Excellon's Agreement With Ejido La Sierrita Formally Approved

TORONTO, ONTARIO, Apr 21 (MARKET WIRE) --
Excellon Resources Inc. (TSX: EXN) announces that its agreement with the
Ejido La Sierrita was ratified yesterday, Sunday, April 20, 2008. The
ratification is the final step of the formal approval process of the
Ejido La Sierrita.

This long term legal, binding and enforceable agreement with the ejido is
for the use of certain lands to conduct its mining activities. Under the
agreement, Excellon has, amongst other things, agreed to lease from the
ejido 1100 hectares of surface rights for up to 30 years for MX $5,000
pesos per hectare per year, as long as the lease agreement continues in
existence. Further, Excellon has agreed to fund a community development
fund, with an initial payment of MX $3,000,000 pesos and MX $500,000
pesos per year thereafter for up to 30 years, again, as long as the lease
agreement continues in existence. Finally, Excellon will issue 600,000
common shares to the Ejido La Sierrita, which will have a hold period of
four months. As part of this agreement, Excellon will have full ownership
of the 27 hectares on which it currently conducts its mining activities.
Excellon's board of directors has approved this agreement and the TSX has
accepted the notice of filing related to the agreement.

"Excellon is proud of this landmark agreement with the Edjio La
Sierrita," said Peter A. Crossgrove, Excellon's chairman. "It honours our
commitment to the community and protects shareholder value. We look
forward to growing together."

Excellon's commitment to Corporate Social Responsibility

The Company has been an integral part of the local community from the
beginning of its operations at Platosa. It has created employment
opportunities and supported and initiated a large number of projects at
Ejido La Sierrita and in the nearby town of Bermejillo. Many of the
Company's corporate activities have focused on improving the lives of
children located in the communities close to Platosa. The Company has
granted scholarships, modernized a nursery school, expanded the yard of a
primary school, and donated sports equipment to a high school. It
participates in community festivals, financially supports local events,
and provides uniforms for sports teams. It is also a member of the Mining
Task Force of the Canadian Chamber of Commerce in Mexico and a member of
Canadian Business for Social Responsibility. During fiscal 2008, Excellon
plans to develop a formal corporate social responsibility policy and to
ensure that its corporate social responsibility practices are in line
with the industry's best corporate social responsibility practices.

About Excellon

Excellon, a self-sustaining mineral resource company operating in Durango
State, Mexico, is committed to building value through production,
expansion and discovery. The Company is producing silver, lead and zinc
from high grade manto deposits on its Platosa Property, strategically
located in the middle of the Mexican silver belt. In fiscal 2008,
Excellon's focus is on increasing its Mineral Resources through an
aggressive $11million exploration program and expanding its operating
capacity with the building of a mill at site. The Platosa Property, not
fully explored, has several geological indicators of a large mineralized
system, the tracking of which Excellon believes will lead to the
discovery of a world class deposit.

On behalf of

EXCELLON RESOURCES INC.

Peter A. Crossgrove, Chairman

Toronto Stock Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of the content of
this Press Release, which has been prepared by management.

Contacts:
Excellon Resources Inc.
Annemarie Brissenden
Manager, Corporate Communications
(416) 364-1130
(416) 364-6745 (FAX)
Email: abrissenden@excellonresources.com
Website: www.excellonresources.com

Copyright 2008, Market Wire, All rights reserved.

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