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EXN.V ·

Excellon Provides Update ON Trading Date ON the NYSE American

Corporate Updates

www.excellonresources.com

EXCELLON PROVIDES UPDATE ON TRADING DATE

ON THE NYSE AMERICAN

Toronto, Ontario – September 22, 2020 – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (OTC:

EXLLD) (FRA:E4X2) ("Excellon" or the “Company") advises shareholders that its common shares (the

“Common Shares”) will commence trading on the NYSE American, LLC (the “NYSE American”) in the

coming days, subject to completion of certain duties of the Company’s transfer agent. The Company will

provide an update on the specific date that trading will commence when available.

Excellon’s Common Shares will trade on the NYSE American under the ticker symbol “EXN”. The

Company’s common shares on the OTCQX will continue to be traded until market close on the day prior

to commencement of tr ading on the NYSE American , after which these shares will begin trading under

the ticker symbol EXN on the NYSE American. Excellon’s Common Shares will continue to trade under the

ticker symbol EXN on the Toronto Stock Exchange.

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:

Excellon Resources Inc.

Brendan Cahill, President & CEO or

Anna Ladd-Kruger, CFO & VP Corporate Development

(416) 364-1130

[email protected]

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 E xchange 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 rev enues. Although

the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be co rrect. 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

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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 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.