Excellon Provides Update ON Restart of Operations
www.excellonresources.com
EXCELLON PROVIDES UPDATE ON RESTART OF OPERATIONS
Toronto, Ontario – June 1, 2020 – Excellon Resources Inc. (TSX:EXN, EXN.WT, OTC:EXLLF and FRA:E4X1)
("Excellon" or the “Company") is pleased to announce that the Mexican Government has officially
declared mining an essential business in the Federal Registry and companies can commence the restart of
operations beginning on June 1 st provided that they meet established COVID-19 guidelines. At this time,
the Company’s Platosa and Miguel Auza operations in Mexico are preparing for a safe restart in the
immediate term.
“We are pleased that the Government of Mexico has confirmed mining as an essential service, facilitating
the restart of our operations,” stated Brendan Cahill, President and CEO. “Our operations and those of the
mining industry throughout Mexico are critical to economic activity in the country and to the well-being
of our employees and the communities that rely on our presence. We will continue to implement our
protocols and remain vigilant to protect our employees, their families and the wider communities as we
restart operations. During the suspension of operations, we have also focused on planning a series of cost-
saving and efficiency initiatives, which we will implement as operations resume.”
During the suspension, critical pumping and routine maintenance of critical infrastructure continued at
both Platosa and Miguel Auza to ensure a smooth restart of operations. The Company is also reviewing
exploration programs to determine a safe restart. The Company has not reported any cases of COVID-19
and there have been minimal cases reported in the surrounding communities.
The Company has progressed several improvement plans that are expected to materially reduce operating
costs. Specifically, the Company is finalizing preparations with a new energy provider, has reduced its
labour force and is negotiating or implementing a series of other optimization or cost-saving initiatives.
The switch in energy providers is expected to result in a significant decrease in unit rates, with energy
recently accounting for approximately 40% of operational expenditures.
The Company has been implementing a series of measures to protect its workforce and the local
communities over the past two months based on evolving international best practice from the U.S. Centers
for Disease Control and the mining industry. The Company is reviewing those measures to ensure that
they are fully functional and meet the Mexican Government requirements prior to resuming operations.
The Company has provided detailed plans to the Undersecretariat of Mining and the Health Ministry to
demonstrate compliance with the prescribed requirements.
The Company’s response to COVID-19 included implementation of the following:
Routine health checks of all persons entering our business units;
Procuring the necessary personal protective equipment and other materials necessary for
effective COVID-19 response;
Physical distancing within the workplace;
Prohibiting entry of visitors and contractors;
Limiting entry of suppliers to those delivering critical operational materials; and
Engaging with local communities to raise COVID-19 awareness, encouraging people to remain at
home and practice physical distancing and providing locally made cloth masks to the communities
of Bermejillo and Miguel Auza.
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: 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, Please Contact:
Excellon Resources Inc.
Brendan Cahill, President & Chief Executive Officer or
Anna Ladd-Kruger, Chief Financial Officer & VP Corporate Development
(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 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, 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, 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 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.