diff --git a/.github/workflows/test-with-soroban-examples.yml b/.github/workflows/test-with-soroban-examples.yml
index f4e07cc5f..6c05d3170 100644
--- a/.github/workflows/test-with-soroban-examples.yml
+++ b/.github/workflows/test-with-soroban-examples.yml
@@ -42,6 +42,16 @@ jobs:
       matrix:
         working-directory: ${{ fromJSON(needs.collect-examples.outputs.dirs) }}
         experimental_spec_shaking_v2: [true, false]
+        # Exclude examples that depend on crates.io packages that transitively
+        # depend on soroban-sdk (e.g. soroban-poseidon). Cargo does not provide
+        # a way to override the version of soroban-sdk required as a transitive
+        # dependency of another dependency where the version to override is a
+        # different major version or does not match the semver compatibility
+        # defined by the importer, causing two copies of soroban-sdk to be
+        # compiled and duplicate lang item (panic_impl) errors.
+        # https://github.com/stellar/rs-soroban-sdk/issues/1723
+        exclude:
+        - working-directory: privacy-pools
     defaults:
       run:
         working-directory: soroban-examples/${{ matrix.working-directory }}