Excellon Announces Upsize of Bought Deal Private Placement and Concurrent Private Placement for Gross Proceeds of Approximately C$22 Million

Toronto, Ontario--(Newsfile Corp. - March 2, 2026) - Excellon Resources Inc. (TSXV: EXN) (OTC Pink: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced "bought deal" private placement (the "Offering") from aggregate gross proceeds of C$10,000,020 to aggregate gross proceeds of C$12,999,600. ATB Capital Markets Corp. ("ATB Capital") and Velocity Capital Partners, as co-lead underwri ...