Kilgore Project Drilling Confirms Mineralization In Previous Underdrilled Area

TORONTO - Excellon Resources Inc. reported on the exploration program at its Kilgore Project in Idaho. Final results from the drill program include: 1) 1.37 g/t Au over 81.21 metres in EX22KG004, including 2.77 g/t Au over 15.64 metres and 5.28 g/t Au over 5.54 metres, confirming high-grade mineralization in the Aspen sediments. 2) 0.53 g/t Au over 56.24 metres in EX22KG005, including 2.91 g/t Au over 1.45 metres, successfully testing extension of the existing mineralized envelope to the southwest. 3) 0.74 g/t Au over 115.60 metres in EX2KG001, including 26.50 g/t Au over 0.65 metres, improving definition of the mineralized envelope. Information will be included on future resource and geological modelling to further refine targets.

“We have successfully confirmed mineralization in an area of Kilgore previously underdrilled, returning grade-intervals inline with the current Mineral Resource Estimate cut-off and potentially further extending mineralization to the southwest of the deposit," stated Shawn Howarth, President and CEO. "We have also intersected mineralization in the Aspen sediments, where we are focusing on the potential for higher-grade zones. The information announced today will help us to better understand grade contouring and will be used in future resource modelling and exploration drill programs."