Mr. Jeremy Wyeth reports

EXCELLON REPORTS FIRST QUARTER PRODUCTION

Excellon Resources Inc. has released March and first quarter 2012 production results from La Platosa operations in Durango state, Mexico.

Production highlights:

• Silver production in the first quarter 2012 was 480,275 ounces, more than double the first quarter 2011 production of 202,077 ounces.
• Silver production in the first quarter of 2012 exceeded the fourth quarter year-end production of 2011 by 6 per cent.
• Lead and zinc production in the first quarter was a combined 5.3 million pounds.
• In March, 148,395 ounces of silver were produced at an average grade of 793 grams per tonne silver (23.1 ounces per ton silver) compared with forecast production of 120,857 ounces of silver at a forecast grade of 709 g/t silver (20.7 ounces per ton silver).

                                  PRODUCTION HIGHLIGHTS

            Grade (March)                Month (March)                Year to date       
      Tonnes Ag (g/t) Ag (oz/t)    Oz Ag   Lb Pb     Lb Zn     Oz Ag     Lb Pb     Lb Zn
                                                                                 
Actual 6,339     793      23.1   148,395 759,694 1,384,238   480,275 1,921,332 3,383,977

Production update

Planned production for the full year 2012 is now estimated at a minimum of 1.5 million ounces of silver in concentrate, 7.0 million pounds of lead and 11.6 million pounds of zinc as compared with 1.4 million ounces of silver in concentrate and 6.9 million pounds of lead and 11.0 million pounds of zinc in the original plan. Throughput of 71,133 tonnes at an average grade of 757 grams per tonne silver (22.1 ounces per ton silver) is now estimated for 2012, from production at the company's Miguel Auza mill.

Jeremy Wyeth, president and chief executive officer, states: "Increased production in the first quarter reflects the significant benefits of the company's aggressive water control program over the past year. Additional pumping capacity, installation of water-tight doors and development drilling procedures have improved the ability to manage water and reduced production interruptions."

Corporate update

The annual and special meeting for Excellon will be held on May 31, 2012, commencing at 10 a.m. at the Bay Adelaide Centre, 333 Bay St., Suite 2900, Toronto, Ont., M5H 2T4. For further information regarding the annual and special meeting, please contact the investor relations department directly.

We seek Safe Harbor.