Excellon Strengthens Board With New Appointments

TORONTO, ON--(Marketwired - December 20, 2016) - Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (OTC: EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce the appointment of Ms. Daniella Dimitrov and Dr. Laurence (Laurie) Curtis to its Board of Directors.

"We are extremely pleased to welcome Daniella and Laurie to the Board," stated André Fortier, Chairman. "Both have had tremendously successful careers, and their diverse leadership experience and capital markets backgrounds will be invaluable as we continue the corporate development of Excellon."

Ms. Dimitrov has over 20 years of experience in building, operating and streamlining businesses in mining and financial services. She served as CEO and previously as CFO of Orvana Minerals and as Executive Vice Chair of Baffinland Iron prior to its acquisition for $600M. Previously, she served as COO of Dundee Securities, SVP Strategic Initiatives with Raymond James and corporate counsel with a Canadian law firm. Ms. Dimitrov is or has been a director of a number of mining companies including Aldridge, Alloycorp, Baffinland, Commonwealth Silver (Chair) and Orvana and has chaired or been a member of various committees of such boards. She has also served as a director of the Ombudsman for Banking Services and Investments. Ms. Dimitrov has an Executive MBA from Kellogg and Schulich business schools and a law degree. Ms. Dimitrov was chosen as one of the top 100 Global Inspirational Women in Mining for 2016 and is a Canada Board Diversity Council -- 2016 Diversity 50 Candidate.

Dr. Curtis brings over 40 years of experience in the mining industry and capital markets, with a proven track record in corporate development, mine development and project financing. He is the founder of Intrepid Minerals, and was a key member of the senior management and technical teams overseeing all aspects from discovery through operations. Under his guidance as CEO and COO, Intrepid transitioned through merger and acquisition to become a gold producer and developer, ultimately attaining a market capitalization in excess of $1.2 billion. During his distinguished career as an exploration geologist, Laurie was involved with a number of worldwide discoveries including the initial discovery and staking of the Back River gold belt, which now hosts the 5M-ounce gold deposit held by Sabina Gold & Silver Corp., and led teams to the discovery of several epithermal systems in the Caribbean Basin. He was actively involved as director of several junior developers with producing mines on several continents including, Wheaton River Minerals, High River Gold Mines, Breakwater Resources and Buryatzolo. Dr. Curtis has also held several positions in the financial sector including, Research and Analyst Mining for Clarus Securities, Vice President and Senior Analyst Global Resources for Dundee Capital Markets. Most recently he has become Technical Advisor, Capital Markets for a number of funds, including the Tribeca Global Resources Fund. Dr. Curtis is currently Chair of Eastmain Resources and a director of Toachi Mining Inc.