Excellon Reports Third Quarter 2015 Production

TORONTO, ON--(Marketwired - October 23, 2015) - Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce third quarter 2015 production results from the Platosa Mine in Durango, Mexico.

Q3 2015 Production Highlights (Compared to Q3 2014)

• Silver equivalent ("AgEq") production of 419,583 oz (Q3 2014 - 455,150 AgEq oz)
• Silver production of 241,872 oz (Q3 2014 - 216,379 oz)
• Lead production of 1.3 million lb (Q3 2014 - 1.7 million lb)
• Zinc production of 2.1 million lb (Q3 2014 - 2.7 million lb)

"The third quarter saw improved production with better grades and an improved cost profile," stated Brendan Cahill, President and Chief Executive Officer. "We are aiming for the lower end of our production targets for the year due to the delay in the implementation of the optimization plan for Platosa. The optimization plan continues to be the Company's top priority, with our technical teams currently working to improve the project's efficacy and cost. We expect to provide an update on the optimization plan shortly."

Q3 2015 Production Results

		Q3 2015	Q3 2014	9-Mos 2015	9-Mos 2014
Tonnes Mined		13,711	15,022	41,339	53,376
Tonnes Milled		15,393	14,078	43,850	52,535
	Grades
Silver (g/t)		547	550	516	591
Lead (%)		4.75	7.03	4.83	6.70
Zinc (%)		7.66	10.46	7.76	9.03
	Recoveries
Silver (%)		90.9	91.6	89.0	92.2
Lead (%)		79.9	80.1	77.1	83.3
Zinc (%)		81.7	83.8	81.8	82.3
	Metal Production*
Silver (oz)		241,872	216,379	641,660	956,586
Lead (lb)		1,271,847	1,727,143	3,549,455	6,378,867
Zinc (lb)		2,117,874	2,686,918	6,101,866	8,418,840
AgEq (oz)**		419,583	455,150	1,169,654	1,681,745

*Subject to adjustment following settlement with concentrate purchaser.