Excalibur report more high grade gold finds at Juno February 22, 2010

Excalibur Mining Corporation Limited (ASX: EXM) is pleased to advise a recent drill hole completed as part of Excalibur‘s Juno Extension program, intersected 4m at 31.39g/t Au including 1m at 122g/t at the base of Juno.

This intersection is significant because of its location in an area previously assumed to be barren in Excalibur’s resource model.  The area had been untested previously but was between two blocks currently categorised as indicated.

The intersection demonstrates that mineralisation extends beyond the existing drilling and that Juno remains open down dip.

Excalibur Managing Director, Mr Tim Lagdon said that the intersection was also notable because visible gold was observed within the core.  “At Juno, the occurrence of visible gold is quite rare despite the spectacular grade”.

For further information, please refer to the attached announcement or contact:

Tim Lagdon
Managing Director
Ph: +61 8 9322 8000

Media enquiries:
Fortbridge
Ph: +61 2 9331 0655
Luke Dean 0414 535 433