TORONTO, ONTARIO--(Marketwire - Sept. 24, 2008) - Excellon Resources Inc. (TSX:EXN) 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.