Excellon Announces Results From 10-Metre Sulphide Intercept In New Area.

TORONTO -- Excellon Resources Inc. (TSX VENTURE:EXN) is pleased to announce assay results from the 9.3 metre massive sulphide intercept made at its 100% owned Platosa Project in late December (See Press Release of 12/21/05), as announced December 21, 2005. The sulphides were cut between 139.25 and 148.64 metres downhole in drill hole LP05-132 and average 1516 g/t silver (Ag) (49 oz/t), 16.4% lead (Pb), and 15% zinc (Zn) (see table below). The intercept includes 6.14 metres grading 1,918 g/t silver (62 oz/t), 19.6% lead and 15.6% zinc.

Hole LP05-132 lies well outside the area of the currently outlined indicated resource, being approximately 95 metres northeast of the 6 Manto and 145 metres east-northeast of the N-1 Manto and was targeted on a structure indicated by Natural Source Audio Magneto  Tellurics ("NSAMT") geophysics adjoining a strong biogeochemical anomaly. The intercept consists of massive argentiferous galena and sphalerite with patches of unmineralized wallrock. Core recovery was over 95% for all but a one-metre section where recovery was under 30%. The intercept is very similar to the high-grade mineralization currently being mined except for the presence of pyrite, fluorite and barite in the new intercept. Drilling to seek lateral continuations of this intercept will begin shortly.

Excellon's Chairman, Richard Brissenden, said: "We're extremely pleased to get such excellent results from this intercept, as this mineralization lies well outside the resource we're currently mining and we're hoping it reflects discovery of a sizeable new sulphide body. In anticipation of proving this, and reflecting the fact that we cut it on the morning of the day of the Virgin of Guadalupe, Mexico's patron saint, we have named this the "Guadalupe Manto". This marks the second significant sulphide intercept found with our current targeting techniques and we are preparing to drill similar coincident geophysical and geochemical anomalies elsewhere in the area."

TABLE 1 - HOLE LP05-132 INTERCEPT

-------------------------------------------------------------
Interval   Interval    Interval      Ag     Ag     Pb     Zn
-------------------------------------------------------------
From             To      metres     ppm   oz/t      %      %
-------------------------------------------------------------
139.25       148.64        9.39    1516     49   16.4   15.2
-------------------------------------------------------------
including
-------------------------------------------------------------
139.25       145.39        6.14    1918     62   19.6   15.6
-------------------------------------------------------------

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 is being performed by SGS Laboratories of Don Mills, Ontario with check assaying by ALS Chemex of Vancouver and/or BSI Inspectorate of Reno, Nevada.

Dr. Peter Megaw, PhD, CPG, 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 news 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.

On behalf of

EXCELLON RESOURCES INC.

(Signed)(Signed)

A. Douglas MacKenzie,Richard W. Brissenden, PresidentChairman

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)