Excellon Reports Improved Silver Grade, Production at La Platosa Mine

Excellon Resources (OTC: EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce significantly improved silver grade, produced ounces and costs during July and August at the La Platosa Mine in Durango, Mexico.HighlightsProduction grades of ~900 g/t Ag (~26 oz/T) in July/August, including over 160,000 ounces of silver production in August;2.1 million silver equivalent ounces of production targeted for the year 2013;$14.00 all-in cost per silver equivalent ounce targeted for the year 2013."The development into higher grade zones completed in the first half of the year has put our high-grade, low-cost silver production at La Platosa firmly back on track," stated Brendan Cahill, President and Chief Executive Officer. "Grades and ounces produced during the third quarter have been better than projected and our net cash costs remain among the lowest in the industry.  We expect to see our all-in costs trending lower through the remainder of the year."July and August 2013 Production Results      August 2013         July 2013        8-Mos 2013    Tonnes Mined 5,933      5,066     42,738     Tonnes Milled 6,107      4,262     42,338      Grades:   Silver (g/t) 897      895     688     Silver (oz/T) 26.2      26.1     20.1     Lead (%) 7.45      5.84     6.56     Zinc (%) 8.87      8.03     9.79      Recoveries:   Silver (%) 91.7      94.6     93.8     Lead (%) 82.3      87.0     84.6     Zinc (%) 82.6      83.0     83.8      Metal Production:     Silver (oz) 161,559      126,131     879,124     Lead (lb) 825,264      477,245     5,169,690     Zinc (lb) 985,956      625,772     7,675,678     Ag Eq (oz) 229,480      167,494     1,360,825      Cost:   Net Cash/Ag Oz $5.31      $8.40     $8.19     All-In/Ag Eq Oz $11.03      $10.60     $16.54     Subject to adjustment following settlement with concentrate purchaser.Silver equivalent ounces established using prices See full press release