Excalibur Resources Ltd.

Excalibur Resources Ltd.

September 08, 2010 13:01 ET

Excalibur Stakes Adjacent Claim East of Sturgeon Lake Property

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2010) - Excalibur Resources Ltd. (the "Company" or "Excalibur") (CNSX:XBR)(FRANKFURT WKN:A0MMDH) staked 15.68 square kilometers east of, and contiguous with, its existing Sturgeon Lake property in northwestern Ontario on August 30, 2010. Examination of the 2009 VTEM survey results performed by Geotech of Aurora, Ontario, and the results of the 1990 HEM/Magnetic survey performed by Aerodat of Toronto, Ontario, show that these claims contain a short strike length bedrock conductor with an associated 7,000 nanoTesla magnetic high; and, a bend or "nose" in the magnetic anomaly that can be associated with concentrations of mineralization. These claims also include lake sediment anomalies as referenced in the Ontario Open File Report 6087. The magnetic high may be a continuation of the magnetic iron formation that is being explored by Excalibur for gold and base metal mineralization. These claims were staked on the recommendations of Dr. Ian Johnson, Ph.D., P.Eng. of JVX Ltd. and David Molloy, P.Geo. of Geofine Exploration Consultants Ltd. With the addition of this new claim, the total size of the Sturgeon Lake property is now 107 square kilometers.

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:

James D. Kendall, Ph.D., President and CEO

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

Contact Information