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Excalibur Arranges Private Placement

TORONTO, ONTARIO -- (Marketwired) -- 02/21/14 -- Excalibur Resources Ltd. (CNSX: XBR)(OTCQX: EXCFF)(FRANKFURT: X9CN) ("Excalibur" or the "Company') announces that it has arranged 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. 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

Tim Gallagher, Chairman & CEO

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

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