Announcement • Mar 13
Excellon Resources Inc. announced that it has received funding from 2176423 Ontario Ltd. On March 12, 2026, Excellon Resources Inc. closed the transaction. The company issued an aggregate of 28,036,000 common shares for aggregate gross proceeds of CAD 16,821,600, which includes the partial exercise of the underwriters' option. The company also closed concurrent brokered private placement of 8,333,500 shares for additional aggregate gross proceeds of CAD 5,000,100. Announcement • Mar 03
Excellon Resources Inc. announced that it expects to receive CAD 17.9997 million in funding from 2176423 Ontario Ltd. Excellon Resources Inc. announced a bought deal private placement for issuance of 16,666,700 common shares at a price of CAD 0.60 per share for aggregate gross proceeds of CAD 10,000,020 on March 2, 2026. The company has granted the underwriters an option, exercisable in whole or in part at any time up to 48 hours prior to the closing date, to purchase up to an additional 4,999,900 shares to raise additional gross proceeds of up to CAD 2,999,940. The offering is expected to close on or about March 12, 2026, or on such other date as may be agreed to by the company and underwriter. Completion of the offering is subject to customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange.
On same date, the company announced that it has amended and will now issue 21,666,000 common shares at a price of CAD 0.60 for gross proceeds of CAD 12,999,600. The company also announced a concurrent brokered private placement with 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, pursuant to which the Company will sell an additional 8,333,500 Common Shares at the Offering Price of CAD 0.60 per share for additional aggregate gross proceeds to the Company of CAD 5,000,100; aggregate gross proceeds of CAD 17,999,700. Announcement • Feb 26
Excellon Resources Inc. Increases Indicated Silver Mineral Resource by over 500% for the Mallay Mine Excellon Resources Inc. announced its first independent Mineral Resource Estimate ("MRE") for the Mallay Silver-Lead-Zinc Mine ("Mallay" or the "Project") in central Peru, prepared by SGS Canada (Geological Services). Excellon acquired Mallay as a modern, fully permitted past-producing underground mine with a 600 tpd processing facility first commissioned in 2012, supported by an extensive drilling and operating database generated during Buenaventura's ownership. The new MRE establishes a compliant, higher-confidence inventory to underpin staged restart planning while Excellon advances new upside targets through ongoing drilling that is not reflected in the MRE. The estimate reflects Excellon's work to consolidate historical drill and mine channel-sample data previously used for reserve estimation by the prior operator, and to generate a current Mineral Resource through geological reinterpretation and 3D modelling in accordance with CIM Best Practice Guidelines and NI 43-101 disclosure standards. Highlights: Mineral Resources are reported at a base cut-off grade of 120 g/t silver equivalent ("AgEq") based on assumed metal prices, recoveries and costs: Indicated Mineral Resources: 890,000 tonnes grading 195 g/t silver, 3.33% lead, and 4.83% zinc. The Indicated mineral resource includes 5.57 Moz of silver, 65 Mlbs of lead, and 95 Mlbs of zinc. Inferred Mineral Resources: 362,000 tonnes grading 149 g/t silver, 2.67% lead, and 4.32% zinc. The Inferred mineral resource includes 1.74 Moz of silver, 21 Mlbs of lead, and 34 Mlbs of zinc. Mineral Resource (AgEq): 12.01 Moz grading 420 g/t Indicated and 4.00 Moz grading 344 g/t Inferred. High confidence dataset underpinning MRE: The estimate is based on extensive historical drilling and operating data, including 166,420 m of drilling and 22,740 m of channel samples, supported by mine mapping and mined-out wireframes to exclude depleted areas. No new drilling has yet been integrated into the MRE. Material silver growth vs. historical inventory at comparable Ag grades: The NI 43-101 MRE outlines a materially larger Indicated silver inventory than the end-2018 historical Isguiz inventory, at broadly comparable silver grades. Near-term growth catalysts not included in the current MRE: A 10,000-metre infill and extension program is underway to improve confidence for mine planning and test near-mine extensions, where Isguiz mineralized zones appear to be widening. In parallel, Excellon is prioritizing the Footwall Zone (calc-silicate mineralization, locally 3-8 m widths, identified over a 330 m high by 500 m along strike), and the Shafra Zone gold-silver area. 
