Toronto, Ontario – April 22, 2020 – Excellon Resources Inc. (TSX: EXN, EXN.WT, OTC: EXLLF and FRA: E4X1) (“Excellon” or the “Company”) and Otis Gold Corp. (TSX-V: OOO, OTC: OGLDF, FRA: 4OG) (“Otis”) are pleased to announce they have received final approval of the British Columbia Supreme Court for their proposed business combination pursuant to a plan of arrangement (the “Arrangement”). Excellon and Otis
currently anticipate the closing of the Arrangement to occur on April 23, 2020 subject to the satisfaction or waiver of all conditions precedent.