Excellon Resolves Labour Action at Platosa
www.excellonresources.com
EXCELLON RESOLVES LABOUR ACTION AT PLATOSA
Toronto, Ontario – April 1, 2022 – Excellon Resources Inc. ( TSX:EXN, NYSE:EXN, FRA:E4X2) (“Excellon”
or the “Company”) is pleased to report the resolution of the previously reported labour action at the
Platosa Mine in Durango, Mexico and the expected resumption of ordinary operations at Platosa later
today.
“We are looking forward to the immediate resumption of normal mining operations at Platosa ,” stated
Brendan Cahill, President and CEO. “Our Q1 production and financial results will be impacted by this
labour action, but we intend to continue the solid production we realized in January and February into
Q2. We thank our staff and workers for their patience and perseverance in moving this issue through to a
resolution. We hope to resume our longstanding positive relationship with the Sindicato Nacional Minero
Metalúrgico through the remainder of the mining operation.”
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, a high-grade silver mine producing in Mexico since 2005;
Kilgore, an advanced gold exploration 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
(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, statements regarding mineral resources estimates,
the future results of operations, performance and achievements of the Company, inclu ding potential strategic transactions, 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, qual ity 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 obta in any necessary
permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its
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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.