Dear Shareholders and Friends,
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We are pleased to share that Excellon Resources Inc. was mentioned in The Gold Report. In a recent interview, Beacon Rock Research founder Michael Niehuser described his experience at the Denver Gold Forum Conference, held September 22-25th� where the focus among presenters was on reducing costs in an effort to demonstrate viability. He mentions that this is reminiscent of the late 1990s and if this is the case, there should be a good opportunity to locate companies with good prospects.
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Below is a quote from his interview after sitting down with us at the Denver Gold Forum:
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"The company appears to have the potential to emerge as a solid junior silver producer in the class of an Endeavor Silver Corp. (EXK:NYSE) or Great Panther Silver Ltd. (GPR:TSX; GPL:NYSE.MKT). Excellon is one of the highest grade silver producers in the world, with a goal of increasing annual production to about 1.4–1.5 million ounces (1.4–1.5 Moz) of silver a year or approximately 2.2 million silver equivalent ounces."
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"Excellon appears to have moved beyond some of the challenges of 2012 and represents one of the best investment ideas undiscovered by analysts. This low-tonnage underground operation has produced grades of about 800 grams per ton silver and is producing about $1 million of cash flow on a monthly basis over the last quarter. The project has a resource of about 17 Moz of silver, representing 7 to 10 years of production, with exceptional potential to both expand the identified resource and potentially locate additional higher grade feeder zones. With the recent roll back and apparently satisfied shareholder base, Excellon appears to have the bases of production, exploration and potential acquisition covered." To view the full article, please visit the following link -� http://bit.ly/18YcxZB
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Regards,
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Nisha Hasan Director, Investor Relations |