Excellon Reports Second Quarter 2014 Production

www.excellonresources.com

EXCELLON REPORTS SECOND QUARTER 2014 PRODUCTION

Toronto,   Ontario   –   July   16,   2014   –   Excellon   Resources   Inc.   (TSX:EXN;   OTC:EXLLF)   ("Excellon"   or   the  “Company"),   Mexico’s   highest   grade   silver   producer,   is   pleased   to   announce   second   quarter   2014 production  results  from  the  La  Platosa  Mine  in  Durango,  Mexico.

Q2  2014  Production  Highlights  (Compared  to  Q2  2013)  

• Silver  equivalent  (“AgEq”)  ounces  produced  increased  by  58%  to  636,713  AgEq  oz  including:  
  • 48%  increase  in  silver  production  to  374,266  oz  
  • 52%  increase  in  lead  production  to  2.3  million  lb  
  • 26%  increase  in  zinc  production  to  3.1  million  lb  
• Year-­‐to-­‐date  AgEq  ounces  increased  37%  to  1.2  million  AgEq  oz  relative  to  same  period  in  2013  
• Production  on  track  to  meet  2014  targets  with  development  progressing  into  higher  grade  mantos  
• $10.9  million  in  cash,  receivables  and  marketable  securities  as  at  June  30,  2014    

($9.1  million  as  at  March  31,  2014)  

“Consistently  strong  production  over  the  past  four  quarters  has  delivered  solid  cash  flow  and  allowed  us to   restart   our   exploration   program   at   Platosa,”   stated   Brendan   Cahill,   President   and   Chief   Executive Officer.   “We   are   continuing   our   development   into   the   as   yet   untapped   623   Manto,   hosting   an exceptionally   high   grade   resource   of   over   1,200   g/t   Ag,   which   should   result   in   continued   production improvements  in  the  coming  quarters.”

Q2  2014  Production  Results  

• Subject  to  adjustment  following  settlement  with  concentrate  purchaser.

**  Silver  equivalent  ounces  established  using  average  metal  prices  during  the  period  indicated  applied  to  the  recovered  metal   content  of  concentrates.      

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Ore  production  during  the  second  quarter  was  primarily  from  the  6A  and  Guadalupe  (North,  Main  and South)  mantos.  Grades  during  the  quarter  were  generally  in  line  with  estimates  for  the  Platosa  mineral resources   mined   during   the   period.   The   Company   expects   to   develop   into   the   higher   grade   623   and Rodilla  mantos  later  in  2014.    Relative  to  the  second  quarter  of  2013,  the  Company  realized  significant improvements   in   tonnes   mined   and   milled   and   metals   produced,   which   were   partially   the   result   of relatively   weak   production   during   that   prior   comparable   period   due   to   necessary   mine   development. Production  also  improved  relative  to  the  first  quarter  of  2014  as  increased  tonnes  milled,  and  improved recoveries  resulted  in  increased  silver  and  zinc  production.  Platosa’s  significant  lead  and  zinc  byproducts continue  to  provide  an  effective  buffer  during  the  recent  periods  of  relatively  lower  silver  prices.

Outlook  

The  Platosa  operation  is  working  to  incrementally  increase  daily  production  throughout  2014,  with  an initial   target   of   210   tpd,   a   9%   increase   over   2013.     This   target   will   be   assessed   and   adjusted   by management  on  an  ongoing  basis  as  the  Company  continues  to  focus  on  improving  and  strengthening operational  efficiencies  at  the  Platosa  mine  and  Miguel  Auza  mill.  The  mill  had  approximately  55%  spare capacity   during   2013,   leaving   significant   availability   for   increased   tonnage   throughput.   The   Company continues  to  seek  custom  milling  opportunities  in  the  Miguel  Auza  region  to  increase  mill  utilization.

Excellon  expects  to  meet  its  2014  production  targets,  with  current  development  focused  on  accessing higher  grade  mantos.

The  Company  expects  to  release  second  quarter  financial  results  prior  to  market  open  on  July  30,  2014.

About  Excellon

Excellon’s   100%-­‐owned   and   royalty-­‐free   La   Platosa   Mine   in   Durango   is   Mexico’s   highest   grade   silver mine,  with  lead  and  zinc  by-­‐products  making  it  one  of  the  lowest  cash  cost  silver  mines  in  the  country. The   Company   is   positioning   itself   to   capitalize   on   undervalued   projects   by   focusing   on   increasing   La Platosa’s  profitable  silver  production  and  near-­‐term  mineable  resources.

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 [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  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  

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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   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  March  25,  2014  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.