TORONTO, ONTARIO--(MARKET WIRE)--Sep 24, 2008 -- Excellon Resources Inc. (Toronto:EXN.TO - News) today announced that it has received all the necessary permits from the Mexican Government to construct and operate a lead/zinc flotation mill at its Platosa Property in Durango State. In addition, Excellon announces that all major equipment for the mill has been acquired and significant additional work has been in progress off site in preparation for the commencement of activity at the mine. Construction on the 350 tonnes per day (120,000 tonnes per annum) mill will begin immediately with mill commissioning expected to commence during the first quarter of 2009.

In addition, the Company's believes that it is financially prudent to reduce expenditures throughout its operations to reflect the reality of the current metals markets. Thus Excellon announces that it is temporarily reducing the number of diamond drills on the Platosa Property from four to two. The exploration team will remain intact and this time will allow the Company to complete the analysis and compilation of the large amount of geotechnical data that it has generated over the past several years from its drilling as well as other exploration programs. This analysis will allow the Company to better focus the ongoing drilling and future exploration work. Although this reduction is expected to save $4.0 million in fiscal 2009, the Company still expects to spend $8.4 million on exploration during the period. An additional $1.0 million reduction in other expenditures is also planned.

About Excellon

Excellon, a mineral resource company operating in Durango State, Mexico, is committed to building value through production, expansion and discovery. The Company is producing silver, lead and zinc from high-grade manto deposits on its Platosa Property, strategically located in the middle of the Mexican silver belt. In fiscal and calendar 2009, Excellon's focus is on expanding its operating capacity with the building of a mill at site and increasing its Mineral Resources through an aggressive exploration program. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system.

On behalf of

EXCELLON RESOURCES INC.

Peter A. Crossgrove, Chairman

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, the proposed construction of a mill, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced (particularly silver), the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties, and particularly the April 14, 2008 NI 43-101-compliant technical report prepared by Scott Wilson Roscoe Postle Associates Inc. with respect to the Platosa property. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management.

     Contacts:
     Excellon Resources Inc.
     Robert Brissenden
     Vice President, Corporate Development
     (416)-364-1130
     (416)-364-6745 (FAX)
     Email: rbrissenden@excellonresources.com
     Website: http://www.excellonresources.com