Excalibur Resources Ltd.

Excalibur Resources Ltd.

December 15, 2009 10:52 ET

Excalibur Resources Ltd.: Shareholders Elect New Directors and Approve Share Consolidation

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2009) - Excalibur Resources Ltd. (the "Company") (CNSX:XBR)(FRANKFURT WKN:A0MMDH) is pleased to announce that three new directors were appointed to the board of directors at the Company's annual and special meeting held in Toronto on Thursday, December 3, 2009:

  • Andrew Thomson is an entrepreneur who has been active in mineral exploration since 1993. Currently Mr. Thomson is the President of Soltoro Ltd., a TSXV-listed exploration mining company focused on discovering bulk tonnage copper, gold and silver deposits in Mexico, and a Director of Gossan Resources, a TSXV-listed company engaged in the exploration and development of a broadly diversified portfolio of properties in Manitoba;
  • David J. Libby is a Mining Engineer and is currently a Senior Associate and Consultant with Behre Dolbear & Company Ltd., Toronto, Ontario. Mr. Libby served as Executive Vice-President, Mining and Vice-President Mining Operations-Chile with Aur Resources Inc. from 1994 until retirement in 2007. Mr Libby is a graduate of the Camborne School of Mines and a registered Professional Engineer in the Province of Ontario; and,
  • Andrew Robertson currently serves as a Vice President at Inflection Capital Inc. Prior to this position his career spanned 25 years in the debt financial markets with roles that included Senior Vice-President at GE Capital Solutions, Director, Private Debt Investments at Canada Life Assurance Company and Director, Loan Syndications at RBC Capital Markets. Mr. Robertson received a B.Comm(Hon) degree from Carleton University and an MBA from the University of Toronto.

Tim Gallagher and Dianne Szigety were re-appointed as directors at the meeting and continue to serve as Chairman/CFO and President respectively.

The Company received shareholder approval to consolidate all the issued and outstanding share capital on the basis of one new share in exchange for up to 8 existing shares.

The Company recently changed its corporate head office from Vancouver to Toronto and is now located at 20 Adelaide Street East, Suite 400 Toronto, ON M5C 2T6.

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. The Company has fulfilled its mission of acquiring early to advanced stage exploration properties in North America. To date these include: The Silver King Mine property near Nelson, BC, adjacent land positions on strike of the Silver King property, and Sturgeon Lake, a volcanic massive sulphide project comprising 8,956 ha. in NW Ontario.

On behalf of the Board of Directors:

Dianne Szigety, President

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

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