Excellon Resources Inc.

Excellon Resources Inc.

May 13, 2009 15:27 ET

Excellon Comments on Previous Filings

TORONTO, ONTARIO--(Marketwire - May 13, 2009) - Following a review of Excellon's (TSX:EXN) continuous disclosure in connection with its recently announced rights offering, pursuant to National Instrument 51-102 - Continuous Disclosure Obligations, Excellon has filed on SEDAR, as a material contract, the Silver Purchase Agreement dated September 4, 2007 with Auramet Trading Inc.

Excellon notes that this agreement, while historically relevant, has been effectively terminated and Excellon has no further intention of conduct pursuant to the Agreement. The contract was filed, and this press release is being issued, pursuant to a request of staff of the Ontario Securities Commission.

Pursuant to NI 51-102 - Continuous Disclosure Obligations, Excellon also acknowledges that a number of its material change reports filed last year, in April 2008, should in fact have been filed at an earlier date. The Company has reviewed its measures to ensure prompt filing of material change reports.

About Excellon

Excellon, a mineral resource company operating in Durango State, Mexico, is committed to building value through production, expansion and discovery. Excellon is producing silver, lead and zinc from high-grade manto deposits on its Platosa Property, strategically located in the middle of the Mexican silver belt. Excellon is currently shipping its ore to Silver Eagle's Miguel Auza mill. Excellon has agreed to acquire all of the outstanding shares of Silver Eagle. The agreement is subject to approval by Silver Eagle shareholders at a shareholders' meeting scheduled for May 28, 2009. In calendar 2009, Excellon's focus is on expanding its operating capacity and increasing its mineral resources through an aggressive exploration program. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system.

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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