Mr. Brendan Cahill reports

EXCELLON ANNOUNCES MANAGEMENT CHANGES

Excellon Resources Inc. has made key additions to its management and technical advisory team. In a continuing effort to continually improve operations and realize further efficiencies at the Platosa mine, the company has engaged a team of water management consultants, including Multiurethanes Ltd., Hydro-Ressources Inc. and Technosub Inc.

Multiurethanes Ltd. is a technical services company specializing in support services for grouting operations in heavy civil construction, utility and mining industries. The company is led by Peter White, a mining engineer and renowned grouting specialist with over 30 years of experience in international mining projects in Canada, United States, Mexico, South America, Europe and Asia. He is an expert in controlling major water inflows and troubleshooting difficult grouting projects. Mr. White has supervised and designed grouting programs for several companies including, Vale, Goldcorp, KGHM, De Beers, Nyrstar, Pan American Silver and Agnico Eagle Mines.

Hydro-Ressources Inc. is led by Michael Verreault, a hydro-geologist and expert in optimizing water management and mine dewatering. He has worked on several projects using groundwater recharge, numerical simulation, tracer test and hydro-geological studies in groundwater and surface water. Mr. Verreault has worked on several notable projects for Goldcorp, Osisko and Iamgold and on Cameco's Cigar Lake deposit.

Technosub Inc. is one of the premiere suppliers of pumps in Canada, supplying pumps to 65 per cent of Canadian mines and 80 per cent of underground mines in Canada. The company provides an integrated platform for efficient dewatering systems from concept design, through pump supply and continuing maintenance. Technosub has provided pumping solutions to, among others, Detour Gold (Detour Lake), Debeers (Victor), Rio Tinto (Labrador Trough) and Agnico Eagle (Canada and Mexico).

The company has also engaged Marty Dregischan as a technical consultant to co-ordinate continuing enhanced water management efforts. He has over 15 years of international mining experience, with project economics, underground mining and geotechnical evaluations and was previously an analyst at Fraser Mackenzie and consulting mining engineer at Roscoe Postle Associates, Toronto-based international geological and mining consultants. Mr. Dregischan has a BSc in mining engineering from Queens University and a master's degree in applied earth science in mining from Delft University of Technology, Netherlands.

Additionally, the company has appointed Jose Gerardo Rovelo Saenz as senior operations manager, overseeing the company's Platosa mine and Miguel Auza mill. Mr. Rovelo is a mining engineer with over 25 years of experience in underground mining. Most recently Mr. Rovelo was general manager of First Majestic Silver Corp.'s La Guitarra mine and operations superintendent at La Encantada mine. At both operations, he was instrumental in reducing costs, enhancing technical capabilities and improving production. He also previously worked as mine manager at Diabras Mexicana's Bolivar mine and held various engineering positions with Grupo Mexico. He holds a mine engineering degree and MBA from Instituto Tecnologico de Parral. Mr. Rovelo succeeds Robert Moore, who had served as the company's chief operating officer since 2009.

"On behalf of the board and the entire Excellon team, I would like to thank Mr. Moore for his contributions over the past years and wish him well in his future endeavours," stated Brendan Cahill, president and chief executive officer. "Our focus for 2015 continues to be on decreasing costs and increasing production. Further improvements to water management at Platosa represent a tremendous opportunity. Currently, 75 per cent of our direct mining costs relate to water management alone, with the majority spent on pumping and electricity. Developing a long-term solution to water infiltration at Platosa, with the goal of dramatically increasing production and decreasing costs will transform the operation. We look forward to working with these seasoned experts, each of whom will enhance the capabilities of our already competent team on the ground and develop a more permanent solution." Furthermore, Peter Crossgrove has now assumed the role of chairman from his previous role as executive chairman of the company.

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