Excellon Resources Inc.

Excellon Resources Inc.

July 14, 2009 16:01 ET

Excellon Appoints New President and CEO

TORONTO, ONTARIO--(Marketwire - July 14, 2009) - Excellon Resources Inc. (TSX:EXN) is pleased to announce the appointment of Mr. Andre Douchane as President and Chief Executive Officer effective July 15, 2009. Mr. Douchane is a mining engineer with over 30 years of international executive management experience. Mr. Douchane is currently President and CEO of Starfield Resources Inc., Chairman of the Board and former President and CEO of North American Palladium Ltd., and is a member of the Board of Directors of Osisko Exploration Ltd. Previously, Mr. Douchane was President and CEO of Chief Consolidated Mining Co., Vice President Operations of Franco-Nevada Mining Corporation and Battle Mountain Gold, President of Battle Mountain North America and Vice President and General Manager of Round Mountain Gold Company.

Mr. Peter Crossgrove, Excellon's Chairman and Interim Chief Executive Officer will retain his position as Chairman of the Board. Mr. Douchane will be appointed to the Board of Directors at the next meeting of the Board.

"This is an important step in Excellon's development and I am confident that Andre will guide the company to new levels of profitability, activity and growth and enhance shareholder value." said Peter Crossgrove. "His technical and business leadership combined with our existing management strength will provide the foundation for successfully growing all of our operations over the coming years."

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. Excellon is shipping ore to the 100% owned mill in Miguel Auza. 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.

Contact Information