| (Mark One)                                                                         |
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| [X]                                                                                | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|                                                                               |   |
| For the quarterly period ended: March 31, 2011                                     |
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| Or                                                                                 |
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| [   ]                                                               | 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                                                 |
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| 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.) |
|                                                                               |   |
| 13834 W. Hoyt RoadRathdrum, Idaho                                                  | 83858 |
| (Address of principal executive offices)                                           | (Zip Code) |
|                                                                               |   |
| (208) 640-9633                                                                     |
| (Registrant's telephone number, including area code)                               |
|                                                                               |
|   __________________                                                          |
| (Former name, former address and former fiscal year, if changed since last report) |

| 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 | 5,848,707 shares                   |
|--------------------------------|------------------------------------|
| (Class)                        | (Outstanding as at April 26, 2011) |

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|                                                                                                                | Page   |
|---------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                |   |
| PART I – FINANCIAL INFORMATION                                                                                | 3      |
|      Unaudited Financial Statements                                                        | 3      |
|           Condensed Balance Sheets                                | 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                                                                                   | 12     |
|      Exhibits and Reports on Form 8-K                                                           | 12     |
| SIGNATURES                                                                                                          | 13     |

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PART

Unaudited

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Condensed

|                                                                                    |   | March 31, 2011 |    |   | December 31, 2010 |   |
|-----------------------------------------------------------------------------------------|--------|----------------|---------|--------|-------------------|--------|
|                                                                                    |   | (unaudited)    |    |   | (audited)         |   |
|                                                                                    |   |           |    |   |              |   |
| Assets                                                                                  |   |           |    |   |              |   |
|                                                                                    |   |           |    |   |              |   |
| Cash                                                                                    |   | $              | 6,120   |   |              | $      | 1,808 |   |
|    Total current assets                                                  |   |           | 6,120   |   |              |   | 1,808 |   |
|                                                                                    |   |           |    |   |              |   |   |   |
| Fixed assets, net of accumulated depreciation of $999                                   |   |           |    |   |              |   |   |   |
|   and $892 as of 3/31/2011 and 12/31/10, respectively                         |   |           | 285     |   |              |   | 392 |   |
|                                                                                    |   |           |    |   |              |   |   |   |
| Total assets                                                                            |   | $              | 6,405   |   |              | $      | 2,200 |   |
|                                                                                    |   |           |    |   |              |   |   |   |
| Liabilities and Stockholders’ Deficit                                             |   |           |    |   |              |   |   |   |
|                                                                                    |   |           |    |   |              |   |   |   |
| Current liabilities:                                                                    |   |           |    |   |              |   |   |   |
|    Accounts payable                                                      |   | $              | 6,200   |   |              | $      | 2,670 |   |
|    Note payable                                                          |   |           | 30      |   |              |   | 30 |   |
|    Note payable – related party                                    |   |           | 500     |   |              |   | 500 |   |
|       Total current liabilities                           |   |           | 6,730   |   |              |   | 3,200 |   |
|                                                                                    |   |           |    |   |              |   |   |   |
| Stockholders’ deficit                                                             |   |           |    |   |              |   |   |   |
|    Common stock, $0.001 par value, 200,000,000 shares                    |   |           |    |   |              |   |   |   |
|       authorized, 5,848,707 shares issued and outstanding |   |           | 5,849   |   |              |   | 5,849 |   |
|    Additional paid-in capital                                            |   |           | 56,786  |   |              |   | 50,786 |   |
|    Deficit accumulated during development stage                          |   |           | (62,960 | )      |              |   | (57,635 | ) |
|       Total stockholders’ deficit                   |   |           | (325    | )      |              |   | (1,000 | ) |
|                                                                                    |   |           |    |   |              |   |   |   |
| Total liabilities and stockholders’ deficit                                       |   | $              | 6,405   |   |              | $      | 2,200 |   |

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Condensed

|                                                                        |   | For the three months ended |      |   | October 6, 2005 |   |
|-----------------------------------------------------------------------------|--------|----------------------------|-----------|--------|-----------------|--------|
|                                                                        |   | March 31,                  |      |   | (Inception) to  |   |
|                                                                        |   | 2011                       |      |   | 2010            |   |   | March 31, 2011 |   |
|                                                                        |   |                       |      |   |            |   |   |   |   |
| Revenue                                                                     |   | $                          | -         |   |            | $      | - |   |   | $ | - |   |
|                                                                        |   |                       |      |   |            |   |   |   |   |   |   |   |
| Expenses:                                                                   |   |                       |      |   |            |   |   |   |   |   |   |   |
|    Depreciation expense                                      |   |                       | 107       |   |            |   | 107 |   |   |   | 999 |   |
|    Executive compensation                                    |   |                       | -         |   |            |   | - |   |   |   | 5,128 |   |
|    General and administrative expenses                       |   |                       | 5,218     |   |            |   | 2,667 |   |   |   | 56,713 |   |
|       Total expenses                          |   |                       | 5,325     |   |            |   | 2,774 |   |   |   | 62,840 |   |
|                                                                        |   |                       |      |   |            |   |   |   |   |   |   |   |
| (Loss) before provision for income taxes                                    |   |                       | (5,325    | )      |            |   | (2,774 | ) |   |   | (62,840 | ) |
|                                                                        |   |                       |      |   |            |   |   |   |   |   |   |   |
| Provision for income taxes                                                  |   |                       | -         |   |            |   | (30 | ) |   |   | (120 | ) |
|                                                                        |   |                       |      |   |            |   |   |   |   |   |   |   |
| Net (loss)                                                                  |   | $                          | (5,325    | )      |            | $      | (2,804 | ) |   | $ | (62,960 | ) |
|                                                                        |   |                       |      |   |            |   |   |   |   |   |   |   |
| Weighted average number of                                                  |   |                       |      |   |            |   |   |   |   |   |   |   |
|    common shares outstanding – basic and fully diluted |   |                       | 5,848,707 |   |            |   | 5,848,707 |   |   |   |   |   |
|                                                                        |   |                       |      |   |            |   |   |   |   |   |   |   |
| Net (loss) per share – basic and fully diluted                        |   | $                          | (0.00     | )      |            | $      | (0.00 | ) |   |   |   |   |

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Condensed

|                                                                         |   | For the three months ended |   |   | October 6, 2005 |   |
|------------------------------------------------------------------------------|--------|----------------------------|--------|--------|-----------------|--------|
|                                                                         |   | March 31,                  |   |   | (Inception) to  |   |
|                                                                         |   | 2011                       |   |   | 2010            |   |   | March 31, 2011 |   |
| Cash flows from operating activities                                         |   |                       |   |   |            |   |   |   |   |
| Net (loss)                                                                   |   | $                          | (5,325 | )      |            | $      | (2,804 | ) |   | $ | (62,960 | ) |
| Adjustments to reconcile net (loss) to                                       |   |                       |   |   |            |   |   |   |   |   |   |   |
|   net cash (used) by operating activities:                         |   |                       |   |   |            |   |   |   |   |   |   |   |
|       Shares issued for executive compensation |   |                       | -      |   |            |   | - |   |   |   | 5,000 |   |
|       Depreciation                             |   |                       | 107    |   |            |   | 107 |   |   |   | 999 |   |
| Changes in operating assets and liabilities:                                 |   |                       |   |   |            |   |   |   |   |   |   |   |
|       Decrease in accounts payable             |   |                       | 3,530  |   |            |   | 2,655 |   |   |   | 6,200 |   |
| Net cash (used) by operating activities                                      |   |                       | (1,688 | )      |            |   | (42 | ) |   |   | (50,761 | ) |
|                                                                         |   |                       |   |   |            |   |   |   |   |   |   |   |
| Cash flows from investing activities                                         |   |                       |   |   |            |   |   |   |   |   |   |   |
|    Purchase of fixed assets                                   |   |                       | -      |   |            |   | - |   |   |   | (1,284 | ) |
| Net cash (used) by investing activities                                      |   |                       | -      |   |            |   | - |   |   |   | (1,284 | ) |
|                                                                         |   |                       |   |   |            |   |   |   |   |   |   |   |
| Cash flows from financing activities                                         |   |                       |   |   |            |   |   |   |   |   |   |   |
|    Proceeds from note payable                                 |   |                       | -      |   |            |   | 30 |   |   |   | 30 |   |
|    Proceeds from note payable – related party           |   |                       | -      |   |            |   | - |   |   |   | 500 |   |
|    Donated capital                                            |   |                       | 6,000  |   |            |   | 3,000 |   |   |   | 15,700 |   |
|    Issuances of common stock                                  |   |                       | -      |   |            |   | - |   |   |   | 41,935 |   |
| Net cash provided by financing activities                                    |   |                       | 6,000  |   |            |   | 3,030 |   |   |   | 58,165 |   |
|                                                                         |   |                       |   |   |            |   |   |   |   |   |   |   |
| Net increase in cash                                                         |   |                       | 4,312  |   |            |   | 2,988 |   |   |   | 6,120 |   |
| Cash – beginning                                                       |   |                       | 1,808  |   |            |   | 556 |   |   |   | - |   |
| Cash – ending                                                          |   | $                          | 6,120  |   |            | $      | 3,544 |   |   | $ | 6,120 |   |
|                                                                         |   |                       |   |   |            |   |   |   |   |   |   |   |
| Supplemental disclosures:                                                    |   |                       |   |   |            |   |   |   |   |   |   |   |
|    Interest paid                                              |   | $                          | -      |   |            | $      | - |   |   | $ | - |   |
|    Income taxes paid                                          |   | $                          | -      |   |            | $      | 30 |   |   | $ | 120 |   |
|                                                                         |   |                       |   |   |            |   |   |   |   |   |   |   |
| 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

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Controls

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PART

Exhibits

| Exhibit Number                                                                                                                                                                                                          | Name and/or Identification of Exhibit                                              |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                    |                                                                               |
| 3                                                                                                                                                                                                                       | Articles of Incorporation & By-Laws                                            |
|                                                                                                                                                                                                                    |                                                                               |
|                                                                                                                                                                                                                    | (a) Articles of Incorporation *                                                    |
|                                                                                                                                                                                                                    |                                                                               |
|                                                                                                                                                                                                                    | (b) By-Laws *                                                                      |
|                                                                                                                                                                                                                    |                                                                               |
| 10                                                                                                                                                                                                                      | Line of Credit Loan Agreement                                                      |
|                                                                                                                                                                                                                    |                                                                               |
| 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 made thereto. |

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SIGNATURES

| EXCALIBER ENTERPRISES, LTD. |
|-----------------------------|
| (Registrant)                |
|                        |
| Signature                   | Title | Date |
|                        |   |   |
| /s/ Stephanie Y. Jones      | President and | April 26, 2011 |
| Stephanie Y. Jones          | Chief Executive Officer |   |
|                        |   |   |
| /s/ Matthew L. Jones        | Chief Financial Officer | April 26, 2011 |
| Matthew L. Jones            |   |   |
|                        |   |   |
| /s/ Matthew L. Jones        | Chief Accounting Officer | April 26, 2011 |
| Matthew L. Jones            |   |   |

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