18 10 17 Excellon Options Beschefer Project

Toronto, Ontario – October 17, 2018 – Excellon Resources Inc. (TSX:EXN and EXN.WT.A; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce that it has entered into an option agreement  (the “Agreement”) with Wallbridge Mining Company Limited (“Wallbridge” – TSX:WM) to sell the Beschefer property (“Beschefer” or “Beschefer Project”). The Beschefer Project is an advanced gold exploration property located approximately 30 kilometres southwest of Wallbridge’s Fenelon Gold Property.