Mr. Shawn Howarth reports

EXCELLON ANNOUNCES TRANSFER OF LISTING TO TSX VENTURE EXCHANGE

Further to the news release dated April 15, 2025, Excellon Resources Inc. has received approval to transfer the listing of the common shares of the company from the Toronto Stock Exchange to the TSX Venture Exchange.

Delisting of the common shares from the TSX will occur effective at market close on May 6, 2025, and listing of the common shares on the TSX-V will occur effective at market open on May 7, 2025. The common shares will continue to trade under the symbol EXN. Shareholder approval for the delisting of the common shares from the TSX is not required since the common shares will be listed on the TSX-V.

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 employees, communities and shareholders. Excellon is in the process of acquiring the past-producing Mallay silver mine and Tres Cerros gold-silver exploration project in Peru. The company is also advancing a portfolio of gold, silver and base 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 little modern exploration.

We seek Safe Harbor.