January 12, 2010 15:29 ET

Excellon Reports Record Production Levels and Guidance for 2010

TORONTO, ONTARIO--(Marketwire - Jan. 12, 2010) - Excellon Resources Inc. (TSX:EXN) wishes to announce the Company has changed its fiscal year end to December 31 in order to align its reporting with that of its market peers and to establish a common year end with its subsidiaries in Canada and Mexico. The Company will report a five-month fiscal year for the period ended December 31, 2009 by the end of March 2010.

In connection with this change EXN is pleased to announce the following unaudited key operational performance measures from the Platosa mine and Miguel Auza mill for the year ended December 31, 2009. This summary represents volumes achieved since the Miguel Auza began processing Platosa ore on March 19, 2009 and therefore does not represent a full twelve months of operations.

                                              For the period
                                           March 19, 2009 to
                                           December 31, 2009
                                           -----------------


Ore Milled (t)                                        57,903
Tonnes per operating day                                 201


Head Grades
 Ag (g/t)                                                994
 Pb (%)                                                 8.04
 Zn (%)                                                 8.81


Payable Metal Sold
 Silver (oz)                                       1,368,548
 Lead (lb)                                         6,962,799
 Zinc (lb)                                         6,345,790


Realized Prices
 Silver (US$/oz)                                       15.52
 Lead (US$/lb)                                          0.88
 Zinc (US$/lb)                                          0.84

"The mine and the mill have performed well on a very consistent and reliable basis since the Company began processing its ore at Miguel Auza in March of last year. This ore production represents a record for Platosa, representing the highest nine-month production total ever achieved at Platosa, and in fact exceeding previous twelve-month totals as well," stated Christopher Hopkins, Excellon's Chief Financial Officer. "This has provided a strong and stable cash flow to fund our exploration program. Current cash balances total $6million. Cash is lower at period end due to the purchase of the Company's former joint venture partner's interest in Platosa for $2.5million (including VAT), the expanded exploration program at Platosa and the timing of concentrate shipments at year end."

Excellon is providing these production numbers from its Mexican operation in order to provide stakeholders with a more timely review of recent operational performance. The numbers are preliminary and subject to adjustment.

With the achievement of nine months of stable production and an increased understanding of the operational parameters at Platosa and Miguel Auza, management wishes to provide the following estimates for production and volumes expectations for the twelve months ended December 31, 2010.

                                                    FORECAST
                                              For the twelve
                                                months ended
                                           December 31, 2010
                                           -----------------


Ore Milled (t)                                        72,000
Tonnes per day                                           200


Head Grades
 Ag (g/t)                                                800
 Pb (%)                                                  7.0
 Zn (%)                                                  8.0


Payable Metal Sold
 Silver (oz)                                       1,600,000
 Lead (lb)                                         9,200,000
 Zinc (lb)                                         7,500,000

At current prices these volumes will generate gross revenues of US$45million for the twelve months ended December 31, 2010.

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 Mineral Resource on its large Platosa Property, strategically located in the middle of the Mexican silver belt. In fiscal 2010, Excellon's focus is on expanding its operating capacity and increasing its Mineral Resources at Platosa through a CDN$11 million exploration program where four diamond drills are in operation. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system. The equally large Miguel Auza property hosts an Indicated and Inferred Mineral Resource and was the site of considerable historic mining for silver, (gold), lead and zinc. The exploration potential of Miguel Auza remains to be evaluated and is the object of an exploration program, which began in September.

On behalf of

EXCELLON RESOURCES INC.

Peter Crossgrove, President and Chief Executive Officer

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.