Excalibur Completes First Closing of Financing

FOR IMMEDIATE RELEASE Toronto CNSX: XBR OTCQX: EXCFF February 27, 2014 Frankfurt: X9CN

EXCALIBUR COMPLETES FIRST CLOSING OF FINANCING

Toronto, Canada: Excalibur Resources Ltd. (“Excalibur” or the “Company”) announces that it has completed the first tranche of a non-brokered private placement of 2,500,000 Units at $0.12 per Unit for a total of $300,000. Each Unit consists of one common share and one share purchase warrant, exercisable to acquire an additional common share at $0.15 per share for a period of two years. No finder’s fees were paid in connection with this financing. Proceeds will be applied to working capital, corporate development and to the Company’s Catanava gold and silver production project in Mexico.

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

On behalf of the Board of Directors: For more information please contact:

Tel: 416-925-0090 “Tim Gallagher” Email: [email protected] Chairman & CEO Website: www.excaliburresources.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.