Excellon Announces Long-Term Concentrate Deal and Resumption of Exploration Drilling

TORONTO, ONTARIO, Jun 16 (MARKET WIRE) --
Excellon Resources Inc. (TSX: EXN) is pleased to announce that it has
entered into a long-term off-take agreement to sell its lead-silver and
zinc-silver concentrates to Consorcio Minero de Mexico Cormin Mex, S.A.
de C.V. ("Cormin Mexico"), a Trafigura Group Company. Cormin Mexico is
based in Mexico City, is a trader of base metal concentrates and provides
financial services to the mining industry. The agreement is for two
years. Excellon will commence concentrate shipments this week from its
recently acquired Miguel Auza mill to Cormin Mexico's Port of Manzanillo
facility. The Miguel Auza mill continues to operate well and is producing
concentrate from all of the high-grade ore that has been delivered from
Platosa since March 2009.

The Company is also pleased to announce that exploration diamond drilling
will resume at the Platosa Property with two rigs in early July. One rig
will continue exploration of the NE-1 Manto where hole EX08LP-614, one of
the last drilled before the suspension of drilling in late October
intersected 1,064 g/t silver, 14.6% lead and 6.2% zinc over an estimated
true thickness of 7.6 metres. The second drill will test geological and
geophysical targets in the general vicinity of the Platosa Mine. The
Company's geologists believe these targets may represent sulphides in
underexplored portions of the favourable fragmental limestone unit, which
hosts the high-grade mantos now being exploited.

"We are very pleased to have reached this new long-term agreement after a
lengthy formal bid process. In addition, the resumption of diamond
drilling is another important step in continuing to realise the full
economic potential of the Platosa property." says Peter Crossgrove,
Excellon's Chairman and Interim CEO.

About Excellon

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 Indicated Mineral Resource on its large Platosa
Property, strategically located in the middle of the Mexican silver belt.
In calendar 2009, Excellon's focus is on expanding its operating capacity
and increasing its Mineral Resources at Platosa through an aggressive
exploration program. The Platosa Property, not fully explored, has
several geological indicators of a large mineralized system. The equally
large Miguel Auza property hosts a Probable Mineral Reserve, was the site
of considerable historic mining for silver, (gold), lead and zinc and
more recently was exploited by Silver Eagle during 2008. The exploration
potential of Miguel Auza remains to be fully evaluated.

On behalf of

EXCELLON RESOURCES INC.

Peter Crossgrove, Chairman

This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 27E of the Exchange Act.
Such statements include, without limitation, statements regarding the
future results of operations, performance and achievements of the
Company, including potential property acquisitions, the timing, content,
cost and results of proposed work programs, the discovery and delineation
of mineral deposits/resources/reserves, geological interpretations,
proposed production rates, potential mineral recovery processes and
rates, the proposed construction of a mill, business and financing plans,
business trends and future operating revenues. Although the Company
believes that such statements are reasonable, it can give no assurance
that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are
those, which, by their nature, refer to future events. The Company
cautions investors that any forward-looking statements by the Company are
not guarantees of future results or performance, and that actual results
may differ materially from those in forward looking statements as a
result of various factors, including, but not limited to, variations in
the nature, quality and quantity of any mineral deposits that may be
located, significant downward variations in the market price of any
minerals produced (particularly silver), the Company's inability to
obtain any necessary permits, consents or authorizations required for its
activities, to produce minerals from its properties successfully or
profitably, to continue its projected growth, to raise the necessary
capital or to be fully able to implement its business strategies. All of
the Company's public disclosure filings may be accessed via www.sedar.com
and readers are urged to review these materials, including the technical
reports filed with respect to the Company's mineral properties, and
particularly the April 14, 2008 NI 43-101-compliant technical report
prepared by Scott Wilson Roscoe Postle Associates Inc. with respect to
the Platosa property. This press release is not, and is not to be
construed in any way as, an offer to buy or sell securities in the United
States.

The 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.
Morgan Knowles
Manager, Investor Relations
(416) 364-1130
Email: mknowles@excellonresources.com
Website: www.excellonresources.com

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