Excellon Reports Materially Improved Offtake Terms FOR 2017
www.excellonresources.com
EXCELLON REPORTS MATERIALLY IMPROVED
OFFTAKE TERMS FOR 2017
Toronto, Ontario – February 7, 2017 – Excellon Resources Inc. (TSX:EXN and EXN.WT; OTC:EXLLF)
("Excellon" or the “Company"), Mexico’s highest grade silver producer, is pleased to report on the
Company’s recently negotiated offtake arrangements for 2017. The Company’s recently completed
tender process for 2017 offtake of its lead-silver and zinc concentrates had numerous interested parties.
The final terms agreed with two purchasers are materially better than terms seen in recent years and
represent an approximately 60% reduction in treatment and refining charges relative to 2016 based on
budgeted tonnage for 2017 and at current metal prices.
“We are exceptionally pleased with our 2017 offtake arrangements,” stated Brendan Cahill, President
and CEO. “This material reduction in treatment and refining charges directly increases net revenues and
cash flows, while significantly decreasing cash costs per ounce, all very welcome developments in this
important transition year at Platosa. The global zinc market continues to tighten, and we are looking
forward to yet higher zinc and lead prices over the course of 2017.”
About Excellon
Excellon’s 100%-owned Platosa Mine in Durango has been Mexico’s highest-grade silver mine since
production commenced in 2005. The Company is focused on optimizing the Platosa Mine’s cost and
production profile, discovering further high-grade silver and CRD mineralization on the Platosa Project
and capitalizing on the opportunity in current market conditions to acquire undervalued projects in Latin
America.
Additional details on the La Platosa Mine and the rest of Excellon’s exploration properties are available
at www.excellonresources.com.
For Further Information, Please Contact:
Excellon Resources Inc.
Brendan Cahill, President & CEO or
Nisha Hasan, Director, Investor Relations
(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 acqui sitions, 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 [particularly silver], 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
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continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All o f 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 July 9, 2015 NI 43-101-compliant technical report prepared by 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.