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. The Company intends to acquire a portfolio of properties through project acquisitions, joint ventures and alliances.

Update

• Excalibur Resources Ltd. continues to fulfill its mission of acquiring early to advanced stage exploration properties in North America. To date these include: The Silver King Mine property near Nelson BC, adjacent land positions on strike of the Silver King property, and volcanic massive sulphide targets comprising 8,816 ha. in N.W. Ontario.

• Excalibur has acquired an option to purchase the Silver King Mine near Nelson, British Columbia. In the late 1800's and early 1900's the Silver King produced approximately 15,000,000 lbs. copper grading 3% and 4,000,000 oz. silver grading almost 20 oz/ton. The Company has an option to acquire 100% of the property subject to a 3% Net Smelter Return royalty. The option is subject to annual payments of cash and shares over a four year period ending June, 2011.

• In addition and in proximity to the Silver King property, Excalibur acquired an option to purchase three parcels of ground called the Cariboo properties totaling 75.7 hectares located mainly contiguous to the south-east of the Silver King Mine property boundary and 2.5 km to the northeast of the Silver King boundary. The Company has an option to acquire 100% of the claims subject to a 2% Net Smelter Return royalty. The option is subject to annual payments of cash and shares over a three year period ending in December, 2010.

• In the Fall of 2009 Excalibur Resources conducted a 25 hole, 2,137 meter drill program which discovered the new Queen vein. Assay results from drilling on the Silver King Property found 3.95m of 439 g/t Ag, 0.7 g/t Au, 3.2% Cu, 0.36% Zn and 0.10%Pb, as well as 1.68m of 657 g/t Ag, 3.6% Cu, 0.19% Zn and 0.03% Pb.

• In March-April, 2008, the Company staked 8,816 hectares of ground in Northwestern Ontario. The 100% owned property is located about 25 km east of the historic Sturgeon Lake mining camp in which the well-known volcanic massive sulphide producers Mattabi, Lyon Lake and Sturgeon Lake mines operated in proximity and along strike of the Company's current property location.

• In November, 2009 a VTEM survey of the Sturgeon Lake Property was conducted by Geotech Ltd. The survey showed a series of strong and laterally extensive conductors across the 27 km strike length of Excalibur's property, comparable to those hosting VMS and nickel deposits in other mining camps. Previous fieldwork confirms that the VTEM conductors are sulphide bearing horizons with anomalous Cu, Zn, Ag and Au.