| (Mark      One)                                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------|
| [X]   QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934                   |
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| For      the quarterly period ended: September 30,      2008                                                                             |
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| Or                                                                                                                                       |
|                                                                                                                                     |
| [   ]   TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|                                                                                                                                     |
| For      the transition period from ____________ to_____________                                                                         |
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| Commission      File Number: 333-145977                                                                                                  |
|                                                                                                                                     |
| EXCALIBER      ENTERPRISES, LTD.                                                                                                         |
| (Exact      name of registrant as specified in its charter)                                                                              |
|                                                                                                                                     |
| Nevada                                                                                                                                   | 20-5093315 |
| (State      or other jurisdiction of incorporation or organization)                                                                      | (I.R.S.      Employer Identification No.) |
|                                                                                                                                     |   |
| P.O. Box 1265, Rathdrum,    Idaho                                                                                                        | 83858 |
| (Address      of principal executive offices)                                                                                            | (Zip      Code) |
|                                                                                                                                     |
| (208) 640-9633                                                                                                                           |
| (Registrant's      telephone number, including area code)                                                                                |
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| (Former      name, former address and former fiscal year, if changed since last      report)                                             |
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| Large      accelerated filer  [   ]                                                              | Accelerated      filer                   [   ] |
|---------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Non-accelerated      filer    [   ] (Do not check if a      smaller reporting company) | Smaller      reporting company  [X]                                                                                                                |

| Common      Stock, $0.001 par value | 5,100,000      shares                     |
|-------------------------------------|-------------------------------------------|
| (Class)                             | (Outstanding      as at November 7, 2008) |

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|                                                                                                                     | Page  |
|--------------------------------------------------------------------------------------------------------------------------|------------|
| PART I – FINANCIAL INFORMATION                                                                                     | 3          |
|      Unaudited Financial Statements                                                             | 3          |
|           Condensed Balance Sheet                                      | 4          |
|           Condensed Statements of Operations                           | 5          |
|           Condensed Statements of Cash Flows                           | 6          |
|           Notes to Condensed Financial Statements                      | 7          |
|      Management's Discussion and Analysis of Financial Condition      and Results of Operations | 9          |
|      Controls and Procedures                                                                    | 11         |
| PART II – OTHER INFORMATION                                                                                        | 11         |
|      Unregistered Sales of Equity Securities                                                    | 11         |
|      Exhibits and Reports on Form 8-K                                                           | 12         |
| SIGNATURES                                                                                                               | 13         |

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PART

Unaudited

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Condensed

|                                                                                         |   | September      30, |    |   | December      31, |   |
|----------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-------------------|--------|
|                                                                                         |   | 2008               |    |   | 2007              |   |
|                                                                                         |   | (Unaudited)        |    |   | (Audited)         |   |
| Assets                                                                                       |   |               |    |   |              |   |
|                                                                                         |   |               |    |   |              |   |
| Current      assets                                                                          |   |               |    |   |              |   |
|    Cash                                                                       |   | $                  | 156     |   |              | $      | 95 |   |
|       Total      current assets                                |   |               | 156     |   |              |   | 95 |   |
|                                                                                         |   |               |    |   |              |   |   |   |
| Total      assets                                                                            |   | $                  | 156     |   |              | $      | 95 |   |
|                                                                                         |   |               |    |   |              |   |   |   |
| Liabilities      and Stockholders’ Equity                                              |   |               |    |   |              |   |   |   |
|                                                                                         |   |               |    |   |              |   |   |   |
| Current      liabilities:                                                                    |   |               |    |   |              |   |   |   |
|    Accounts      payable                                                      |   | $                  | 3,240   |   |              | $      | 240 |   |
|    Note      payable – related party                                    |   |               | 500     |   |              |   | - |   |
|       Total      current liabilities                           |   |               | 3,740   |   |              |   | 240 |   |
|                                                                                         |   |               |    |   |              |   |   |   |
| Stockholders’      equity                                                              |   |               |    |   |              |   |   |   |
|    Common      stock, $0.001 par value, 200,000,000 shares                    |   |               |    |   |              |   |   |   |
|       authorized,      5,100,000 shares issued and outstanding |   |               | 5,100   |   |              |   | 5,100 |   |
|    Additional      paid-in capital                                            |   |               | 5,000   |   |              |   | 5,000 |   |
|    (Deficit)      accumulated during development stage                        |   |               | (13,684 | )      |              |   | (10,245 | ) |
|                                                                                         |   |               | (3,584  | )      |              |   | (145 | ) |
|                                                                                         |   |               |    |   |              |   |   |   |
| Total      liabilities and stockholders’ equity                                        |   | $                  | 156     |   |              | $      | 95 |   |

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Condensed

|                                                                             |   | Nine      Months Ended |      |   | Three      Months Ended |   |      | October      6, 2005 |   |
|----------------------------------------------------------------------------------|--------|------------------------|-----------|--------|-------------------------|--------|-----------|----------------------|--------|
|                                                                             |   | September      30,     |      |   | September      30,      |   |      | (Inception)      to  |   |
|                                                                             |   | 2008                   |      |   | 2007                    |   |      | 2008                 |   |   | 2007 |   |   | September      30, 2008 |   |
|                                                                             |   |                   |      |   |                    |   |      |                 |   |   |   |   |   |   |   |
| Revenue                                                                          |   | $                      | -         |   |                    | $      | -         |                 |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                             |   |                   |      |   |                    |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses:                                                                        |   |                   |      |   |                    |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |   |
|    Executive      compensation                                    |   |                   | -         |   |                    |   | -         |                 |   |   | - |   |   |   | - |   |   |   | 5,000 |   |
|    General      and administrative expenses                       |   |                   | 3,409     |   |                    |   | 3,850     |                 |   |   | 93 |   |   |   | 1,534 |   |   |   | 8,624 |   |
|       Total      expenses                          |   |                   | 3,409     |   |                    |   | 3,850     |                 |   |   | 93 |   |   |   | 1,534 |   |   |   | 13,624 |   |
|                                                                             |   |                   |      |   |                    |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |   |
| (Loss)      before provision for income taxes                                    |   |                   | (3,409    | )      |                    |   | (3,850    | )                    |   |   | (93 | ) |   |   | (1,534 | ) |   |   | (13,624 | ) |
|                                                                             |   |                   |      |   |                    |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for income taxes                                                  |   |                   | (30       | )      |                    |   | (30       | )                    |   |   | - |   |   |   | - |   |   |   | (60 | ) |
|                                                                             |   |                   |      |   |                    |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      (loss)                                                                  |   | $                      | (3,439    | )      |                    | $      | (3,880    | )                    |   | $ | (93 | ) |   | $ | (1,534 | ) |   | $ | (13,684 | ) |
|                                                                             |   |                   |      |   |                    |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average number of                                                  |   |                   |      |   |                    |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |   |
|    common      shares outstanding – basic and fully diluted |   |                   | 5,100,000 |   |                    |   | 5,100,000 |                 |   |   | 5,100,000 |   |   |   | 5,100,000 |   |   |   |   |   |
|                                                                             |   |                   |      |   |                    |   |      |                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      (loss) per share – basic and fully diluted                        |   | $                      | (0.00     | )      |                    | $      | (0.00     | )                    |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |

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Condensed

|                                                                              |   | For      the nine months ended |   |   | October      6, 2005 |   |
|-----------------------------------------------------------------------------------|--------|--------------------------------|--------|--------|----------------------|--------|
|                                                                              |   | September      30,             |   |   | (Inception)      to  |   |
|                                                                              |   | 2008                           |   |   | 2007                 |   |   | September      30, 2008 |   |
| Cash      flows from operating activities                                         |   |                           |   |   |                 |   |   |   |   |
| Net      (loss)                                                                   |   | $                              | (3,439 | )      |                 | $      | (3,880 | ) |   | $ | (13,684 | ) |
| Adjustments      to reconcile net (loss) to                                       |   |                           |   |   |                 |   |   |   |   |   |   |   |
|   net      cash (used) by operating activities:                         |   |                           |   |   |                 |   |   |   |   |   |   |   |
|       Shares      issued for executive compensation |   |                           | -      |   |                 |   | - |   |   |   | 5,000 |   |
| Changes      in operating assets and liabilities:                                 |   |                           |   |   |                 |   |   |   |   |   |   |   |
|       Increase      in accounts payable             |   |                           | 3,000  |   |                 |   | - |   |   |   | 3,240 |   |
| Net      cash (used) by operating activities                                      |   |                           | (439   | )      |                 |   | (3,880 | ) |   |   | (5,444 | ) |
|                                                                              |   |                           |   |   |                 |   |   |   |   |   |   |   |
| Cash      flows from financing activities                                         |   |                           |   |   |                 |   |   |   |   |   |   |   |
|    Donated      capital                                            |   |                           | -      |   |                 |   | - |   |   |   | 100 |   |
|    Issuances      of common stock                                  |   |                           | -      |   |                 |   | - |   |   |   | 5,000 |   |
|    Proceeds      from note payable                                 |   |                           | 500    |   |                 |   | - |   |   |   | 500 |   |
| Net      cash provided by financing activities                                    |   |                           | 500    |   |                 |   | - |   |   |   | 5,600 |   |
|                                                                              |   |                           |   |   |                 |   |   |   |   |   |   |   |
| Net      increase (decrease) in cash                                              |   |                           | 61     |   |                 |   | (3,880 | ) |   |   | 156 |   |
| Cash      – beginning                                                       |   |                           | 95     |   |                 |   | 4,909 |   |   |   | - |   |
| Cash      – ending                                                          |   | $                              | 156    |   |                 | $      | 1,029 |   |   | $ | 156 |   |
|                                                                              |   |                           |   |   |                 |   |   |   |   |   |   |   |
| Supplemental      disclosures:                                                    |   |                           |   |   |                 |   |   |   |   |   |   |   |
|    Interest      paid                                              |   | $                              | -      |   |                 | $      | - |   |   | $ | - |   |
|    Income      taxes paid                                          |   | $                              | -      |   |                 | $      | - |   |   | $ | - |   |
|                                                                              |   |                           |   |   |                 |   |   |   |   |   |   |   |
| Non-cash      transactions:                                                       |   |                           |   |   |                 |   |   |   |   |   |   |   |
|    Shares      issued for executive compensation                   |   | $                              | -      |   |                 | $      | - |   |   | $ | 5,000 |   |
|    Number      of shares issued for executive compensation         |   |                           | -      |   |                 |   | - |   |   |   | 5,000,000 |   |

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Notes

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Management's

| 1.   | Developed and published our      website:  We have      reserved the domain name www.ExcaliberStore.com and are working to develop      content to publish on the website.  We expect to operate as an      online business, whereby all of our marketing and sales efforts will be      conducted via the Internet and the website will be the sole method through      which we will realize sales.  Thus, we believe this site is      critical to reaching prospective customers and for generating awareness of      our brand.  We have posted a preliminary greeting page, however,      our website is not currently functional.  Without a fully      operational website, we are unable to generate brand awareness or      revenues.  We expect to use a portion of the proceeds from our      public registered offering of common stock toward the development and      publishing of our website.  Since no funds have yet been      received from the offering, we have been unable to continue development of      thesite. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Introduce a catalog of gift      baskets:  Our business is based upon selling specialty      gift baskets designed and assembled by our President, Stephanie      Jones.  To begin to generate revenues and establish a base of      operations, we must develop a sufficient catalog of potential gift basket      arrangements targeting the real estate and healthcare market      segments.  To date, we do not have any proposed or finalized      gift baskets and do not have any ability to generate      sales.  Until we publish a fully functioning website, we do not      intend to accumulate an inventory of saleable products and are therefore      unable to begin to generate revenues until we do  so. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Identify product manufacturers      and suppliers:  Our specialty gift baskets will be      assembled by our management, using products purchased from third-party      manufacturers and suppliers.  We expect to rely solely upon the      efforts of outside sources to develop and manufacture all      products.  We do not intend to manufacture any products      internally.  In order to obtain saleable merchandise, we must      identify potential manufacturers and suppliers of baskets and the various      merchandise we plan to insert in the gift basket.  To date, we      have not identified or contacted any manufacturers or      suppliers. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 4.   | Devise a marketing      strategy:  We believe that generating awareness of our      company will drive consumers to our website.  In order to do so,      we must develop and implement an effective promotional      strategy.  We intend to utilize search engine placement, banner      advertisements and link placement relationships to increase the visibility      of our website, once it is operational.  We currently have no      marketing strategies in place and our website is still in the development      stage. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Controls

PART

Unregistered

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Exhibits

| Exhibit      Number                                                                                                                                                                                                                   | Name      and/or Identification of Exhibit                                                   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                  |                                                                                         |
| 3                                                                                                                                                                                                                                     | Articles      of Incorporation & By-Laws                                                 |
|                                                                                                                                                                                                                                  |                                                                                         |
|                                                                                                                                                                                                                                  | (a)      Articles of Incorporation *                                                         |
|                                                                                                                                                                                                                                  |                                                                                         |
|                                                                                                                                                                                                                                  | (b)      By-Laws *                                                                           |
|                                                                                                                                                                                                                                  |                                                                                         |
| 31                                                                                                                                                                                                                                    | Rule      13a-14(a)/15d-14(a) Certifications                                                 |
|                                                                                                                                                                                                                                  |                                                                                         |
|                                                                                                                                                                                                                                  | (a)      Stephanie Y. Jones                                                                  |
|                                                                                                                                                                                                                                  |                                                                                         |
|                                                                                                                                                                                                                                  | (b)      Matthew L. Jones                                                                    |
|                                                                                                                                                                                                                                  |                                                                                         |
| 32                                                                                                                                                                                                                                    | Certification      under Section 906 of the Sarbanes-Oxley Act (18 U.S.C. Section      1350) |
|                                                                                                                                                                                                                                  |                                                                                         |
| *  Incorporated      by reference herein filed as exhibits to the Company’s Registration      Statement on Form SB-2 previously filed with the SEC on September 11,      2007, and subsequent amendments madethereto. |

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SIGNATURES

| EXCALIBER      ENTERPRISES, LTD. |
|----------------------------------|
| (Registrant)                     |
|                             |
| Signature                        | Title | Date |
|                             |   |   |
| /s/      Stephanie Y. Jones      | President      and | November      7, 2008 |
| Stephanie      Y. Jones          | Chief      Executive Officer |   |
|                             |   |   |
| /s/      Matthew L. Jones        | Chief      Financial Officer | November      7, 2008 |
| Matthew      L. Jones            |   |   |
|                             |   |   |
| /s/      Matthew L. Jones        | Chief      Accounting Officer | November      7, 2008 |
| Matthew      L. Jones            |   |   |

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