Excellon Resources Inc.

Excellon Resources Inc.

January 29, 2010 13:57 ET

Peter Crossgrove Receives Order of Ontario-Ontario's Highest Honour

TORONTO, ONTARIO--(Marketwire - Jan. 29, 2010) - Excellon Resources Inc. (TSX:EXN)

The Honourable David C. Onley invested Peter Crossgrove, Excellon's Chairman and CEO, along with 28 other outstanding Ontarians with the Order of Ontario at a ceremony held yesterday at Queen's Park. Mr. Crossgrove was honoured for his contributions to Ontario's healthcare, cancer care organizations and to the business community. The Province's citation read "Peter Crossgrove is highly successful in the corporate world and known as a volunteer extraordinaire. He is a director of several companies and former senior executive of one of the world's largest mining companies. He has shared his leadership skills as chair of CARE Canada, Cancer Care Ontario and the Canadian Association of Provincial Cancer Agencies to name but a few. His passion and commitment to the treatment and care of cancer patients is unwavering. He has raised millions in support of healthcare services and institutions. Mr. Crossgrove was pivotal in guiding the complex mergers that gave rise to the University Health Network, Canada's largest Health Sciences Centre operating three major downtown Toronto hospitals. He is a true humanitarian and corporate leader." Peter has also served as Treasurer of Care International based in Brussels for twelve years overseeing a budget of US$1.6 billion.

This honour is in addition to the Order of Canada and the Queen Elizabeth II Golden Jubilee Medal awards previously bestowed upon Mr. Crossgrove.

Excellon shares the great pride of Peter's family, friends and colleagues for the much deserved recognition of his outstanding achievements and contributions to the Province of Ontario. The Company wishes to add its own message to that of the Province in saying "Thank you Peter and congratulations."

About Excellon

Excellon, a mineral resource company operating in Durango and Zacatecas States, Mexico, is committed to building value through production, expansion and discovery. Excellon is producing silver, lead and zinc from the high-grade manto Mineral Resource on its large Platosa Property, strategically located in the middle of the Mexican silver belt. In fiscal 2010, Excellon's focus is on expanding its operating capacity and increasing its Mineral Resources at Platosa through a CDN$11 million exploration program where four diamond drills are in operation. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system. The equally large Miguel Auza property hosts an Indicated and Inferred Mineral Resource and was the site of considerable historic mining for silver, (gold), lead and zinc. The exploration potential of Miguel Auza remains to be evaluated and is the object of an exploration program, which began in September.

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.

Contact Information