Excalibur Closes Private Placement and Engages Frontier Merchant Capital Group for Investor Relations

TORONTO, ONTARIO--(Marketwired - May 22, 2014) - Excalibur Resources Ltd. ("Excalibur" or the "Company") (CSE:XBR)(OTCQX:EXCFF)(FRANKFURT:X9CN) announces that it has closed a non-brokered private placement of 2,000,000 Units at $0.10 per Unit for a total of $200,000. 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 has retained FronTier Merchant Capital Group ("FronTier") for Investor Relations Services. FronTier is an experienced and reputable Investor Relations group with its head office in Toronto, Canada. FronTier will assist the company by increasing market awareness utilizing a number of financial market communications initiatives, the core of which will be facilitating in-person introductions for Excalibur with institutional and retail brokers and investors in a number of cities across Canada, the US, Europe and Australasia.

FronTier has been retained for a year at $5,000 per month and has been granted 300,000 incentive stock options at $0.12 per share.

FronTier Consulting Ltd. purchased 1 million shares of the current private placement.

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.