Excellon Resources Inc.

Excellon Resources Inc.

November 13, 2007 10:11 ET

Excellon Expands Rodilla with Additional Massive Sulphide Intercepts and Announces High Grade Assays

TORONTO, ONTARIO--(Marketwire - Nov. 13, 2007) - Excellon Resources Inc. (TSX VENTURE:EXN) announces four additional significant massive sulphide and sulphide breccia intercepts, ranging from 3.1 to 15.2 metres (m) thick (estimated true thickness) in ongoing drilling on the Rodilla Manto (see table below). The mineralized intercepts in these four vertical holes consist largely of massive sphalerite with subordinate galena and 10 to 20% barite gangue. Assays for these holes are pending. The Rodilla Manto is rapidly emerging as a sub-horizontal massive sulphide lens already 60 by 60 m in plan that appears to strengthen, thicken and deepen to the north-northwest (NNW). Follow-up drilling is focused on enlarging the body to the northwest, where it is completely open.

Assays have been received for two of the Rodilla Manto holes (LP405 and LP408) announced October 16, 2007 (see table below). These two holes respectively show silver values of 282 and 632 g/t (8.2 and 18.4 oz/T); 4.7 and 9% lead; and 12.1 and 10.9% zinc. These values are comparable to those of the Rodilla Manto discovery hole (LP-326), which cut 2.0 m (estimated true thickness) of massive sulphides grading 1,143 g/t (36.8 oz/T) silver with 8.3% lead and 10.7% zinc. Assays have also been received for LP404, which cut 1.0 m of sulphide breccia between the Rodilla and Guadalupe Mantos (see table below).

As known, the Rodilla Manto appears to strengthen, coalesce, thicken and deepen along a central NNW-oriented axis from LP413 to LP424. It remains completely open to the northwest past LP424, and drilling is active in this area. The transition along the axis is pronounced, starting with a 12.5 m thick intercept in LP413 characterized by three massive sulphide layers, each about 2.0 m thick, separated by two incompletely mineralized 3.0 m thick limestone beds. This partial mineralization has disappeared 22 m to the north where LP408 cut 14.2 m of massive sulphides in the same interval. LP424 lies 44 m NNW of LP408 and cut a slightly thicker (15.3 m) massive sulphide interval that bottoms 14.0 m deeper than LP408. Transition away from the axis is also marked, with holes to the east cutting sulphides that diminish progressively to traces. In contrast, holes to the west of the axis cut mineralization 2.0 to 4.8 m thick that rises towards the Guadalupe Manto elevation. Hole LP404 cut 1.0 m of well-mineralized sulphide breccia (see table below) at the elevation of the lower Guadalupe Manto, 40 m west of the uppermost part of the Rodilla Manto, indicating that the link between the two mantos may be made in this general area.

Assay results are also reported for two previously announced sulphide intercepts drilled off the northwestern edge of the Guadalupe South Manto (LP391 & LP392) and three holes drilled in sulphide breccia flanking the main Guadalupe Manto (LP383, 384 & 385) (see press release of August 22, 2007). Results for the two Guadalupe South Manto holes are comparable to the overall high-grade values shown by this manto. Notably one of the three holes in the Guadalupe Manto Breccia is exceptionally high in silver (1,219 g/t or 35.5 oz/T).

"The Rodilla Manto continues to grow quickly and we are pleased to see the strong north-northwest axis running parallel to the neighbouring Guadalupe Manto. Our geologists believe we can detect these structural controls in our geophysical surveys, which should greatly aid our exploration in this completely overburden covered high-potential area," said Richard W. Brissenden, Excellon's CEO and president. "We are also pleased to see strong silver values in the sulphide breccias as we blend this material with high-grade lead and zinc ore to maintain a more constant mill feed grade."

To view the Assay Results table, please visit the following link: http://www.ccnmatthews.com/docs/assayERI1113.pdf.

To view the Location Map (Map 1) & the Mantos and Recent Drill Hole Locations (Map 2), please visit the following link: http://www.ccnmatthews.com/docs/ERImap1113.pdf.

Qualified Persons

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

Dr. Megaw has a PhD in geology and more than 25 years of relevant experience focused on exploring silver and gold systems 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, a self-sustaining mineral resource company operating in Durango State, Mexico, is committed to building value through production, expansion and discovery. The Company 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. In fiscal 2008, Excellon's focus is on increasing its Mineral Resources through an aggressive $11-million exploration program, expanding its operation, and studying the feasibility of building a mill at site. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system, the tracking of which Excellon believes will lead to the discovery of a world class deposit.

On behalf of


Richard W. Brissenden, President 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 mineral properties.

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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