TORONTO, Feb. 26, 2014 /CNW/ - Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or
the "Company"), announces that Mr. Ned Goodman has resigned as a director effective
immediately. He will resume his role as a special advisor to the board
of directors of the Company. This week Mr. Goodman resigned from a
number of public company boards due to increased work commitments as
the President and Chief Executive Officer and Director of Dundee Corp.
("Dundee"), and as Chairman of the board of directors of DREAM
Unlimited Corp.
Mr. Goodman has served as a director of Excellon since April 2013 with
distinction and the entire board thanks him for his contributions
during this period. Excellon looks forward to Mr. Goodmans' continued
involvement with the Company.
About Excellon
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.
Additional details on the La Platosa Mine and the rest of Excellon's
exploration properties are available at www.excellonresources.com.
Forward-Looking Statements
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
Press Release, which has been prepared by management. This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 27E of the Exchange Act.
Such statements include, without limitation, statements regarding the
future results of operations, performance and achievements of the
Company, including potential property acquisitions, the timing,
content, cost and results of proposed work programs, the discovery and
delineation of mineral deposits/resources/reserves, geological
interpretations, proposed production rates, potential mineral recovery
processes and rates, business and financing plans, business trends and
future operating revenues. Although the Company believes that such
statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. The Company cautions
investors that any forward-looking statements by the Company are not
guarantees of future results or performance, and that actual results
may differ materially from those in forward looking statements as a
result of various factors, including, but not limited to, variations in
the nature, quality and quantity of any mineral deposits that may be
located, significant downward variations in the market price of any
minerals produced [particularly silver], the Company's inability to
obtain any necessary permits, consents or authorizations required for
its activities, to produce minerals from its properties successfully or
profitably, to continue its projected growth, to raise the necessary
capital or to be fully able to implement its business strategies. All
of the Company's public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials,
including the technical reports filed with respect to the Company's
mineral properties, and particularly the November 22, 2011 NI
43-101-compliant technical report prepared by Roscoe Postle Associates
Inc. with respect to the Platosa Property. This press release is not,
and is not to be construed in any way as, an offer to buy or sell
securities in the United States.
SOURCE Excellon Resources Inc.
