the literature on Spanish exclamatives, it has not yet been discussed in detail. The aim of this paper is to examine some instances of declarative exclamatives to see whether they can be derived in the same way as typical wh-exclamatives. To this end, I describe first some properties of declarative exclamatives in Spanish with or without the presence of the copulative verb involved therein, and then I address some issues relevant to both the syntax of wh-exclamatives as well as ordinary wh-questions in Spanish. Finally, I also offer a twofold analysis of declarative exclamatives; depending on the ellipsis of the copulative verb, they can be derived either from “T-to-C” movement, similar to what happens in wh-exclamatives, or by way of subject raising to [Spec,CP] in order to satisfy the [Excl]-feature on C.