cnw


Toronto Stock Exchange - EXN




TORONTO, April 30, 2013 /CNW/ - Excellon Resources Inc. (TSX:EXN) ("Excellon" or "the Company"), Mexico's highest grade silver producer, is pleased to report the results from the Company's Annual and Special
Shareholders Meeting held in Toronto this morning including the
approval of the previously announced one-for-five share consolidation
(the "Consolidation") with over 95% of shareholders voting in support.


"We are pleased that our shareholders support this initial step in our
ongoing evolution into a premier silver producer," stated Brendan Cahill, President and Chief Executive Officer. "This share consolidation should allow us to significantly improve our
investment profile and provide us with access to new markets both in
North America and abroad. Our next steps are to optimize and increase
production from our high-grade, low-cost La Platosa mine, increase cash
flow and focus our exploration efforts on expanding and discovering
more high-grade manto mineralization accessible from existing mine
infrastructure."


"We also welcome our new board members, Ned Goodman and Joanne Ferstman
to the Excellon team. They are both company builders and we look
forward to realizing the immediate benefits and insights they will
bring to Excellon."


The Company's shareholders voted strongly in favour of all resolutions
put before the meeting, as follows:





% In Favour



Approval of Directors



Peter A. Crossgrove


97.43%


Thor E. Eaton


98.98%



Andre Y. Fortier


98.97%



Alan R. McFarland


98.75%





Timothy J. Ryan


98.95%





Oliver Fernandez


98.95%





Ned Goodman


98.86%





Joanne Ferstman


99.05%





Brendan Cahill


99.09%



Appointment of Auditors


99.01%





One-for-Five Share Consolidation


95.50%





The Company has received conditional approval from the Toronto Stock
Exchange for the Consolidation and expects to receive final approval in
the coming days, following which the Consolidation will be effected.
Letters of Transmittal in respect of the Consolidation will be mailed
on or about May 3, 2013.


Excellon currently has 275,276,567 issued and outstanding common shares
and 13,193,264 options outstanding. Upon completion of the
Consolidation, Excellon will have 55,055,313 issued and outstanding
common shares and 2,638,652 options outstanding (4.8% of the issued and
outstanding common shares).


About Excellon

An Evolution in High Grade Silver: Excellon's 100%-owned La Platosa Mine in Durango is Mexico's highest
grade silver mine, with lead and zinc by-products making it one of the
lowest cash cost silver mines in the country. The Company is
positioning itself to capitalize on undervalued projects by focusing on
increasing La Platosa's profitable silver production and near term
mineable resources.




SOURCE: Excellon Resources Inc.



For further information:

Excellon Resources Inc. Brendan Cahill, President & Chief Executive Officer Rupy Dhadwar, Chief Financial Officer T. (416) 364-1130 E. info@excellonresources.com W. http://www.excellonresources.com/">www.excellonresources.com