Overview

Excalibur Resources Ltd.(CNSX:XBR, FWB:X9CN ) is a junior mining company focused on the development of a 250 tpd gold-silver mine in an historic Mexican Gold District which is almost permitted and currently being installed. The unique goal of the company is to pay a dividend based on it 49% share of annual gold production of up to 20,000 ounces.

Chief Properties

Minera Catanava Gold Project - Pinos, Zacatecas, Mexico

Catanava is a Joint Venture 49% held by Excalibur which is providing the financing and 51% held by Minera Apolo S.A. de C.V. which is providing the property, mining asset and the management of the project.

The purpose of the JV is to build a gold operation with initial production from a 250 tonne per day plant on the 143 hectare Catanava property, located in the Municipality of Pinos, in the State of Zacatecas, Mexico.

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The goal is to commence 250 tpd plant for gold and silver production in 2011 at expected grades of up to 8-10 g/t Au and up to 200 g/t Ag would generate annual production of about 20,000 ounces Au.

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The Catanava project is in the Pinos Gold District, in the State of Zacetecas, Mexico which was discovered by the Spanish in 1546 and mined until the Revolution in 1810, by Cornish miners from 1870 to 1911, producing around 5+ million ounces of Gold and over 25 million ounces of Silver until water table 100m, and most recent 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 1993-1994, Hecla Mining Company 1995-1997, and by Romarco Minerals from 2006-2007.

Silver King

The Silver King Mine is located about 7km south of Nelson, British Columbia. The former silver-copper mine has a long history dating back to 1880s. The region, called the Nelson gold-silver camp, has numerous skarn and vein deposits of gold, silver, copper, and an occurrence of copper-molybdenum.

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The main Silver King Vein, one of several quartz filled shears on the property has been responsible for nearly all the tonnage mined to-date. No National Instrument 43-101 compliant technical reports have been completed on the Silver King Property. A number of historical resource estimates have previously been documented for the property by four independent observers between 1952 and 1983.

These reserve/resource calculations are presented in the table below *

In the fall of 2009 the Company carried out a drill program of 25 holes for a total of 2137m. The result was the discovery of a new vein called the Queen vein. Assay results from this program were similar to the high-grade ore mined in the past:

3.95m of 439 g/t silver, 0.7 g/t gold, 3.2% copper, 0.36% zinc, and 0.10% lead
1.68m of 657 g/t silver, 3.6% copper, 0.19% zinc and 0.03% lead

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In December 2007, Excalibur optioned five additional claims in the area, totaling 75.7 hectares called the Cariboo property.

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Excalibur's 2010 exploration program for the Silver King Mine includes trenching the Cariboo property to identify mineralization at surface, as well as conducting a magnetic and resistivity survey to identify high resistivity alteration halos that surround the low resistivity mineralization in order to define drill targets, followed by a drill program. The Company also plans to conduct 2600m of additional drilling at Silver King to extend the high grade veins.

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Sturgeon Lake

Situated north of Ignace, Ontario, Canada, the Sturgeon Lake project is located in a well established mining region known for Volcanogenic Massive Sulphide (VMS) ore deposits and gold deposits. Noranda operated six VMS deposit mines 10 to 15 km to the west, and the St. Anthony Gold Mine was located 20 km to the north. VMS deposits are known as abundant sources of gold, silver, copper, lead and zinc ores. The property, which covers 91 square kilometers, was part of a provincial government geophysical survey in the early 1990s that revealed zones of multiple sub-parallel and stacked sulphide-bearing conductors. However, past drilling on the property has been virtually non-existent. Excalibur believes this is due to minimal outcrop exposure and limited technology.

In November 2009, the Company engaged Geotech Ltd. of Aurora, Ontario, to conduct a high-resolution Versatile Time-Domain Electromagnetics (VTEM) survey of the property. The survey found a series of strong laterally extensive conductors comparable to VMS deposits with strong conductive and magnetic responses. 29 potential targets were indicated, 10 of which will be selected for drilling. The Company's exploration program for 2010 includes 5000 meters of drilling on the most promising targets.

The Company is presently using sophisticated geochemistry on soil samples, such as the Soil Gas Hydrocarbon (SGH) technique, to identify the best drill targets. Initial SGH results have indicated the high probability of a VMS deposit.

In June 2010, the company staked a former mining lease of approximately 2 square kilometers north of the central part of its existing Sturgeon Lake property in northwestern Ontario. This claim contains an iron formation that will be explored for its gold and copper potential.

Management

Tim Gallagher - Director, Chairman & Chief Financial Officer

Mr. Gallagher is a graduate in commerce from McMaster University, and holds a Master of Business Administration from York University and is a Chartered Financial Analyst. He has been Chief Executive Officer and Chief Financial Officer of Antamena Capital Corp. since incorporation in March 2007. He has been a director or senior officer of a number of public and private companies including Inflection Capital Inc., Water Capital Inc., Eminence Capital Inc. and Biorem Inc. Previously he was in institutional sales for Loewen Ondaatje McCutcheon and Union Bank of Switzerland (Canada). Mr. Gallagher has assisted a number of companies implement their growth plans primarily through the TSX Venture Exchange Capital Pool Program since 1997.

Dianne Szigety - Director, Corporate Secretary

Ms. Szigety has over 20 years experience in the securities industry and since 1994 has offered regulatory filing solutions and legal assistant consulting services to both public and private companies. Previously, Ms. Szigety was a senior legal assistant in the corporate securities department of Campney & Murphy, Barristers & Solicitors, in Vancouver, BC. Ms. Szigety is a director and/or officer of several publicly-listed and private companies.

Charles Beaudry - Director

Mr. Beaudry is a Professional Geologist with over 30 years experience in project generation, business development, exploration chemistry and hands-on project management. Charles previously held the position of General Manager of new business opportunities with IAMGOLD Corporation from 2008 until 2009, after having spent nearly 17 years in various positions for Noranda-Falconbridge-Xstrata, including as country manager of Brazil from 1996 to 2001 and manager of the Frieda River Project from 2005to 2006. Charles holds a Bachelors of Science in Geology from the University of Ottawa and a Masters of Geology from McGill University and is currently President and COO of Xmet Inc., a junior gold exploration company. Charles has broad expertise inmetallogenic modelling, project generation, geochemistry, QAQC, statistics and Six Sigma quality improvement methodologies.

David J. Libby - Director

Mr. Libby is a Mining Engineer and is currently a Senior Associate and Consultant with Behre Dolbear & Company Ltd., Toronto, Ontario. Mr. Libby served as Executive Vice-President, Mining and Vice-President Mining Operations-Chile with Aur Resources Inc. from 1994 until retirement in 2007. Mr Libby is a graduate of the Camborne School of Mines and a registered Professional Engineer in the Province of Ontario.

Andrew Robertson - Director

Mr. Robertson currently serves as a Vice President at Inflection Capital Inc. Prior to this position his career spanned 25 years in the debt financial markets with roles that included Senior Vice-President at GE Capital Solutions, Director, Private Debt Investments at Canada Life Assurance Company and Director, Loan Syndications at RBC Capital Markets. Mr. Robertson received a B.Comm (Hon) degree from Carleton University and an MBA from the University of Toronto.