Excalibur Resources Ltd.

Excalibur Resources Ltd.

December 19, 2007 09:30 ET

Excalibur Resources Ltd.: Drill Program Begins at the Needles Property, Nye County, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2007) - Excalibur Resources Ltd. (CNQ:EXBR)(FRANKFURT WKN:A0MMDH) (the "Company") is pleased to announce the commencement of a drill program on its Needles silver-gold exploration target located in Nye County, Nevada. The Needles Project occurs north of the historic Reveille Mining District, also known as the Arrowhead and Needles District. Access to the property is via Highway 6 East of Tonopah, South on Highway 25 and via a network of small gravel roads in the north part of the Reveille Range and comprises 104 Bureau of Land Management contiguous claims amounting to 861 hectares (2,128 acres).

Thirteen drill-holes representing approximately 5,000 feet of diamond drilling has been recommended by W.A. Hubacheck Consultants Ltd. in its NI-43-101 Technical Report on the Needles Property, Nye County, Nevada. The drill program will be overseen by John J. Gardiner & Associates LLC of Denver, Colorado and Jim Helgeson P.Geol., of Reno, Nevada, who will be the on-site qualified person directing the program. Drill core will be sent to American Assay Labs in Reno for analysis. The program is designed to explore three principal targets on the property which demonstrate widespread gold and silver mineralization. The targets include the Arrowhead Mine shaft area, the Blanca Zone which is the westward extension of the old Arrowhead Mine and the Whopper Junior target to the north end of the property. Other pits and showings will also be tested.

Prior to the current drilling program, a total of 51 shallow core holes were completed on the property in several areas, which have intersected both high-grade gold and silver mineralization in addition to wide zones of anomalous gold/silver. Surveys completed include mapping, magnetometer, VLF, Induced Polarization and soil/rock sampling.

The mineralization in the area is in-part related to a large north-northwest trending fault zone referred to as the Arrowhead Lineament Fault Zone. Most of the exploration activity in the area is related to attempts to mine from the Arrowhead Shaft and the Arrowhead North Shaft. Numerous dumps and pits dot the surface of the Property (upwards of 50).

A longitudinal view illustrating the conceptual target on the west side of the Arrowhead Lineament Fault and a detailed geological description contained in the Company's 43-101 consultant's report can be accessed at the Company's web-site www.excaliburresources.com under the heading "Needles Property".

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:

Anthony Garson, President

The CNQ has not in any way passed upon the merits of the transaction and has neither approved nor disapproved of the contents of this press release.

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