DGAP-News: Excalibur Resources Ltd.: CATANAVA RECEIVES EXPLOSIVE PERMIT

DGAP-News: Excalibur Resources Ltd. / Key word(s): Miscellaneous
Excalibur Resources Ltd.: CATANAVA RECEIVES EXPLOSIVE PERMIT

17.08.2012 / 18:00

---------------------------------------------------------------------

CATANAVA RECEIVES EXPLOSIVE PERMIT 

Excalibur Resources Ltd. is pleased to announce that its 49% owned
subsidiary Minera Catanava S.A. de C.V. ('Catanava') has received the
permit for use of explosives from the Mexican military called SEDENA
('Secretary of National Defense'). 'As the final permit required to begin
operations, this is a major milestone as it allows the company to order and
use explosives under the supervision of the military and to open up adits
on either side of the arroyo and begin processing higher grade underground
material at Camino and San Gil veins, rather than dump material which has
been used for plant testing,' commented Tim Gallagher, Chairman.

According to our JV partner, Don McLeroy, President of Minera Apolo, S.A.
de C.V., who is managing the Catanava operation, 'Over the last couple of
months of testing we increased processing of dump material from 1-2 hour
batches to 8 hour test shifts and now have about 100kg of concentrate ready
to be refined. Although the plant is operational, we have experienced some
mechanical equipment delays including replacing an electrical starter
panel, getting parts for the slurry pump, cone crusher, etc and are still
working to increase recuperation on the large Micron Wave Table. From a
construction perspective, the last major item is the installation of the
roof as the cement support columns have been built so we are now turning
our attention to establishing the mine personnel to run the plant and go
underground as well as ordering the required equipment.'

Excalibur is pursuing the micro-mining approach which is the search for
small, near surface ore shoots that can be extracted at a low cost. The
Catanava project is in the Pinos Gold District, in the State of Zacatecas,
Mexico which was discovered by the Spanish in 1546 and mined until the War
of Independence in 1810, by Cornish miners from 1870 to 1911, and most
recently by an individual miner from 1935 to 1941. Recent exploration work
was undertaken through a Penoles/Bethlehem Steel JV from 1975 to 1983,
All-North Resources in 1993-4, Hecla Mining Company 1995-7, and by Romarco
Minerals from 2006-7. Minera Catanava S.A. de C.V. is 51% held by Minera
Apolo S.A. de C.V. which owns and is providing the land, mineral and mining
rights and management of the project, and 49% is held by Excalibur which
has provided the financing.

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

<pre>

On behalf of the Board of Directors:   For more information please contact:
'Tim Gallagher'                        Tel:  416-987-0298
Chairman                               Email: info@excaliburresources.ca
                                       Website: www.excaliburresources.ca


</pre>

The CNSX has neither approved nor disapproved of the contents of this press
release.


End of Corporate News

---------------------------------------------------------------------

17.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


182126 17.08.2012