Excellon Resources Inc.

Excellon Resources Inc.

September 22, 2005 13:46 ET

Excellon Resources Inc.: Proposed Consolidation Not To Proceed

TORONTO, ONTARIO--(CCNMatthews - Sept. 22, 2005) - Excellon Resources Inc. (TSX VENTURE:EXN) is pleased to announce that its directors have determined that it is not in the best interests of the Company to proceed with the proposed consolidation of the Company's common shares that was approved by the shareholders at the Company's 2005 Annual General Meeting.

Excellon has become Mexico's newest silver producer through exploitation of very high-grade massive sulphide mineralization from its Platosa Mine in northeastern Durango State, Mexico. Shipments of crushed ore began on June 16 and the first payment for this ore was received on July 25. Payments for subsequent shipments have been received every two weeks since then. Now that production and cash flow from the test-mining program have been established, an aggressive U.S. $3-million in-mine and district-scale exploration program has been launched and is expected to be completed over the next nine months. A 6,000 metre surface-based diamond drilling program has begun directed at geological, geochemical and geophysical targets interpreted as reflecting large-scale mineralization throughout the balance of Excellon's 14,692-hectare (36,000-acre) Platosa/Saltierra Properties in the district. A parallel program including 3,000 metres of surface drilling, 7,500 metres of underground drilling and 200 metres of direct heading will be carried out with the intent of expanding the identified resources in and around the existing Platosa Mine.

On behalf of


Signed: Signed:

A. Douglas MacKenzie, Richard W. Brissenden,
President Chairman

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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