Excalibur Grants Stock Options

FOR IMMEDIATE RELEASE Toronto CNSX: XBR OTCQX: EXCFF February 28, 2014 Frankfurt: X9CN

Excalibur Grants Stock Options

Toronto, Canada: Excalibur Resources Ltd. (“Excalibur” or the “Company’) announces that it has granted an aggregate of 3,800,000 incentive stock options to purchase common shares at $0.12 per share to directors, officers and consultants, for a period of five years, in accordance with its Stock Option Plan.

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.