Excalibur Resources Ltd.
CNSX : XBR

Excalibur Resources Ltd.

September 27, 2010 23:55 ET

Excalibur Provides a Revised Update of the Sturgeon Lake Exploration Program

TORONTO, ONTARIO--(Marketwire - Sept. 27, 2010) - Excalibur Resources Ltd. (the "Company" or "Excalibur") (CNSX:XBR)(FRANKFURT WKN: A0MMDH) provides a revised update on the exploration activities at the Sturgeon Lake property in northwestern Ontario. Approximately 1700m of the 4000m drilling program has been completed. Disseminated to massive sulphides dominated by pyrrhotite and pyrite have been observed in drill core from all 11 holes drilled to date. Local minor amounts of chalcopyrite and sphalerite have also been observed. In hole SL-10-02 all 142m of the core contained from minor amounts up to narrow intercepts with near massive sulphides. Assays of the drill core are expected shortly.

Assays of grab samples from boulders and outcrop have been received that yielded anomalous metal values up to 0.5 g/tonne gold, 0.34% zinc and 0.1% copper. In addition, Excalibur geologists have found boulders containing stockwork to massive sulphides in a hydrothermal structural breccia.

Dr. Hamid Mumin, Ph.D., P.Eng., P.Geo, a Qualified Person under the meaning of National Instrument 43-101, has reviewed and approved the content 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:

Jim Kendall, President and CEO

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

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