Excellon Files Updated Silver City Technical Report
www.excellonresources.com
EXCELLON FILES UPDATED SILVER CITY TECHNICAL REPORT
Toronto, Ontario – July 18, 2022 – Excellon Resources Inc. (TSX:EXN; NYSE:EXN; FRA:E4X2) (“Excellon”
or the “Company”) is pleased to announce the filing of an updated independent technical report for the
Silver City Project in Saxony Germany, which has been prepared in accordance with National Instrument
43-101 (the “Technical Report”). A copy of the Technical Report is available on both SEDAR at
www.sedar.com and the Company’s website at www.excellonresources.com.
Recommendations from the Technical Report
The author of the Technical Report, Mr. Michael J. Robertson, Pr.Sci.Nat (400005/92); MAusIMM
(316078), of the independent consulting firm The MSA Group (Pty) Ltd., has concluded that the Company’s
proposed work program, outlined below, is appropriate for the Silver City Project. The main components
of the program are:
• Step-out diamond drilling at Bräunsdorf to assess the extent and nature of mineralization below
workings of the historical Neue Hoffnung Gottes Mine.
• Step-out diamond drilling at Grauer Wolf and Reichenbach to confirm the continuity of the known
mineralization along the strike and towards depth.
• Step-out diamond drilling at Großvoigtsberg to confirm continuity of the known mineralization
along the strike and towards depth, particularly in the areas where rich ore shoots were
documented during historical mining.
• Drill testing of magnetic lineaments and inferred geological contacts near Grauer Wolf and
Reichenbach.
• Drill testing of magnetic lineaments and inferred geological contacts at Obergruna where
historical mapping indicates the presence of mineralized veins.
• Fence drilling at Langhennersdorf to test soil anomalies.
• Test continuation of high-grade ore shoot below Erzengel Michael Mine at Mohorn Licence
• Drill test extensions of the vein below Friedrich August mine at Frauenstein
• Drill test mineralization below and along strike of Bergmännische Hoffnung mine at Oederan
• An airborne magnetic survey in selected areas to complement the dataset that was obtained
during the earlier surveys.
• High-resolution resistivity and chargeability surveys on selected targets including orientation
study in the area of known mineralization.
• Rock magnetic susceptibility study on available drill core for all target areas and all encountered
lithologies to support the interpretation of available and future magnetic survey data.
• Pending the results from the 2021/2022 soil sampling, extend the soil geochemical sampling
program within the Project area.
• Soil geochemical sampling on three lines on the Frauenstein licence.
• Further structural analysis to improve understanding of the contr ols on mineralization and the
implications for exploration targeting.
• Archive work, digitizing and georeferencing historical mine plans.
• Regional exploration work on the rest of the Silver City Project.
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Qualified Person
Jorge Ortega, P.Geo., Vice President Exploration, has acted as the Qualified Person, as defined in NI 43 -
101, with respect to the disclosure of the scientific and technical information contained in this press
release.
About Excellon
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 includes: Kilgore, an advanced gold exploration project in Idaho with strong
economics and significant growth and discovery potential; an option on Silver City, a high -grade
epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration;
and Platosa, a high-grade silver mine producing in Mexico since 2005, scheduled to wind-down in Q3 2022,
with an 11,000 hectare exploration package on Mexico’s carbonate replacement deposit (CRD) trend. The
Company is also actively seeking to capitali ze on current market conditions by acquiring undervalued
projects in the Americas.
Additional details on Excellon’s properties are available at www.excellonresources.com.
For Further Information, Please Contact:
Excellon Resources Inc.
Brendan Cahill, President & Chief Executive Officer
Jorge Ortega, Vice President Exploration
(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 meani ng of Section 27A of the
Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, mineral resources estimates, the future results of
operations, performance and achievements of the Company, including potential strate gic transactions, the timing, content, cost and results of
proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, pro posed production
rates, potential mineral recovery processes and rates, 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 correc t. Forward-looking
statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are thos e,
which, by their nature, refer to future events. The Company cautions investors that any forward -looking statements by the Compan y 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, the Company's inability to obtain any necessary permits, co nsents 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. 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.