Toronto, Ontario – January 9, 2023 – Excellon Resources Inc. (TSX:EXN, NYSE:EXN and FRA:E4X2) (“Excellon” or the “Company”) is announcing that its Board of Directors has approved the voluntary delisting of the Excellon common shares (“Excellon Shares”) from the NYSE American stock market and the deregistration with the U.S. Securities and Exchange Commission (the “SEC”). Excellon has notified the NYSE American of its intention to voluntary delist the Excellon Shares from the NYSE American. The Company currently anticipates that it will file with the SEC a Form 25, Notification of Removal of Listing and/or Registration Under Section 12(b) of the Securities Exchange Act of 1934 (the “Exchange Act”), relating to the delisting and deregistration on or about January 20, 2023, with the delisting of Excellon Shares taking effect no earlier than ten days thereafter. As a result, the Company expects that the last trading day of the Excellon Shares on the NYSE American will be on or about January 30, 2023.