Excellon Resources Inc.

Excellon Resources Inc.
Sundance Minerals Ltd.

Sundance Minerals Ltd.

July 25, 2011 09:54 ET

Sundance to Commence Drilling at the Pluton Property in Mapimi, Durango, Mexico

TORONTO, ONTARIO--(Marketwire - July 25, 2011) - Project operator Sundance Minerals Ltd. ("Sundance") and Excellon Resources Inc. ("Excellon") (TSX:EXN) are pleased to announce that they have agreed to commence drilling at the Pluton property in Mapimi, Durango, Mexico. The program consists of a first stage of 3,500 m of diamond drilling to partially-test four out of five targets identified to date in the property. Drilling will be carried by Major Drilling of Hermosillo, Mexico under the supervision of Sundance geologists.

The program will be conducted under the terms of the option agreement between Excellon's Mexican subsidiary Minera Excellon de Mexico, S.A. de C.V. and Sundance's Mexican subsidiary, Minera Teocuitla S.A de C.V., which was effective on October 22, 2010. Excellon may earn a 60% initial interest in the property by incurring C$1,500,000 in exploration expenditures over three years, C$500,000 of which are a firm commitment expected to be completed during the current drilling campaign. Sundance is the project operator during this initial earn-in phase of the agreement. Excellon may earn an additional 15% interest for a total of 75% by completing a pre-feasibility study within another three years.

Sundance controls 100% of the Pluton Property, an extensive 17,000 ha claim block located 20 km west Excellon's Platosa Mine and contiguous with Excellon's Platosa exploration property. The Pluton property contains five large carbonate replacement ("CRD") type targets, two to four kilometres long each, that have been identified and verified with multiple geological, geochemical and geophysical datasets.

The Pluton Property covers the western portion of a large regional magnetic feature that is believed to reflect underlying intrusives favourable to the development of CRD systems. The Platosa Mine is located on the eastern side of the same regional feature and the past producing Ojuela Mine (6 million tonnes of high-grade Ag, Au, Pb, Zn production from a series of CRD chimneys and mantos) sits on the south-central side. The Pluton Property covers favourable geology with sulphide showings and other signs of proximity to a mineralizing source along the extensive (over 15 kilometres) western portion of the above mentioned magnetic feature.

The objective of this campaign is to ground truth geophysical and geochemical anomalies. Specific objectives include obtaining stratigraphic, structural and alteration information at depth, as well as probing vein structures and their connection with carbonate replacement mineralization at depth. This information will provide feedback for further classification and interpretation of ZTEM airborne electromagnetic survey data collected over a portion of the property during the course of a larger survey flown by Excellon in the fall of 2010. Subsequently these data sets will be combined and analyzed with the ultimate goal of developing additional drilling targets, which the companies believe may lead to the discovery of a CRD deposit on the Pluton Property.

About Sundance

Sundance Minerals is an exploration company currently focusing on precious metal projects in Mexico and base metals in Kazakhstan. The company's mission is to create and sustain shareholder value by developing a balanced portfolio of precious metal production in known districts and base metal exploration for world class targets in emerging countries. For further information on Sundance Minerals Ltd., please visit our website www.sundanceminerals.com.

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, 100% owned Platosa Property, strategically located in the middle of the Mexican silver belt. Excellon's focus is on expanding its operating capacity and increasing its Mineral Resources at Platosa where an exploration program focused on diamond drilling and advanced geophysical techniques is ongoing. All of these activities are fully funded through existing cash flow. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system.

On Behalf of:


Jeremy Wyeth, President and Chief Executive Officer


Chris Osterman, President

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 Excellon, 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, business and financing plans, business trends and future operating revenues. Although the Excellon 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 Excellon cautions investors that any forward-looking statements by the Excellon 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 Excellon'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 Excellon'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 Excellon's mineral properties, and particularly the January 15, 2010 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.

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