Mr. John Gilbert reports

EXCALIBUR METALS ANNOUNCES MANAGEMENT UPDATE

Excalibur Metals Corp. has appointed Chantelle Collins as chief financial officer and Kelly Pladson as corporate secretary.

Ms. Collins holds a bachelor's degree in accounting and is a member of the Chartered Professional Accountants Association of British Columbia (CPA, CGA). Ms. Collins has over 17 years of experience working in the public sector and is well versed in the financial reporting requirements of public companies and serves as an officer of other resource issuers.

Ms. Pladson has over 15 years of experience working with management and legal counsel to maintain corporate records, co-ordinate board and shareholder matters, and oversee securities regulatory filings and compliance requirements.

"I am pleased to welcome Ms. Collins and Ms. Pladson to their new roles," said John Gilbert, chief executive officer of Excalibur. "Their depth of experience, professionalism and strong understanding of public company governance will be instrumental as we continue to execute on our strategic objectives."

The company thanks its former chief financial officer, Daniel Lee, and corporate secretary, Sheila Paine for their dedicated service and contributions and wishes them continued success in their future endeavours.

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 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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