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Message: COMPLETES SECOND TRANCHE OF PRIVATE PLACEMENT
Toronto Stock Exchange – EXN
No.4 – 2009
EXCELLON COMPLETES SECOND TRANCHE OF PRIVATE PLACEMENT
Toronto, Ontario – March 19, 2009 – Excellon Resources Inc. (TSX: EXN) is pleased to announce that it has completed the second tranche of a $7.5 million best-efforts private placement financing (the “Offering”). Under the second tranche, Excellon sold 3,950,000 common shares for gross proceeds of $750,500. To date Excellon has raised gross proceeds of approximately $3.67 million under the Offering.
The proceeds of the Offering will be used to fund on-going development and for general working capital purposes.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.
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"
Peter A. Crossgrove,
Chairman
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