Excalibur Metals Announces Closing of $3.6 Million Private Placement Financing
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
NEWS RELEASE
Excalibur Metals Announces Closing of $3.6 Million Private Placement Financing
April 9, 2026 (TSXV:EXCL)
VANCOUVER, BRITISH COLUMBIA, Excalibur Metals Corp. (TSXV: EXCL) (“Excalibur” or the
“Company”) announces that it has closed its previously announced non-brokered private placement (the
“Offering”) and has issued 18,000,000 units (the “Units”), with each Unit consisting of one common share
and one -half of one common share purchase warrant (each full common share purchase warrant, a
“Warrant”) at a price of $0. 20 per Unit, for aggregate gross proceeds of $ 3.6 million. Each full Warrant
shall entitle the holder thereof to acquire one additional common share at a price of $0. 30 until April 8,
2028.
The net proceeds of the Offering will be used for exploration expenditures, working capital, investor
relations and general & administrative expenditures.
Finder's fees of 7% in cash and 7% in non-transferrable finder warrants (“Finder Warrants”) exercisable
at a price of $0.30 until April 8, 2028, were paid on a portion of the Offering in accordance with the policies
of the TSX Venture Exchange. A total of $ 157,500 was paid in cash finder's fees and 787,500 Finder
Warrants were issued.
All securities issued in connection with the Offering are subject to a hold period ending on August 9, 2026.
To demonstrate continued support of the Company, certain officers and a director of the Company and
their affiliates (each, a "Related Party") participated in the Offering and acquired an aggregate of 725,000
Units for total gross proceeds of $145,000. Each subscription by a Related Party is considered a "related
party transaction" within the meaning of Multilateral Instrument 61 -101 - Protection of Minority Security
Holders in Special Transactions ("MI 61-101"). The related party transactions are exempt from the formal
valuation and minority shareholder approval requirements under MI 61 -101 in reliance upon the
exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value
of the transaction, insofar as it involve s the Related Parties, does not exceed 25% of the Company's
market capitalization. The Company did not file a material change report related to Offering more than 21
days before the expected closing of the Offering as required by MI 61 -101 since the detail s of the
participation by the Related Parties were not settled until shortly prior to the closing of the Offering and the
Company wished to close on an expedited basis for sound business reasons.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities offered have not been and will not be registered
under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities
laws and may not be offered or sold within the United States or to or for the account or benefit of
a U.S. person (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act
and applicable state securities laws or an exemption from such registrations are available. No
public offering of securities is being made in the United States. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these
securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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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) 687-3376
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 exploration and development of
the Company’s mineral projects, and the use of net proceeds from the Offering.
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.