Excalibur Completes $1.45 Million Private Placement

19.12.2012  |  Marketwired

TORONTO, ONTARIO -- (Marketwire) -- 12/19/12 -- Excalibur Resources Ltd. (CNSX: XBR)(FRANKFURT: X9CN) ("Excalibur" or the "Company") is pleased to announce that it has completed a non-brokered private placement of 4,833,331 common shares at $0.30 per share for a total of $1,450,000. Proceeds will be applied to the Company's Catanava gold production project in Mexico, for potential acquisitions and to working capital.

The Company has granted to a consultant an incentive stock option to acquire 400,000 common shares at $0.27 per share for a five year period.

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

On behalf of the Board of Directors:

Tim Gallagher, Chairman & CEO

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

Contacts:

Excalibur Resources Ltd.

Tim Gallagher

Chairman & CEO

416-987-0298
info@excaliburresources.ca
www.excaliburresources.ca