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EXCL.V ·

Excalibur Metals Announces Appointment of Ms. Lisa Dea to the Board of Directors

Management Changes

NEWS RELEASE

Excalibur Metals Announces Appointment of Ms. Lisa Dea to the Board of Directors

October 1, 2025 (TSXV:EXCL)

VANCOUVER, BRITISH COLUMBIA, Excalibur Metals Corp. (TSXV: EXCL) (“Excalibur” or the

“Company”) is pleased to announce that Ms. Lisa Dea has been appointed to the Board of Directors of

Excalibur, effective October 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 -V 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, 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 str ong 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 TSX, TSX -V, CSX,

and ASX, consistently demonstrating strong strategic financial management and leadership in the

resource sector.

About Excalibur Metals Corp.

Excalibur Metals Corp. 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% of

the Bellehelen Project in Nye Country, Central Nevad a. The claims cover most of the historic Bellehelen

Mining District, where gold and silver were initially discovered and mined in the early 1900’s. Excalibur

has assembled an exceptional team with considerable exploration, developing and permitting experience

within North America. Excalibur is traded on the TSX Venture Exchange (TSXV) under the symbol “EXCL”.

For more information, visit www.excaliburmetals.com.

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EXCALIBUR METALS CORP.

On behalf of the Company

“Mark Morabito”

Executive Chairman

For further information regarding this news release, please contact:

Mark Morabito, Executive Chairman

604-681-8030

[email protected]

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward

looking information contained in this news release includes, but is not limited to, the expected contributions of Ms. Dea and the exploration and

development of the Company’s mineral project.

In certain cases, forward -looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "budget",

"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or varia tions of such words and phrases or

state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future ou tcomes, or other

expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information

contained in this news release is based on certain factors and assumptions regarding, among other things, the availability of financing to continue

as a going concern and implement the Company’s operational plans, metal prices, the timing and amount of future exploration expenditures, the

availability of labour , equipment and material, receipt of and compliance with necessary regulatory approvals and permits, the estimation of

insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters.

While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance

or achievements of the Company to be materially different from any future results, performance or achievements exp ressed or implied by the

forward-looking information. Such factors include risks related to the Company not obtaining adequate financing to continue operation s, risks

related to the delay in approval of work plans, variations in mineral resources and reser ves, grade or recovery rates, risks relating to the ability

to access infrastructure, risks relating to changes in commodity prices, risks related to current global financial conditions, risks related to current

global financial conditions on the Company’s business, access and supply risks, reliance on key personnel, operational risks inherent in the

conduct of exploration activities, including the risk of accidents, labour disputes, regulatory risks including the risk that permits may not be

obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests,

environmental risks and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian

securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those

described in forward-looking information, there may be other factors that cause actions, events or results n ot to be as anticipated, estimated or

intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the

date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or

revise any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.