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File: XBR 2012-02-23 PP.doc

 

FOR IMMEDIATE RELEASE
 Toronto  CNSX:  XBR
 
 February 23, 2012
 Frankfurt  WKN: A0MMDH
 
 

EXCALIBUR RESOURCES ARRANGES PRIVATE PLACEMENT

Excalibur Resources Ltd. ("Excalibur" or the "Company") announces that it has arranged a non-brokered private placemen
--->t of 6,190,000 Units at $0.10 per Unit for a total of $619,000.  Each Unit consists of one common share and one share 
--->purchase warrant, exercisable to acquire an additional common share at $0.15 per share during the first year, and at $
--->0.20 per share in the second year.   

The Company will pay an 8% cash commission on a portion of the funds raised.  Net proceeds will be applied to working 
--->capital and to the Company's Catanava gold production project in Mexico.


Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of ec
--->onomically viable precious and base metal mineral resources.

On behalf of the Board of Directors:

"Tim Gallagher"
Chairman
 For more information please contact:
Tel:  416-987-0298
Email:  info@excaliburresources.ca
Website:  www.excaliburresources.ca
 
 
The CNSX has neither approved nor disapproved of the contents of this press release.