Mr. Mark Morabito reports

EXCALIBUR METALS ANNOUNCES APPOINTMENT OF MS. LISA DEA TO THE BOARD OF DIRECTORS

Excalibur Metals Corp. has appointed Lisa Dea to its board of directors, effective Oct. 1, 2025.

"On behalf of the board, I am delighted to welcome Lisa Dea as a director," says Mark Morabito, executive chairman of Excalibur. "Lisa brings exceptional financial expertise and decades of leadership experience in the mining and capital markets sectors. Her strategic insight and proven track record in guiding growth-oriented companies will be a tremendous asset as we continue to advance our project and deliver value to shareholders."

Lisa Dea, CPA, CA, is an accomplished financial leader with more than 30 years of experience across finance, capital markets and accounting. She currently serves as chief financial officer of Luca Mining Corp., a TSX Venture Exchange-listed silver producer, where she plays a key role in advancing base metals, silver and gold operations in Mexico.

Ms. Dea's expertise covers corporate finance, M&A (merger and acquisition), debt and equity markets, operations, financial reporting, and human resources. Throughout her career, Ms. Dea has successfully structured and executed a wide range of financing transactions, built and sustained strong relationships with global financial institutions, and guided teams with a collaborative and mentorship-focused approach.

Ms. Dea earned her chartered accountant designation in 1997 and holds a bachelor of commerce degree from the University of British Columbia. She has overseen all facets of financial and legal functions, introducing governance frameworks, internal controls and fiscal policies that support sustainable growth. Her professional foundation was established during an eleven-year career with Deloitte & Touche LLP. Since then, she has held CFO positions at several publicly listed companies on the Toronto Stock Exchange, TSX-V, Canadian Securities Exchange and Australian Securities Exchange, consistently demonstrating strong strategic financial management and leadership in the resource sector.

About Excalibur Metals Corp.

Excalibur Metals 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 country, 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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