Excalibur Resources Ltd.
CNSX : XBR

Excalibur Resources Ltd.

December 01, 2009 12:18 ET

Excalibur Intersects 4 Meters of 14.1 oz/t Ag, 0.7 g/t Au, 3.18% Cu at Silver King

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2009) - Excalibur Resources Ltd. (the "Company") (CNSX:XBR)(FRANKFURT WKN:A0MMDH) is pleased to announce it has intersected significant Silver, Copper and Gold mineralization at its Silver King property near Nelson, British Columbia. The assay results from the first three drill holes are completed. Drill hole XB-09-04 intersected 3.95 meters of 14.13 oz/t Ag, 0.70 g/t Au, 3.18% Cu, 0.36% Zn and 0.10% Pb. The results were intersected near surface between 13.45 meters and 17.40 meters (true width has not been determined). Holes XB-09-01 and 02 intersected near surface strongly leached and oxidized portions of the mineralized zone with minor metal values. Results from further holes will be released as received and compiled. Twenty-five holes over approximately 2100 meters were drilled before the program was terminated due to snow conditions on the mountain.

Commenting on the results, Tim Gallagher, Chairman, states, "Although it is early in the process of evaluating the Silver King property and this season's drill program, it is very gratifying to have some confirmation of the historical high grade nature of this past-producing mine."

The company has also achieved a major milestone at its Sturgeon Lake property, as Geotech Ltd. has just completed its VTEM survey, having flown 1058km for which preliminary data is expected shortly.

Dr. H. Mumin, Ph.D, P.Eng., P.Geo, a qualified person as defined by NI 43-101 has reviewed the contents of this press release.

Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious and base metal mineral resources.

On behalf of the Board of Directors:

Tim Gallagher, Chairman

The CNSX has neither approved nor disapproved of the contents of this press release.

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