Excellon Resources Inc.

Excellon Resources Inc.

April 11, 2007 01:03 ET

Excellon Discovers Potential Link Between Guadalupe Mantos

TORONTO, ONTARIO--(CCNMatthews - April 11, 2007) - Excellon Resources Inc. (TSX VENTURE:EXN) is pleased to announce that the apparent 60 metre wide "gap" between the Guadalupe and Guadalupe South Mantos appears to be bridged approximately 25 metres above the elevation of these mantos. As part of the ongoing test-mining at Platosa, brecciated sulphide mineralization was traced upwards from the southeast end of the Guadalupe Manto to flat-lying massive silver-galena-sphalerite rich mineralization that is now being mined southeast towards the Guadalupe South Manto. Eighty-six metres farther southeast along this trend, Hole LP07-347 has intersected 5 metres of similar looking massive and brecciated sulphide mineralization at the same elevation 15 metres to the northwest of the limit of the Guadalupe South Manto (see attached map). An earlier hole, LP06-150, drilled 26 metres to the northeast of the Guadalupe Manto, cut 2.75 metres of brecciated sulphide mineralization grading 694 g/t silver, 4.23% lead, and 3.56% zinc at the same elevation and may also be part of the potential bridge.

The Company is also pleased to report that preliminary results from the property-wide airborne electromagnetic (EM) and magnetic (Mag) survey flown by Aeroquest International Limited in February 2007 have been received. Of particular interest is a strong northwest elongate Mag high along the southwest flank of the range beneath the Zorra and Saltillera areas (four to five kilometres west of the Platosa manto deposits) where widespread marble, hornfels, silicification, skarn and local high-grade mineralization occur. Recent drilling in this area has encountered significant thicknesses of polyphase granitic intrusions affected by strong pyritization, potassic and sericitic alteration, and sulphide stringers. EM conductors flank this high in several places and locally correspond to NSAMT conductors from earlier surveys. Similar intrusive systems are central to the largest Carbonate Replacement Deposits worldwide and mineralized skarn bodies along their contacts are major sources of silver, lead, zinc and copper in Mexico. Excellon is incorporating the survey results into its targeting criteria and will continue testing the Saltillera-Zorra area with two diamond drills. The data reviewed by Excellon geologists to date has not been fully processed and interpreted. Excellon expects that final results will be available by early May.

"We are very pleased to be tracing the anticipated link between the Guadalupe and Guadalupe South Mantos, both because continuity of mineralization is a hallmark of major manto systems, and because this represents additional mineralization easily extracted through our existing test-mining infrastructure," said Richard Brissenden, Excellon's chairman and CEO. "We are also pleased to see the extent and strength of the Mag and EM anomalies in the preliminary airborne data. The surface alteration and mineralization above these anomalies has long suggested that the source of the Platosa system lies in this area and the nature of the intrusions and related alteration reinforce this. We look forward to drilling the additional targets we expect will be indicated by the final processed airborne results."

To view the map of Upper Sulphide Heading, please click the following link: www.ccnmatthews.com/docs/exell411.jpg

Qualified Persons

Dr. Peter Megaw, PhD, CPG, and Mr. John Sullivan, BSc., PGeo., both "Qualified Persons," as defined in National Instrument 43-101, have supervised the preparation of the scientific and technical information on which the disclosure in this press release is based.

Dr. Megaw has a PhD in geology and more than 25 years of relevant experience focused on silver and gold mineralization, and exploration and drilling in Mexico. He is a Certified Professional Geologist (CPG 10227) by the American Institute of Professional Geologists and an Arizona Registered Geologist (ARG 21613). Dr. Megaw is not independent of Excellon as he is a shareholder.

Mr. Sullivan is an economic geologist with over 35 years of experience in the mineral industry. Most recently a senior geologist at a Toronto-based international geological and mining engineering consulting firm, he has evaluated properties and prepared National Instrument 43-101 reports on gold and base metal projects in Canada and internationally. Mr. Sullivan is not independent of Excellon as he is an officer and holds common share purchase options.

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 146,063,657 shares outstanding, and trades on the TSX Venture Exchange under the symbol EXN.


Richard W. Brissenden, Chairman and Chief Executive Officer

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 future anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, 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, 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 Platosa/Saltillera mineral 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 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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