Mr. Brendan Cahill reports

EXCELLON REPORTS SECOND QUARTER 2014 PRODUCTION

Excellon Resources Inc. has released second quarter 2014 production results from the La Platosa mine in Durango, Mexico.

Second quarter 2014 production highlights (compared with second quarter 2013)

• Silver equivalent (AgEq) ounces produced increased by 58 per cent to 636,713 AgEq ounces including:
  • 48-per-cent increase in silver production to 374,266 ounces;
  • 52-per-cent increase in lead production to 2.3 million pounds;
  • 26-per-cent increase in zinc production to 3.1 million pounds.
• Year-to-date AgEq ounces increased 37 per cent to 1.2 million AgEq ounces relative to same period in 2013.
• Production is on track to meet 2014 targets with development progressing into higher-grade mantos.
• The company has $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."

                  SECOND QUARTER 2014 PRODUCTION RESULTS

                                                    First half     First half
                         Q2 2014        Q2 2013           2014           2013

Tonnes mined              19,152         13,456         38,354         31,739
Tonnes milled             19,567         13,608         38,457         31,969
Grades
Silver (g/t)                 594            627            607            609
Lead (%)                    6.49           6.62           6.58           6.47
Zinc (%)                    8.88          10.44           8.51          10.20
Recoveries
Silver (%)                  93.0           95.7           92.4           94.1
Lead (%)                    84.8           84.7           84.7           84.7
Zinc (%)                    82.8           84.6           81.7           84.1
Metal production
Silver (oz)              374,266        252,789        740,207        544,002
Lead (lb)              2,304,958      1,514,465      4,651,724      3,700,257
Zinc (lb)              3,102,239      2,460,728      5,731,921      5,870,006
AgEq (oz)                636,713        401,858      1,226,594        897,387

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 tonnes per day, a 9-per-cent increase over 2013. This target will be assessed and adjusted by management on a continuing 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-per-cent 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.

We seek Safe Harbor.