Excellon Resources Inc. (EXN)

[NYBob]

Excellon Renews Share Buyback Program -
TORONTO, ON--(Marketwired - November 28, 2014) -

Excellon Resources Inc. (TSX: EXN) (OTC PINK: EXLLF) ("Excellon" or
the "Company"), Mexico's highest grade silver producer, is pleased to
announce that the Toronto Stock Exchange (the "TSX") has approved the
notice of its intention to make a normal course issuer bid (the "NCIB
Program").

The Company filed the NCIB Program to allow for market purchases of the Company's common shares. Pursuant to the terms of the NCIB Program, Excellon shall be permitted to purchase common shares for cancellation through the facilities of the TSX at the prevailing market price of the common shares. The Company may purchase a maximum of 5,204,331 common shares (or 10% of the total public float as of November 24, 2014) pursuant to the NCIB Program. Purchases will be subject to a daily maximum of 7,479 common shares, except where such purchases are made in accordance with the "block purchase exception" under the TSX Company Manual. The average daily trading volume for the six calendar months ending October 31, 2014 was 29,920 common shares.

Excellon may make purchases from time to time commencing on December 3, 2014 and ending on December 2, 2015. The NCIB Program has been implemented to improve shareholder liquidity and trading volumes and to allow purchases of common shares by the Company during periods where such common shares are undervalued relative to the Company's business and future prospects.

During the past 12 months, the Company purchased 105,800 common shares at a weighted average price per security of $1.19 under its previous normal course issuer bid program.

Excellon had 54,912,497 issued and outstanding common shares as at the close of business on November 24, 2014.

About Excellon
Excellon's 100%-owned and royalty-free La Platosa Mine in Durango is Mexico's highest grade silver mine, with lead and zinc by-products making it one of the lowest cash cost silver mines in the country. The Company is positioning itself to capitalize on undervalued projects by focusing on increasing La Platosa's profitable silver production and near-term mineable resources.

Additional details on the La Platosa Mine and Excellon's exploration properties are available at

http://www.excellonresources.com

God Bless