Excellon Announces Management and Board Additions
www.excellonresources.com
EXCELLON ANNOUNCES MANAGEMENT AND BOARD ADDITIONS
Toronto, Ontario – September 30 , 2020 – Excellon Resources Inc. (TSX:EXN, EXN.WT; NYSE:EXN;
FRA:E4X2) ("Excellon" or the “Company") is pleased to announce the appointment of Paul Keller, P. Eng.
as Chief Operating Officer and Alfred Colas, CPA, CA as Chief Financial Officer. Mr. Keller has already
joined the Company and Mr. Colas will be joining in mid -October. Anna Ladd -Kruger has stepped down
to pursue a CFO role with another precious metals company. Ms. Ladd -Kruger will join the Company’s
Board of Directors effective immediately as a non-independent director.
"Paul and Alfred greatly enhance our management depth and effectiveness ," stated Brendan Cahill,
President and Chief Executive Officer. "We expect that their experience, judgment, and strong operational
and financial expertise will deliver value to the compan y as we continue to improve operations and
advance our strategic growth objectives in this exciting precious metal bull market.”
Mr. Cahill continued, “I sincerely thank Anna for her exceptional efforts in the Company’s transformation
over the past year. We are truly delighted to have her continue with the Company as a Board member,
where she will continue to provide strategic guidance and oversight. We wish her the best of luck in her
new role as CFO of McEwen Mining Inc.”
Paul Keller is a professional engine er with over 30 years of industry experience. He is a n experienced
mining executive with mine development and operations experience in North America, Africa and Latin
America. He was most recently Senior VP Major Projects and COO of Trevali Mining, a zinc-focused, base
metals mining company with four commercially producing oper ations in Africa, Canada and Peru. Mr.
Keller led the development of Trevali’s Canadian and Peruvian projects from permitting through
development to operation. He was also instrumental in business optimization and capital growth projects
at Trevali’s Afric an operations. Mr. Keller has expertise building mines from greenfield through to
permitting, design and operating phases, while developing operational teams. He has been COO of several
junior mining companies and worked in various management roles at Barrick’s Hemlo Mine in operations,
engineering and maintenance after beginning his career with Rio Algom Limited . Mr. Keller holds a
Bachelor of Engineering – Mining from Laurentian University.
Alfred Colas is an experienced financial executive and was most recently the CFO of Arch Corporation, a
Toronto-based private-equity investment firm and asset manager. Mr. Colas joined the founder at start -
up and led the establishment of a subsidiary in the Dubai Internatio nal Financial Centre, acting as an
investor-facing ambassador for the firm and serving on the local board of directors. Mr. Colas has over
18 years of progressive experience in the mining industry, most recently as VP and CFO of First Nickel, a
TSX-listed junior nickel and copper producer , and Controller of Rainy River Resources, a junior gold
exploration company, where he contributed to the successful raising of over $130 million in equity . He
also spent 13 years at Barrick, including three years as the financial head of Barrick’s Veladero Mine, where
he was a member of the leadership team that successfully turned around the operation, which reached
over US$1 billion in revenues. Mr. Colas sits on the board of a housing corporation affiliated with the
University of Toronto. He is a Chartered Professional Accountant and completed a Bachelor of Commerce
at the University of Toronto before starting his career at Price Waterhouse.
About Excellon
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Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation
for the benefit of our employees, communities and shareholders. The Company is advancing a precious
metals growth pipeline that inc ludes: Platosa, Mexico’s highest -grade silver mine since production
commenced in 2005; Kilgore, a high quality gold development project in Idaho with strong economics
and significant growth and discovery potential; and an option on Silver City, a high -grade epithermal
silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The
Company also aims to continue capitalizing on current market conditions by acquiring undervalued
projects.
Additional details on Excellon’s properties are available at www.excellonresources.com.
For Further Information:
Excellon Resources Inc.
Brendan Cahill, President & CEO
(416) 364-1130
www.excellonresources.com
Forward-Looking Statements
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. 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 rega rding 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, business and financing plans, business trends and future operating rev enues. 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 si milar 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 look ing 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, the Company's inability to obtain any necessary permits, consents
or authorizations required for its activities, to produce minerals from its properties successfully or profitabl y, 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 September 7, 2018 NI 43-101 technical report prepared by SRK Consulting (Canada) 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.