Toronto, Ontario – August 27, 2019 – Excellon Resources Inc. (TSX:EXN) (“Excellon” or the “Company”) is pleased to announce that it has closed its previously announced bought deal public offering of 10,925,000 units (collectively, the “Units”), including 1,425,000 Units issued upon full exercise of the over-allotment option, at a price of $1.06 per Unit for aggregate gross proceeds of approximately $11.5 million (the “Offering”). The Offering was underwritten by Cormark Securities Inc. as sole bookrunner and lead underwriter, on its own behalf and on behalf of PI Financial Corp., Sprott Capital Partners LP, Laurentian Bank Securities Inc. and Maison Placements Canada Inc. (collectively, the “Underwriters”).