Excalibur Metals Secures Additional Mineral Rights at Bellehelen

Executive Summary

• Excalibur Metals Corp. staked an additional 79 claims at the Bellehelen Silver‑Gold Property in Nevada, expanding its land position along the northeast margin of the historic district.
• The company has completed surface and underground chip sampling, regional soil sampling and drill targeting; a CSAMT geophysical survey will be mobilized in the coming weeks, with drilling to follow.
• Auditor change announced (Crowe MacKay LLP terminated; Dale Matheson Carr‑Hilton Labonte LLP appointed) – disclosed as an administrative matter with no reportable event.

Key Details

• Claim Expansion: 79 new claims added to Bellehelen Property, primarily on the northeast edge of the existing land package.
• Historical Context: Bellehelen hosts a ~7 km mineralized trend that produced an estimated 311,000 silver‑equivalent ounces in the early 1900s; historic assays up to 11.25 g/t Au and 3,490 g/t Ag reported.
• Exploration Progress to Date:
• Surface chip sampling completed.
• Underground chip sampling completed.
• Regional soil sampling completed.
• Drill targets identified.
• Upcoming Activities:
• CSAMT (Controlled‑Source Audio‑Magnetotellurics) survey to be mobilized in the next few weeks to delineate potential structures.
• Drilling program expected to commence after geophysical results are evaluated.
• Qualified Person: Dr. Alan Wainwright, QP under NI 43‑101, reviewed and approved technical information (historical data not yet verified).
• Auditor Change: Crowe MacKay LLP terminated; Dale Matheson Carr‑Hilton Labonte LLP appointed as auditor of Excalibur Metals Corp.; company relies on NI 51‑102 exemption for change‑of‑auditor reporting.

Notable Quotes

“There’s a large structural corridor at Bellehelen, and it is our belief that additional targets exist adjacent to the main mineralized trend as confirmed by recent field work and analysis,” – John Gilbert, CEO

Forward‑looking statements regarding exploration plans, timing of surveys, and drilling are subject to risks and uncertainties outlined in the release.