Excellon Announces 10 Metre Sulphide Intercept In New Area.

TORONTO -- Excellon Resources Inc. (TSX VENTURE:EXN) is pleased to announce that drill hole LP05-132 cut 10 metres of massive sulphide mineralization from 138 to 148 metres downhole in an area well outside the currently outlined indicated resource. The hole lies approximately 90 metres northeast of the 6 Manto and 145 metres east-northeast of the N-1 Manto (see map below). The -80 degrees drill hole was targeted on a structure indicated by Natural Source Audio Magneto Tellurics ("NSAMT") geophysics and a strong adjoining biogeochemistry anomaly. Trace mineralization cut in earlier nearby drill holes (LP-24, 28, 29) was also considered in targeting. The intercept consists of massive argentiferous galena and sphalerite with minor patches of unmineralized wallrocks similar to the high grade mineralization currently being mined. Core recovery was over 95% for all but a one metre section where recovery was under 30%. The core has been split and assays are expected early in the New Year. Drilling to seek lateral continuations of this intercept will begin in early January.

Excellon's Chairman, Richard Brissenden, said: "We're extremely pleased to get such an excellent intercept in our last hole of 2005 and are looking forward to beginning 2006 with further drilling in this new area. This mineralization lies well outside the resource we're currently mining and we're hoping the strength of this intercept bodes well for finding a sizeable sulphide body here. This mineralization was found using the same targeting factors that resulted in finding the NE-1 Zone (see press release of March 17, 2005) so we're eager to drill in other places where we've defined similar coincident geophysical and geochemical anomalies."

Qualified Person and Quality Assurance and Control

The Platosa exploration program is designed and supervised by Mr. A. D. MacKenzie, P. Eng., and Dr. Peter Megaw, respectively Excellon's President, and its Consulting Geologist and Exploration Manager of its Mexican subsidiary. Assaying and check-assaying is being performed by ALS-Chemex Laboratories of Vancouver and BSI Inspectorate of Reno, Nevada.

Dr. Peter Megaw, Ph.D., C.P.G., has acted as the Qualified Person as defined in N.I. 43-101, for this disclosure and supervised the preparation of the technical information on which this release is based. Dr. Megaw has a PhD in geology and more than 20 years of relevant experience focused on silver and gold mineralization, and exploration and drilling in Mexico. He is a Certified Professional Geologist (CPG 10227) by the American Institute of Professional Geologists and an Arizona Registered Geologist (ARG 21613). Dr. Megaw is not independent of Excellon as he is a shareholder and his company receives a finder's fee with respect to the Platosa/Saltierra property.

NOTE: There is a map available on CCNMatthews' website at: http://www.ccnmatthews.com/docs/exec1221.doc

On behalf of

EXCELLON RESOURCES INC.

(signed)                            (signed)

A. Douglas MacKenzie,               Richard W. Brissenden,
President                           Chairman

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.

All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management.

Excellon Resources Inc. (TSX VENTURE:EXN)