Excellon Resources Inc.
TSX VENTURE : EXN

Excellon Resources Inc.

January 25, 2007 12:59 ET

Excellon Grants Incentive Stock Options

TORONTO, ONTARIO--(CCNMatthews - Jan. 25, 2007) - Excellon Resources Inc. (TSX VENTURE:EXN) is pleased to announce it has granted an incentive stock option to Mr. John Sullivan, the Company's new Vice President - Exploration, to purchase up to 400,000 common shares, exercisable at a price of $1.41 for a period of five years expiring on January 25, 2012. The grant of such option is subject to the acceptance for filing by the TSX Venture Exchange of the Company's amended 2004 Incentive Stock Option Plan as approved by the shareholders at the Company's Annual General Meeting held on December 18, 2006.

About Excellon

Excellon Resources Inc., an emerging silver producer, is test-mining and exploring its Platosa/Saltierra Properties in Durango State, Mexico. The Company continues to build a significant treasury, and will remain self-financed as it expands production and explores to extend the definition of Platosa's high grade resources. Excellon has 145,238,657 shares outstanding, and trades on the TSX Venture Exchange under the symbol EXN.

On behalf of

EXCELLON RESOURCES INC.

Richard W. Brissenden, Chairman and Chief Executive Officer

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 TSX Venture 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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