Warrant Exercises Generate $953,250 in Cash Proceeds

FOR IMMEDIATE RELEASE Toronto CNSX: XBR September 25, 2012 Frankfurt: X9CN

WARRANT EXERCISES GENERATE $953,250 IN CASH PROCEEDS

Excalibur Resources Ltd. is pleased to report that since its May 31, 2012 fiscal year end, 6,355,000 share purchase warrants have been exercised at $0.15 per share, generating $953,250 in cash proceeds. Excalibur now has 70,521,500 shares issued and 24,860,264 share purchase warrants outstanding, exercisable at prices ranging from $0.15 to $0.30, expiring over the next 17 months.

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