Excellon Announces New High-Grade Assays from Platosa 912 g/t (27 oz/T) Ag, 8% Pb, 12% Zn Over 3.53 m in Hole EX11-LP942 and Provides A General Mexican Exploration Update

Excellon Announces New High-Grade Assays from Platosa 912 g/t (27 oz/T) Ag, 8% Pb, 12% Zn Over 3.53 m in Hole EX11-LP942 and Provides A General Mexican Exploration Update:

Excellon, a mineral resource company operating in Durango and Zacatecas States, Mexico, is committed to building value through production, expansion and discovery. Excellon is producing silver, lead and zinc from the high-grade manto Mineral Resource on its large, 100% owned Platosa Property, strategically located in the middle of the Mexican silver belt. Excellon's focus is on expanding its operating capacity and increasing its Mineral Resources at Platosa where an exploration program focused on diamond drilling and advanced geophysical techniques is ongoing. All of these activities are fully funded through existing cash flow. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system.

TORONTO, ONTARIO--(Marketwire - Oct. 17, 2011) - Excellon Resources Inc. (TSX:EXN) ("Excellon" or "the Company") is pleased to announce assays for nine holes, all from the immediate mine area on its 100% owned Platosa Property in Durango State, Mexico. The best hole was LP942, off the southeast corner of the Rodilla Manto, which intersected 3.53 metres (m) of massive sulphides grading 912 g/t (26.6 oz/T) Ag, 8.36% Pb, 12.48% Zn. Hole LP919, on the northern fringe of the high-grade Pierna Manto intersected 142 g/t (4.1 oz/T) Ag, 5.59% Pb, 6.28% Zn over 1.58 m.

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