Mr. John Gilbert reports

EXCALIBUR METALS APPOINTS LEWIS LAWRICK TO CHAIRMAN OF THE BOARD

Excalibur Metals Corp. has appointed Lewis Lawrick as chairman of the board.

Mr. Lawrick is a seasoned Canadian mining executive with more than 30 years of experience in mineral exploration, corporate finance, capital markets and corporate leadership. He currently serves as president and chief executive officer of Magna Terra Minerals Inc. and is managing director of Thorsen-Fordyce Merchant Capital Inc., a Toronto-based private investment and merchant banking firm that provides advisory services and financing to emerging mineral exploration ventures.

Mr. Lawrick previously founded Signal Gold Inc. (formerly Anaconda Mining Inc.), where he served as president and chief executive officer and played a key role in building and advancing the company. Throughout his career, he has served as an officer and director of numerous public mining companies, including Volta Resources Inc., Franconia Minerals Corp., Northwest Copper Corp. and Normabec Mining Resources Inc., bringing extensive experience in corporate strategy, project development, financings and public company governance.

Mr. Lawrick holds a bachelor of commerce degree from the University of Calgary.

Mr. Lawrick was granted incentive stock options to purchase 400,000 common shares of Excalibur at an exercise price equal to 12.5 cents per share. The options have a five-year term and vest in four equal instalments over a period of 24 months.

About Excalibur Metals Corp.

Excalibur is a Canadian company focused on exploring for precious metals within established mining areas in the western United States. The company has acquired the option to purchase 100 per cent of the Bellehelen project in Nye county, central Nevada. The claims cover most of the historic Bellehelen mining district, where gold and silver were initially discovered and mined in the early 1900s. Excalibur has assembled an exceptional team with considerable exploration, developing and permitting experience within North America. Excalibur is traded on the TSX Venture Exchange under the symbol EXCL.

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