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EXCL.V ·

Excalibur Metals Commences Trading on the OTCQB Venture Market

Corporate Updates

NEWS RELEASE

Excalibur Metals Commences Trading on the OTCQB Venture Market

May 26th, 2026 (TSXV:EXCL)( OTCQB: EXCBF)

VANCOUVER, BRITISH COLUMBIA, Excalibur Metals Corp. (TSXV: EXCL) (OTCQB:EXCBF)

(“Excalibur” or the “Company”) is pleased to announce that it has been approved to trade on the OTCQB

Venture Market beginning May 22, 2026 under the symbol, "EXCBF". Investors can find Real-Time quotes

and market information for the company on www.otcmarkets.com. The common shares will continue to be

listed, trading on the TSX Venture Exchange under the symbol "EXCL".

“Excalibur is excited to commenced trading on the OTCQB exchange as this will enhance our visibility and

increase trading liquidity in the United States," said John Gilbert, CEO of Excalibur. "As a company focused

on developing mineral projects in the United States , the OTCQB provides a venue for US investors to

trade the Company’s shares . We look forward to strengthening our relationships with US investors and

highlighting the Company's growth opportunities."

The OTCQB, operated by the OTC Markets Group in New York, is the premier marketplace for early stage

and developing US and international companies. It is recognized by the United States Securities and

Exchange Commission as an established market, providing public information for analysis and valuation

of securities.

About Excalibur Metals Corp.

Excalibur Metals Corp. is a junior exploration company focused on the discovery of gold and silver deposits

in the world-class mining jurisdictions of the Western United States. Led by an experienced management

team, the Company utilizes technical expertis e to identify and secure high -leverage exploration assets.

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 Board of Directors,

John Gilbert

Chief Executive Officer

For further information regarding this news release, please contact:

John Gilbert, CEO

604-687-3376

[email protected]

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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 benefits of trading on the OTCQB,

increased trading liquidity and investor access, and 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.

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.