Press Release: OBAN Mining : Excellon Finalizes DeSantis Sale to Oban Mining

TORONTO, ON--(Marketwired - June 06, 2016) - Excellon Resources Inc. (TSX: EXN)(OTC: EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce that it has finalized the transfer to Oban Mining Corporation ("Oban") of the mining leases comprising part of the DeSantis Property in Ogden Township in the Porcupine Mining Division, Ontario. The Company received 229,600 common shares of Oban (the "Consideration Shares") upon such transfer, which are in addition to the 620,400 common shares previously received for the transfer of the mining claims comprising part of the DeSantis Property (as announced April 11, 2016). The Company received an aggregate total of 850,000 common shares of Oban for the sale of the DeSantis Property.