TORONTO, ONTARIO--(Marketwire - Aug. 16, 2011) - Excalibur Resources Ltd. (the "Company") (CNSX:XBR)(FRANKFURT WKN:A0MMDH) has engaged the services of Bay Street Connect, an owner-managed firm based in Toronto and a leading provider of investor relations services to Canadian public companies in the natural resources sector since 2003. Focusing on direct communication and face-to-face meetings, it has assisted numerous organizations in developing relationships within the investment community.

Under the terms of the engagement, which is for a minimum of six months, Bay Street Connect will be paid $7,500 per month. Bay Street will also be granted 300,000 options to acquire common shares at $0.10 per share, which options shall vest as to 75,000 per quarter.

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.

On behalf of the Board of Directors:

Tim Gallagher, Chairman

Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Excalibur Resources Ltd.
Tim Gallagher