Excalibur Resources Ltd. (CNSX:XBR)(FRANKFURT:X9CN) is pleased to report that since its May 31, 2012 fiscal year end, 6,355,000 share purchase warrants have been exercised at $0.15 per share, generating $953,250 in cash proceeds. Excalibur now has 70,521,500 shares issued and 24,860,264 share purchase warrants outstanding, exercisable at prices ranging from $0.15 to $0.30, expiring over the next 17 months.

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

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
416-987-0298