Excalibur Metals Outlines 7km+ Silver-Gold Trend and Mobilizes Field Crew to the Bellehelen Property in Walker Lane Trend of Nevada
NEWS RELEASE
Excalibur Metals Outlines 7km+ Silver-Gold Trend and Mobilizes Field Crew
to the Bellehelen Property in Walker Lane Trend of Nevada
November 6th, 2025 (TSXV:EXCL)
VANCOUVER, BRITISH COLUMBIA, Excalibur Metals Corp. (TSXV: EXCL) (“Excalibur” or the
“Company”) is pleased to announce further details about the Bellehelen Silver -Gold Pr operty
(“Bellehelen” or the “Property”) located within the Walker Lane Trend of Nevada. Excalibur has outlined a
significant mineralized trend spanning over 7 kilometers based on historical workings (see Figure 1 below).
Bellehelen encompasses a district-scale, 7-kilometre-long mineralized trend that historically produced an
estimated 311,000 silver-equivalent ounces in the early 1900s1. As shown in Figure 1, numerous historic
workings are distributed along the entire length of this extensive corridor, highlighting a continuity of
mineralization across multiple zones on the Property. Historical surface sampling returned high -grade
assays of up to 11.25 g/t gold and 3,490 g/t silver 1, confirming the presence of a fertile precious metal
system. In addition, broad soil anomalies and extensive vein networks within the large structural corridor
suggest the potential for both high -grade shoots and bulk-tonnage targets, underscoring the exceptional
scale and prospectivity of the Bellehelen Property.
“Bellehelen represents a virtually unexplored gold and silver district in Nevada with the potential for both
high-grade and bulk-tonnage discoveries,” said John Gilbert, CEO of Excalibur. “The historical mines in
the district along with assay results clearly show the scale of mineralization across multiple zones ,
highlighting the property’s untapped potential. With our exploration work commenc ing, we’re eager to
unlock value from this underexplored district and deliver meaningful results for our shareholders.”
The Company is also pleased to report that its initial Phase 1 E xploration Program (the “Program) as
outlined in the September 24th, 2025 news release has commenced, with field crews now mobilized to site
to carry out systematic mapping, sampling, and target definition activities across key areas of interest.
Dr. Alan Wainwright, a consultant of the Company, is a Qualified Person (“QP”) as defined by National
Instrument 43-101. Dr. Wainwright has reviewed and approved the technical information disclosed in this
news release. The QP has not verified the historical data, but verification of these data will be done through
the Company's planned exploration activities. For additional information on the Bellehelen Project please
refer to the technical report titled “Bellehelen Property NI 43-101 Technical Report” with an effective date
of August 15, 2024 filed on SEDAR+.
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Figure 1: Bellehelen Trend with Silver and Gold rock and soil samples
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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.
EXCALIBUR METALS CORP.
On behalf of the Company
“John Gilbert”
CEO
For further information regarding this news release, please contact:
John Gilbert, CEO
604-681-8030
Notes
1 Details about the historical production and results at Bellehelen can be found in the technical report titled
“Bellehelen Property NI 43 -101 Technical Report” authored by Heather Burrell, B.Sc., P.Geo. with an
effective date of August 15, 2024 filed on SEDAR+ and referenced from Kleinhampl F.J. & J.I. Ziony.
1984a. Geology of Northern Nye County, NV. Nevada Bureau of Mines & Geology Bulletin 99A .
Management cautions that production from, or discoveries on, adjacent properties may not necessarily be
indicative to the presence of mineralization at the Bellehelen Project.
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, statements with respect to the Bellehelen Project being untested,
the exceptional scale and prospectivity of Bellehelen, the potential for a significant mineralized trend spanning over 7 kilometers, the Property’s
untapped potential, the potential for another major discovery at Bellehe len, the potential to unlock value from this underexplored district and
deliver meaningful results for the Company’s shareholders, details of exploration plans and the exploration and development of the Company’s
mineral projects.
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 outcomes, 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.
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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.