Excalibur Mining starts prioritising Tennant Creek targets April 23, 2010

Excalibur Mining Corporation Limited (ASX: EXM) has commenced an Exploration Review across its Tennant Creek assets to be completed during the next quarter. The program will systematically analyse and rank the portfolio of potential targets.

With the significant additional information Excalibur has derived through the drilling over the last 2 years, it is now appropriate for Excalibur to review and plan its future exploration activity.

Excalibur is implementing a rigorous process, with external review, for evaluating its exploration assets. Cube Consulting has been appointed to assist Excalibur undertake the Review. The Review will include potential targets immediately adjacent to Juno; East and West Juno; M10; beneath and around Nobles Nob; Weabers Find; NM4; Rising Sun; Nobles Nob West; and multiple untested highly prospective targets. Its purpose is to determine those prospects that have the greatest potential for substantially increasing Excalibur’s gold inventory.

Click here to view the full announcement.

For further information, please contact:

Tim Lagdon
Managing Director
Ph: +61 8 9322 80

Media enquiries:
Fortbridge: +61 2 9331 0655
Bill Kemmery 0400 122 449
bill.kemmery@fortbridge.com
Luke Dean 0414 535 433
luke.dean@fortbridge.com