Excellon Reports Improved Silver Grade, Production at La Platosa Mine

Excellon Resources

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. Highlights Production 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

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