DiscFactories Corporation
TSX VENTURE : DSK

DiscFactories Corporation

December 04, 2006 14:10 ET

DiscFactories Corporation: Appointment of Anthony Garson as President and CEO

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

DiscFactories Corporation (the "Corporation") (TSX VENTURE:DSK) is pleased to announce that Anthony Garson, a director of the Corporation, has been appointed President and Chief Executive Officer. He is currently President and CEO and a director of Great China Mining Inc., an American mineral exploration company with substantial copper-gold resources in the People's Republic of China.

Mr. Garson obtained a B.Sc. in Earth Science in 1969 from University of Waterloo, Ontario. He received an MBA from University of Toronto, Ontario in 1983. He began his career with the Ontario Department of Mines and subsequently with Derry, Michener and Booth, a geological consulting firm in Toronto. For the past 30 years, Mr. Garson has been extensively involved in the brokerage industry having served as a Mines & Metals Analyst. Previous positions include: Mines and Metals analyst, Equities Investment Division of Bank of Nova Scotia, Toronto (1975-80); Vice President and Senior Mining Analyst for Canadian operations of Dean Witter Reynolds (Canada) Ltd. (1981-85); and Vice-President and Senior Mining Analyst of Canaccord Capital (1990-1993), London, England. Mr. Garson was a principal and founding partner of Union Capital Markets (U.K.) Ltd., licensed under the Securities and Futures Authority of London, England (1993-95); He has acted as a director of several public companies that include Chairman and director of Global Pacific Minerals and a director of Colibri Resource Corp.

Mr. Edwin Bergsteinsson will continue in his capacity as Chairman of the Board, as announced on November 7, 2006.

Also, as announced on November 7, 2006 the Corporation is continuing with an application to have its shares listed on the Canadian Trading and Quotation System Inc. ("CNQ") and to delist its shares from trading on the TSX Venture Exchange. Subject to regulatory approval, the Corporation will complete its proposed change of business transaction, including a change of name to Excalibur Resources Ltd., and the acquisition of the Needles Silver/Gold Property located in Nye County, Nevada subsequent to its listing on the CNQ.

The completion of the transaction is subject to all necessary regulatory approvals.

On behalf of the Board of Directors:

Edwin Bergsteinsson, Chairman

Investors are cautioned that, except as disclosed in the Management Information Circular of the Corporation prepared in connection with the transaction, as supplemented by the Corporation's press releases relating to the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative.


Neither the TSX Venture Exchange nor the CNQ have in any way passed upon the merits of the proposed transaction and neither have approved nor disapproved the contents of this press release.

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