Excellon Resources Inc.
TSX VENTURE : EXN

Excellon Resources Inc.

January 30, 2008 08:30 ET

Excellon to Begin Trading on the Toronto Stock Exchange on Monday, February 4, 2008

TORONTO, ONTARIO--(Marketwire - Jan. 30, 2008) - Excellon Resources Inc. (TSX VENTURE:EXN) is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange ("TSX") at market opening on Monday, February 4, 2008. As at the close of trading on Friday, February 1, 2008, the common shares will no longer trade on the TSX Venture Exchange. The Company's trading symbol ("EXN") and CUSIP number (30069C 10 8) will remain the same.

"We're delighted to graduate to the TSX, which is one of Excellon's corporate goals for fiscal 2008," said Richard W. Brissenden, president and chief executive officer. "We are also progressing nicely toward achieving our other objectives: updating our NI 43-101 resource calculation, evaluating the construction of a mill, investing $11 million in exploration at Platosa and increasing production. These are all growth drivers that will continue to add value to Excellon well into the future."

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

EXCELLON RESOURCES INC.

Richard W. Brissenden, President and Chief Executive Officer

Neither the TSX nor the TSX Venture Exchange has reviewed, and neither the TSX nor the TSX Venture Exchange accept responsibility for the adequacy or accuracy of, the content of this Press Release, which has been prepared by management. 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.

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