Excalibur Resources Ltd.
CNSX : XBR
OTCQX : EXCFF
FRANKFURT : X9CN

Excalibur Resources Ltd.

February 27, 2014 17:11 ET

Excalibur Completes First Closing of Financing

TORONTO, ONTARIO--(Marketwired - Feb. 27, 2014) - Excalibur Resources Ltd. ("Excalibur" or the "Company") (CNSX:XBR)(OTCQX:EXCFF)(FRANKFURT:X9CN) announces that it has completed the first tranche of a non-brokered private placement of 2,500,000 Units at $0.12 per Unit for a total of $300,000. Each Unit consists of one common share and one share purchase warrant, exercisable to acquire an additional common share at $0.15 per share for a period of two years. No finder's fees were paid in connection with this financing. Proceeds will be applied to working capital, corporate development and to the Company's Catanava gold and silver production project in Mexico.

On behalf of the Board of Directors

Tim Gallagher, Chairman & CEO

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

Neither the Canadian Securities Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.

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