TORONTO, ONTARIO--(Marketwired - Dec. 2, 2016) - Excalibur Resources Ltd. ("Excalibur" or
the "Company") (CSE:XBR)(CSE:XBR.CN)(OTCQB:EXCFF)(FRANKFURT:X9CN) announces that on December 1, 2016, its articles were amended
to give effect to the previously announced name change to Metalla Royalty and Streaming Ltd. and share consolidation of its
issued and outstanding common shares on a one (1) new for a three (3) old basis. No fractional common shares will be issued
pursuant to the Consolidation. All Fractional interests of 0.5 or greater will be rounded up to the nearest whole number of
shares and fractional interests of less than 0.5 will be rounded down to the nearest whole number of shares. As a result of the
consolidation, the outstanding common shares of the company will be reduced from 129,642,731 to approximately 43,214,244. The
Company's consolidated common shares under the company's new name and symbol "MTA" are expected to begin trading on the Canadian
Securities Exchange ("CSE") on December 7, 2016. The Company's new CUSIP is 59124U100 and the new ISIN is CA 59124U1003.
The Exchange "CSE" will issue a bulletin for any additional details. The purpose of the consolidation is to increase the
Company's common shares price to facilitate the Company's ability to meet share price requirements of a possible up-listing onto
a senior Marketplace or Exchange. In addition to meeting all regulatory requirements, the Company's shares will be subject to
meeting all conditions of any Marketplace or Exchange, where a listing application is submitted. As a result of the share
consolidation, each three (3) common shares issued and outstanding will automatically be reclassified without any action of the
holder into one new common share. The share consolidation will affect all of the Company's common shares outstanding and all
other shares reserved for issuance immediately prior to the market opening on December 7, 2016. All shares reserved for issuance
will be treated in the same manner and details will be provided in the Company's monthly report and posted on the CSE website
under the Company's micro-site. Each shareholder's percentage ownership in the Company will remain the same and the proportional
voting power remains unchanged afterwards, except for minor changes and adjustments resulting from the treatment of fractional
shares. No fractional shares will be issued as a result of the share consolidation. Registered shareholders of the Company will
need to obtain a letter of transmittal from the Company's transfer agent, Computershare Trust Company of Canada. The letter of
transmittal will enable registered shareholders holding physical certificates to exchange their old share certificates
representing pre-consolidation shares for post consolidation common shares, a copy of which is posted on the CSE website under
the Company's micro-site. Until surrendered, each share certificate representing pre-consolidation common shares will represent
the number of whole post consolidation common shares to which the holder is entitled as a result of the consolidation.
Shareholders who hold their common shares in DRS format with the transfer agent, brokerage accounts or in "street name" are not
required to take any action to effect the exchange of their common shares.
"We would like to thank all our shareholders for their support for the new royalty and streaming strategy. We are undertaking
a number initiatives to provide the Company with enhanced funding and visibility in order to increase shareholder value,"
commented Tim Gallagher, Chairman and CEO.
Excalibur Resources Ltd. is a precious metals royalty and streaming company engaged in the acquisition and management of
precious metal royalties, streams, and similar production based interests.
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.