Note 3 - Operating Funds	3 Months Ended
Aug. 31, 2013
Notes to Financial Statements
Note 3 - Operating Funds	Management has developed a plan to reduce or delay administrative costs to insure that Excalibur will continue to meet its obligations during the coming year. In 2012, Excalibur entered in to a Management Services Agreement with Meriden Engineering LLC (Meriden) to perform certain management and consulting services with respect to mine performance and progress and royalty payment determinations, among others. Meriden has agreed to defer payments under this agreement until such a time that Excalibur has adequate funds. At August 31, 2013, Meriden was owed $106,546.

Note 3 - Operating Funds

3 Months Ended

Aug. 31, 2013

Management has developed a plan to reduce or delay administrative costs to insure that Excalibur will continue to meet its obligations during the coming year.

In 2012, Excalibur entered in to a Management Services Agreement with Meriden Engineering LLC (Meriden) to perform certain management and consulting services with respect to mine performance and progress and royalty payment determinations, among others. Meriden has agreed to defer payments under this agreement until such a time that Excalibur has adequate funds. At August 31, 2013, Meriden was owed $106,546.