Toronto, Ontario – April 3, 2023 – Excellon Resources Inc. (TSX:EXN, OTCQB:EXNRF and FRA:E4X2) (“Excellon” or the “Company”) is pleased to announce the reversal of a US$22 million liability from its March 31, 2023 consolidated balance sheet, relating to the previously disclosed judgment against one of the Company’s subsidiaries in Mexico.