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Excellon Reports 2016 Annual and Fourth Quarter Financial Results and Update on Optimization Plan

TORONTO, ON–(Marketwired – March 23, 2017) – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (OTC: EXLLF) (“Excellon” or the “Company”) is pleased to report on corporate, operational and financial results for the three- and twelve-month periods ended December 31, 2016 and provide an update on the ongoing optimization plan (as further described below, the “Optimization Plan”) at the Company’s Platosa Mine in Durango, Mexico.