EXCELLON RESOURCES Business Summary

Excellon Resources Inc. (EXNRF) is a mineral exploration and production company primarily focused on the acquisition and development of high-grade silver, gold, and base metal assets. The company generates revenue through the extraction and sale of mineral concentrates, supported by a strategic offtake and financing agreement with Glencore. Its primary business segments include its production-stage Mallay Silver Mine in Peru, which restarted mining operations in February 2026 with a target capacity of 600 tonnes per day, and its advanced exploration portfolio featuring the Kilgore Gold Project in Idaho and the Silver City Project in Germany. Within the competitive landscape, Excellon operates alongside peers such as Hecla Mining, Pan American Silver, and Avino Silver & Gold Mines, positioning itself as an emerging mid-tier producer transitioning from pure-play exploration to active production through the revitalization of past-producing assets. The leadership team is headed by President and CEO Shawn Howarth, a mining executive with over 20 years of experience in corporate finance and project evaluation, previously serving as VP of Corporate Development at Harte Gold. He is supported by Chief Financial Officer Daniel Hall, a Chartered Accountant with a background at Deloitte specializing in global mining audits, and Chief Operating Officer Paul Keller, a professional engineer with three decades of operational experience at firms like Trevali Mining. The company is governed by a board led by Independent Chairman Laurence Curtis and includes notable industry figures such as Brendan Cahill and Michael Hoffman. Furthermore, Excellon maintains a high-profile investor base, most notably featuring billionaire mining investor Eric Sprott, who has provided significant capital to fund the company's recent acquisitions and restart initiatives.