Excellon Grants Stock Options and Share Units

About this update from Excellon Resources Inc.

Excellon Grants Stock Options and Share UnitsToronto, Ontario--(Newsfile Corp. - April 10, 2026) - Excellon Resources Inc. (TSXV: EXN) (OTC Pink: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") announces that the Board of Directors has approved the grant of 1,705,000 stock options, 1,700,000 performance share units and 405,000 deferred share units to directors, officers and employees of the Company pursuant to the Company's Share Incentive Plan. The stock options are exercisable at a price of $0.43 per share, expire three years from the date of grant, and vest as to one-quarter on the date of grant and as to one-quarter on each of the dates falling 6, 12 and 18 months from the date of grant.About Excellon Resources Inc.Excellon's vision is to realize opportunities through the acquisition and advancement of quality precious and base metal assets, leveraging an experienced management team for the benefit of its employees, communities and shareholders. The Company is focused on the potential restart of the Mallay Silver Mine in Peru. Excellon also holds a portfolio of exploration-stage projects, including the Tres Cerros Gold/Silver Exploration Property in Peru; Kilgore, an advanced gold project in Idaho; and Silver City, a high-grade epithermal silver district in Saxony, Germany, providing additional growth upside. Additional details on Excellon's properties can be found at www.excellonresources.com.For Further Information, Please Contact:Excellon Resources Inc.Shawn Howarth, President & Chief Executive [email protected] STATEMENT REGARDING FORWARD-LOOKING STATEMENTSAll statements, other than statements of historical fact, contained, referenced or incorporated by reference in this news release constitute "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as: "actively", "advance", "anticipated", "assess", "believe", "cause", "commence", "completion", "conditions", "consideration", "continues", "development", "due course", "expectation", "exploration", "extend", "extension", "flexibility", "focused", "forward", "further", "future", "if", "implement", "liquidity", "looking", "maturit...

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