GOLD & SILVER PICKS

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Excellon Reports November Production
Toronto Stock Exchange - EXN

TORONTO, Dec. 17, 2012 /CNW/ -

Excellon Resources Inc.
(TSX:EXN) ("Excellon" or "the Company"),
Mexico's highest grade silver producer, is pleased to
report November 2012 production from its
La Platosa Mine in the state of Durango, Mexico.

Production Highlights for November 2012:

Silver production of 124,491 ounces at an
average ore grade of 671 g/t Ag,
exceeding budgeted production of 116,809 ounces;
Lead and zinc production of a combined 2.38 million pounds,
exceeding budgeted production of a
combined 1.47 million pounds.
Production Update:

November 2012 2012 to Date
Tonnes 6,068 43,749
Silver (g/t) 671 845
Silver (oz/T) 19.57 24.65
Silver (oz) 124,491 976,236
Lead (lb) 757,164 5,215,446
Zinc (lb) 1,626,332 9,910,728

The Company remains on track to reach or exceed forecasted
annual production of 49,000 tonnes1
totaling 1.1 million ounces of silver,
5.5 million pounds of lead and
9.9 million pounds of zinc.

Metal recoveries and zinc and lead grades were
significantly in excess of budget during the month.

Corporate Update:

OECD Vindicates Excellon

Excellon is also pleased to announce that the National Contact Point in Mexico (the "Mexican NCP") of the Organization for Economic Coordination and Development (the "OECD") recently published its decision in respect of certain claims made against Excellon by the non-governmental organization ProDESC on behalf of the Ejido La Sierrita, the Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana (an affiliate of the United Steelworkers) and other related groups.

The Mexican NCP determined that these claims did not justify
further examination based on the OECD guidelines as
none of the claims had been proven or substantiated.

"Excellon is pleased with this decision as it allows us to
refocus on production, exploration and building strong and
lasting relationships with our local communities,"
stated Brendan Cahill, President of the Company.

"With the facts corrected and these complete misrepresentations
now behind us, we have a bright future in Mexico.
We look forward to further realizing the wealth of
La Platosa during 2013 for the benefit of the communities
of Bermejillo and Mapimi, our stakeholders and our shareholders."

The Mexican NCP consulted various regulatory ministries in Mexico,
including the Ministry of the Environment and Natural Resources
(SEMARNAT), the National Agrarian Registry (NAR),
the National Water Commission (CONAGUA) and
the Ministry of Labor and Social Welfare (STPS).

The Mexican NCP noted in particular the following statements
by these regulators:

CONAGUA: "CONAGUA does not perceive that the company has
incurred in any sanctionable activity;" and
STPS: "the matters and evidence provided by the complainants do
not prove any violation to the [guidelines]."
The Mexican NCP further stated that "with respect to the
negotiation of the collective bargaining agreement of the
company, the facts enable us to determine that the problem is
essentially of an intra-union nature deriving from a dispute
over title to the collective bargaining
agreement between two unions."

The OECD decision and a certified translation have been posted in the "Community" section of Excellon's website at www.excellonresources.com, along with other background material.

About Excellon

Excellon's high-grade silver production drives transformative
exploration potential.
The Company's 100%-owned 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.
With 41,000 hectares of exploration ground surrounding the mine,
Excellon is focused on discovering the large-tonnage Source
of the high-grade silver mantos currently in production.
Such a discovery has the potential to transform
La Platosa into the next major project in
Mexico's prolific CRD/silver belt.

The Toronto Stock Exchange has not reviewed ---- the Platosa Property. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

1 The Company revised its production forecast in October
following an illegal blockade that halted production
from July 8th to October 16th.


SOURCE: Excellon Resources Inc.

For further information:
Excellon Resources Inc.
Joanne C. Jobin, Vice President, Investor Relations
T. [phone] E. [e-mail]
W. http://www.excellonresources.com

http://www.newswire.ca/en/story/1090287/excellon-reports-november-production

http://www.excellonresources.com/Investors/Press-Releases.aspx?CnwID=135082

http://www.excellonresources.com/Projects/Platosa.aspx

http://www.excellonresources.com/cmsassets/DEC%202012%20vol%201.pdf