Excalibur Resources Ltd.

Excalibur Resources Ltd.

April 16, 2012 09:00 ET

Excalibur Resources Arranges Private Placement

TORONTO, ONTARIO--(Marketwire - April 16, 2012) - Excalibur Resources Ltd. ("Excalibur" or the "Company") (CNSX:XBR)(FRANKFURT WKN:A0MMDH) announces that it has arranged a non-brokered private placement of up to 6,000,000 Units at $0.145 per Unit for a total of $870,000. Each Unit consists of one common share and one-half share purchase warrant. Each whole warrant is exercisable to acquire an additional common share at $0.20 per share for a one year period.

Net proceeds will be applied to working capital and to the Company's Catanava gold production project in Mexico.

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:

Tim Gallagher, Chairman

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

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