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Last updated on April 16, 2014 at 17:34 EDT

Excellon Resources Appoints New President

November 15, 2012

Toronto Stock Exchange – EXN

TORONTO, Nov. 15, 2012 /PRNewswire/ – Excellon Resources Inc. (TSX:EXN) (“Excellon” or “the Company”), Mexico’s highest grade silver producer, is pleased to announce that the Board of Directors has appointed Mr.
Brendan Cahill to the position of President of the Company.  Mr. Peter
Crossgrove will continue in his roles as Executive Chairman and Chief
Executive Officer.

“Brendan has been a tremendous addition to the Excellon team and I am
pleased to be transitioning leadership responsibility over to him,”
stated Mr. Crossgrove.

“Excellon’s high grade, low cost silver production from La Platosa
provides a rare opportunity to expand our new CRD/Source-style
discovery,” stated Mr. Cahill.  “I look forward to working with the
great team at Excellon and further developing our already excellent
relationships with the local communities of Bermejillo and Mapimi that
rely on La Platosa, as well as with Mexican government and business
leaders.”

Mr. Cahill joined Excellon as Executive Vice President in summer 2012
and was instrumental in the Company’s return to production following an
illegal blockade that disrupted production during the third quarter of
2012.  He was previously Vice President Corporate Development of
Pelangio Exploration Inc., a junior gold exploration company active in
Ghana, West Africa and Ontario, Canada, and served as Corporate
Secretary of Pelangio Mines Inc., prior to its merger with Detour Gold
Corporation.  Prior to Pelangio, he was a lawyer in the M&A and
corporate securities practices at Davies Ward Phillips & Vineberg LLP. 
At Davies, he advised on public and private transactions valued at over
$15 billion, including Barrick’s acquisition of Placer Dome in 2005. 
He also advised on public offerings totaling over $2 billion dollars
for various Canadian companies.

Mr. Cahill holds a law degree from the University of Western Ontario and
an undergraduate degree from the University of Toronto. 

About Excellon
Excellon’s high-grade silver production drives transformative
exploration potential.  The Company’s 100%-owned La Platosa Mine in
Durango is Mexico’s highest grade silver mine, with lead and zinc
by-products making it one of the lowest cash cost silver mines in the
country.  With 41,000 hectares of exploration ground surrounding the
mine, Excellon is focused on discovering the large-tonnage Source of
the high-grade silver mantos currently in production.  Such a discovery
has the potential to transform La Platosa into the next major project
in Mexico’s prolific CRD/silver belt.

On behalf of

EXCELLON RESOURCES INC.

Peter A. Crossgrove
Executive Chairman

The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
Press Release, which has been prepared by management. This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 27E of the Exchange Act.
Such statements include, without limitation, statements regarding the
future results of operations, performance and achievements of the
Company, including potential property acquisitions, the timing,
content, cost and results of proposed work programs, the discovery and
delineation of mineral deposits/resources/reserves, geological
interpretations, proposed production rates, potential mineral recovery
processes and rates, business and financing plans, business trends and
future operating revenues. Although the Company believes that such
statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. The Company cautions
investors that any forward-looking statements by the Company are not
guarantees of future results or performance, and that actual results
may differ materially from those in forward looking statements as a
result of various factors, including, but not limited to, variations in
the nature, quality and quantity of any mineral deposits that may be
located, significant downward variations in the market price of any
minerals produced [particularly silver], the Company’s inability to
obtain any necessary permits, consents or authorizations required for
its activities, to produce minerals from its properties successfully or
profitably, to continue its projected growth, to raise the necessary
capital or to be fully able to implement its business strategies. All
of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the
technical reports filed with respect to the Company’s mineral
properties, and particularly the November 22, 2011 NI 43-101-compliant
technical report prepared by Roscoe Postle Associates Inc. with respect
to the Platosa Property. This press release is not, and is not to be
construed in any way as, an offer to buy or sell securities in the
United States. 

SOURCE Excellon Resources Inc.


Source: PR Newswire