Mr. Shawn Howarth reports

EXCELLON PROVIDES UPDATE ON KILGORE GOLD PROJECT

A U.S. district court ruled in support of the U.S. Forest Service authorization of Excellon Resources Inc.'s plan of operations for the Kilgore gold project to conduct mineral exploration activities in the Dubois Ranger district, Clark county, Idaho.

"We are pleased with this decision and look forward to continuing our exploration of the Kilgore gold project," stated Shawn Howarth, president and chief executive officer of Excellon.

As required by the National Environmental Policy Act (NEPA), the Dubois Ranger district, Caribou-Targhee National Forest and FS Region 4 conducted an environmental assessment of the plan submitted to the USFS in July, 2020. After thorough review, the USFS determined that the plan included appropriate safeguards and issued a decision notice/finding of no significant impact. In fourth quarter 2021, the USFS authorized Excellon's plan to conduct mineral exploration activities in the Dubois Ranger district, Clark county, Idaho.

In second quarter 2022, the Idaho Conservation League and Greater Yellowstone Coalition filed a legal action in the U.S. District Court, challenging the USFS approval of the plan. The action followed the denial by the U.S. District Court of a motion filed by the ICL/GYC to reopen the 2018 proceeding against the USFS. Excellon Idaho Gold Inc., a subsidiary of Excellon, filed a motion to intervene as a defendant intervenor to protect its interests in the matter. These legal proceedings did not impact the 2022 Kilgore drilling program.

Following scheduled briefings and a hearing to adjudicate the matter on May 10, 2023, the court ruled in favour of the USFS and Excellon on Aug. 4, 2023, upholding the EA and DN/FONSI and rejecting ICL/GYC's claims against the USFS.

The memorandum decision and order, EA and DN/FONSI are available on Excellon Idaho Gold's website.

Quarterly filings

Today, the company filed its condensed consolidated financial statements for the three- and six-month periods ended June 30, 2023, and 2022, and associated management's discussion and analysis under the company's profile on SEDAR+.

About Excellon Resources Inc.

Excellon's vision is to realize opportunities through the acquisition of advanced development or producing assets with further potential to gain from an experienced management team for the benefit of its employees, communities and shareholders. The company is advancing a portfolio of silver, base metal and precious metal assets, including Kilgore, an advanced gold exploration project in Idaho; and Silver City, a high-grade epithermal silver district in Saxony, Germany, with 750 years of mining history and no modern exploration.

We seek Safe Harbor.