Excalibur Metals Announces Plans for Phase 1 Exploration Program at the Bellehelen Silver-Gold Property in Nevada
NEWS RELEASE
Excalibur Metals Announces Plans for Phase 1 Exploration Program at the
Bellehelen Silver-Gold Property in Nevada
September 24, 2025 (TSXV:EXCL)
VANCOUVER, BRITISH COLUMBIA, Excalibur Metals Corp. (TSXV: EXCL) (“Excalibur” or the
“Company”) is pleased to announce details regarding its 2025 exploration plans for the Bellehelen Silver-
Gold Pro perty (“Bellehelen” or the “Pro perty”) located within the Walker Lane Tre nd of Nevada. The
Property consists of a low-sulphidation epithermal silver -gold prospect located in an area known for its
high-grade silver and gold discoveries.
The Phase 1 Exploration Program (the “Program”) will focus on detailed mapping and sampling to
determine the structural controls on the mineralization, an CSAMT geophysical survey to target
mineralized structures, an infill soil sampling program, trenching and 2,500 meters of diamond drilling.
The Program is scheduled to commence mid-October and cost approximately US$1.5M.
“We’re looking forward to our 2025 exploration program for Bellehelen,” said John Gilbert, Excalibur CEO.
“Having spent years working in Nevada’s Walker Lane Trend, Bellehelen is a very promising target - a
highly prospective low-sulphidation silver-gold system in a district known for high -grade discoveries. Our
Phase 1 Program is designed to systematically advance the Property with the goal of defining the structural
controls on mineralization and testing priority targets. With a well-structured program and strong technical
groundwork, we believe Bellehelen has the potential to deliver significant results and create meaningful
value for our shareholders.”
Bellehelen Property
Excalibur has acquired the option to purchase 100% of Bellehelen. The Property covers a historic mining
district that once produced an estimated 311,000 silver-equivalent ounces in the early 1900s1. High-grade
samples collected on site show impressive potential, with gold values up to 11.25 grams per tonne (“gpt”)
and silver up to 3,490 g pt, alongside large gold-in-soil anomalies extending over 1,300 metres in length.
Current data indicates the potential for a large, structurally controlled low -sulphidation precious metal
system underlying a 3km+ long multi-element soil anomaly.
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+.
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
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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 at Bellehelen can be found in the technical report titled “Bellehelen
Property NI 43 -101 Technical Report” 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.
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 details of exploration plans and
expected budget; that Bellehelen is a very promising target - a highly prospective low-sulphidation silver-gold system in a district known for high-
grade discoveries; the goals of the exploration program; the potential of Bellehelen to deliver significant results and create meaningful value for
our shareholders; 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 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.