Excalibur Completes $1.45 Million Private Placement

FOR IMMEDIATE RELEASE Toronto CNSX: XBR December 19, 2012 Frankfurt: X9CN

EXCALIBUR COMPLETES $1.45 MILLION PRIVATE PLACEMENT

Excalibur Resources Ltd. (“Excalibur” or the “Company”) is pleased to announce that it has completed a non-brokered private placement of 4,833,331 common shares at $0.30 per share for a total of $1,450,000. Proceeds will be applied to the Company’s Catanava gold production project in Mexico, for potential acquisitions and to working capital.

The Company has granted to a consultant an incentive stock option to acquire 400,000 common shares at $0.27 per share for a five year period.

Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious metal mineral resources.

On behalf of the Board of Directors: For more information please contact:

Tel: 416-987-0298

“Tim Gallagher” Email: [email protected]

Chairman & CEO Website: www.excaliburresources.ca

Neither the Canadian National Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or  accuracy of this release.