Ann: Excalibur signs Share Sale Agreement with Dropmysite Pte Ltd, page-3

The directors of Excalibur Mining Corporation Ltd (“Excalibur”) are pleased to announce that they have executed binding share sale agreements (“SSA”) to acquire the issued capital of Dropmysite Pte Ltd (“Dropsuite”) via Greenbase Corporation Pty Ltd a special purpose vehicle incorporated in Australia .

Highlights:
•
Singapore based Dropsuite operates a global cloud back up platform targeting small and
medium enterprises (“SMEs”) through the world’s leading web hosting companies and IT
resellers.
•
Dropsuite distributes its services by integrating them into the platforms of some of the
world’s largest IT service providers. Partners include GoDaddy, the world’s #1 small business
ISP, GMO Internet (Japan), HostPapa (Canada), Singtel (SE Asia) and OzHosting (Australia).
•
Paid users are growing rapidly as Dropsuite continues to sign new partnerships with global
IT service providers and expand its product portfolio.
•
Dropsuite has a fully developed, highly scalable technology that can service millions of SMEs
globally.
•
Excalibur has completed due diligence on the business activities of Dropsuite as announced
to the market on 4th March.
•
Approval to proceed with takeover will be subject to ASX and shareholder approval.
•
Excalibur’s current resource projects will be disposed, subject to shareholder approval.
•
Excalibur will proceed to apply for the necessary waivers from ASX to conform with the re-
compliance of the company under chapters 1 and 2 of ASX Listing Rules.