Excellon Resources Inc.

Excellon Resources Inc.

July 13, 2009 15:36 ET

Excellon Announces Resumption of Exploration Drilling

TORONTO, ONTARIO--(Marketwire - July 13, 2009) - Excellon Resources Inc. (TSX:EXN) is pleased to announce that exploration diamond drilling has resumed at the Platosa Property. Two rigs are in operation, both of which are initially located in the NE-1 Manto area where hole EX08LP-614, one of the last drilled before the suspension of drilling in late October 2008 intersected 1,065 g/t silver, 14.6% lead and 6.2% zinc over an estimated true thickness of 7.6 meters.

During the extended suspension of exploration drilling the exploration team remained intact and carried out surface mapping, re-logging of drill core and compilation and reinterpretation of geochemical, geophysical and geological data. This work has led to the generation of new targets in the general Platosa Mine area, where the targets are both additional distal, high-grade manto style Carbonate Replacement Deposit (CRD) mineralization and proximal large-tonnage CRD mineralization, the source of the manto mineralization being exploited at present. Drilling carried out in late 2008 provided evidence that the NE-1 Manto may be part of a feeder system that will lead to the proximal source. Five kilometers to the west in the Saltillera-La Zorra area, where the potential to discover a large-tonnage proximal CRD also remains high, new targets have also been generated.

A ground gravity survey carried out during 2008 has shown that the mantos being exploited at present have a recognizable gravity response and similar responses are associated with certain of the new targets generated during the suspension period. These will be tested during the present drilling program.

John Sullivan, Vice-President Exploration commented "We are extremely pleased to have been able to resume the drilling program on our high-grade Platosa Property. Excellon is excited by the potential to better define and expand our high-quality Mineral Resource by continuing the drilling program in an area that has already provided excellent results. We also look forward to drill testing the newly developed targets, particularly those with an associated gravity response."

The technical information in this press release regarding the company's mineral projects has been prepared under the supervision of Mr. John Sullivan, BSc., PGeo., a Qualified Person, for the purposes of National Instrument 43-101. Mr. Sullivan is senior officer of Excellon.

About Excellon

Excellon, a mineral resource company operating in Durango and Zacatecas States, Mexico, is committed to building value through production, expansion and discovery. Excellon is producing silver, lead and zinc from the high-grade manto Indicated Mineral Resource on its large Platosa Property, strategically located in the middle of the Mexican silver belt. In calendar 2009, Excellon's focus is on expanding its operating capacity and increasing its Mineral Resources at Platosa through an aggressive exploration program. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system. The equally large Miguel Auza property hosts a Probable Mineral Reserve, was the site of considerable historic mining for silver, (gold), lead and zinc and more recently was exploited by Silver Eagle during 2008. The exploration potential of Miguel Auza remains to be fully evaluated.

On behalf of


"Peter Crossgrove", Chairman

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, the proposed construction of a mill, 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 April 14, 2008 NI 43-101-compliant technical report prepared by Scott Wilson 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.

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.

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