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This presenta,on may contain “forward‐looking statements” which reect the Company’scurrent expecta,ons regarding the future results of opera,ons future an,cipatedexplora,on results the proposed construc,on of a mill facility performance and

achievements of the Company including poten,al property acquisi,ons the ,ming contentand results or work programs geological interpreta,ons and poten,al mineral recovery

processes and nego,a,on and closing of future nancings. The statements reect the current

beliefs of the management of the Company and are based on currently availableinforma,on. Accordingly these statements are subject to known and unknown risks

uncertain,es and other factors which could cause the actual results performance orachievements of the Company to differ materially from those expressed in or implied bythese statements. In addi,on investors are cau,oned that this presenta,on may containinforma,on about mineral proper,es adjacent to or near the Company’s proper,es and in

which the Company has no right or interest. Mineral deposits on such adjacent or near

proper,es are not indica,ve of the mineral deposits if any which may be found on theCompany’s proper,es.



LA PLATOSA, DURANGO STATE, MEXICO

• Highest grade Silver producer in Mexico• 2011 Mine Plan: 5 000 tonnes per month & long‐term mine planning underway to increase produc,on rate• 2011 budgeted grades 793 g/t (23 oz/T) Ag 7.2% Pb 7.8% Zn• 2011 $7.0 Million dollar explora,on program funded by internal cash ow• Over 41 000 hectares (101 313 acres) of 100%‐owned under‐explored land & recently op,oned an addi,onal

17 000 ha (42 007 acres)

MIGUEL AUZA, ZACATECAS STATE, MEXICO• Modern mill & mine built and developed by Silver Eagle Mines acquired in June 2009• Addi,onal 40% es,mated milling capacity available• Historic mining district with considerable discovery poten,al• Ini,al EXN explora,on program completed** in September 2010

** Further work ON HOLD as we concentrate on our Platosa explora9on

• Over 41 000 hectares (101 313 acres) of mineral rights

TORONTO STOCK EXCHANGE LISTED ‐ EXN• Market capitaliza,on of $200 million 248MM common shares• Average daily share volume of over 400 000



March 31, 2011

Tonnes of ore processed: 12 391

Ore grades:Silver (g/t) 604Lead (%) 5.12Zinc (%) 7.08

Recoveries:Silver (%) 83.3Lead (%) 68.2Zinc (%) 71.6

Produc on:Silver – (oz) 202 077Lead – (lb) 931 080Zinc – (lb) 1 334 575

Sales:Silver – (oz) 202 077Lead – (lb) 931 080Zinc – (lb) 1 334 575

Realized prices:Silver – ($US/oz) 33.38Lead – ($US/lb) 1.17Zinc – ($US/lb) 1.09

Net cash cost: US $/oz Ag 8.46

Dec. 31, 2010

64 462

8146.377.68

85.468.274.5

1 317 6055 804 0148 074 321

1 302 3215 726 1578 009 077

19.780.950.94

7.18

July 31, 2009

43 922

1 1148.908.86

88.171.471.3

1 475 8337 585 8528 098 377

1 571 6688 655 1527 999 072

12.660.640.64

5.26



Bismark: 15 MT+1

Cananea: 10 MT+ CRD2

Santa Eulalia: 50 MT5

Santa Barbara: 20 MT+ CRD7

Mapimi-Ojuela: 6 MT9

Velardena: 18 MT10

San Martin – Sabinas: 120 MT11

Catorce La Paz: 10 MT13

Charcas: 25 MT14

San Pedro Corralitos: 5 MT +3

Rio Tinto-Terrazas: 60 MT+4

Naica: 35 MT6

Sierra Almoloya: 1 MT+8

Conception del Oro: 45 MT++12

Cerro San Pedro: 4 MT + Au zone15

La Negra: 5 MT16

Zimapan: 8 MT17

Miguel Auza

Fresnillo

Platosa



Deposit Tonnes Ag g/t Pb % Zn % Est. NSR US$/t@ 2007 Prices

San Mar,n/Sabinas 80 m 125 1.0 4.0 132

Santa Eulalia 50 m 310 8.0 7.5 270

Naica 35 m 213 4.0 5.6 194

Ojuela 6 m 475 15.0 10.0 482

La Encantada 3 m 250 5.0 7.0 209

Platosa Mantos 579 000 909 9.1 10.5 ± $600 (2007)

Platosa NSR/t @ $34/oz Ag, $1.05/lb Pb, $0.95/lb Zn (May 2011) ± $825

Non‐Platosa Mineral Resources modied a er Megaw 2002

Non‐Platosa NSRs from Megaw circa 2007

NSR includes Cu & Au when present. 2007 metal prices ± Ag $15 Pb $1.00 Zn $1.00



Category Tonnes(t)

Ag(g/t)

Ag(oz/T)

Pb(%)

Zn(%)

Indicated 579 000 909 26.5 9.09 10.51Inferred 160 000 731 21.3 7.44 7.57

Approximate 10 year mine life

at production levels of 57,000 to 80,000 tpy &assuming all tonnes are mineable



PIERNA MANTO

Up to 1,489 g/t Ag, 11% Pb, 22% Zn/6.1m



One drill

ZTEM targetsdened. 2nd drill



763

822

832

1034

831

Rincón del Caído area

3D IP – Proposed Drill Holes

General ZTEM target areas

0.5-3.0km to NNW



Total Property Area - 580 km 2

Mine

Original PropertySUNDANCE OPTION

6 Mt of high-grade prod. EXCELMEX VII

Approx. outline of intrusive complex

3rd drill mobilizingin June



NE‐1 Manto

NE

Frag. limestone closerTo surface (±250m)

NW‐SE fault

All mantos occur within a specic fragmental limestoneunit. The large‐tonnage proximal deposit remains tobe found at some distance below this & will be associatedwith an intrusive/skarn complex.

-150m

-300m



Most of the favourable stra,graphy is alluvium‐covered or beneath barren units thereforeexplora,on is largely conducted remotely.

MAIN TOOLS (con nually evolving)

• Diamond Drilling • Geophysics – With recent technical advances more effec,ve than once thought (ZTEM 3D IP

NSAMT Mag Gravity)

• Biogeochemistry – Very effec,ve but vegeta,on cover therefore survey coverage is limited

ZTEM AEM SurveyIni,al interpreta,on complete (and will be ongoing) & drilling began lateMarch. Ideally suited to detect structural networks weakly conduc,ve/disseminated bodies (proximal style deposit)

3D IP Survey

Drill holes spo ed on chargeability anomalies similar to those associated

with known mantos. To date anomalies explained by non‐economicsulphides. Addi,onal interpreta,on required.



Shareholders of Lateegra will receive 0.54 common shares (the “Exchange Ra,o”) of Excellon (“ExcellonShares”) for each Lateegra Share that they own;

Based on the closing price of the Lateegra Shares and Excellon Shares on May 30 2011 the Exchange Ra,orepresents:

an implicit price of $0.4644 per Lateegra Share; a premium of 27.2% and 34.4% based on the May 30 th closing price and 45‐day volume‐weighted

average price of the Lateegra Shares respec,vely;

Upon comple,on of the Transac,on Lateegra shareholders will own approximately 11.9% of Excellon on a fullydiluted basis;

An opportunity for Lateegra shareholders to benet from Excellon’s produc,on prole and exposure to currentsilver prices its explora,on poten,al exper,se ability to nance explora,on and signicantly improved tradingliquidity; and

An opportunity for Excellon shareholders to benet from exposure to prime explora,on proper,es in theTimmins Gold Camp and Abi,bi greenstone belt with geographic and precious metal diversica,on into

another mining friendly poli,cally stable environment.



Dome MineHollinger Mine

DeSantis No. 2 Shaft

Location of Longitudinal Section



Initial 2011 Drilling Area



Mr. Crossgrove is a Member of the Order of Canada and the Order or Ontario. He is former Chairman and a founder of MasoniteInterna,onal Corpora,on a door manufacturing company. Masonite had opera,ons in 12 countries had 22 000 employees and annualsales in excess of US$2 billion. Mr. Crossgrove has been in the mining industry for his en,re career and sits on various boards of directors including Barrick Gold Lake Shore Gold Quadra Logic Technologies Pelangio Mines and Dundee Realty Corpora,on andpreviously served as CEO and Vice Chairman of Placer Dome Inc. He has also served as a management and volunteer leader in Ontario’shealth care sector.

Rob Whi all is a chartered accountant and professional engineer with over 25 years of experience in the minerals industry. He has

worked in senior management posi,ons for a variety of explora,on and mining companies recently with Volta Resources Inc. as Chief Financial Officer where he was also a founder and director. He has also held senior nancial management posi,ons with TVX Gold Inc.as Vice President Finance and Rio Algom Limited and Anvil Range Mining over the course of his career.

Mr. Sullivan has been with Excellon since early 2007 and has over 35 years of experience in the mineral industry. He has held seniorposi,ons with Noranda Inc. Wa s Griffis and McOuat Limited and Hudson Bay Mining and has directed major explora,on programsmanaged eld offices and evaluated projects at all stages in Canada Europe Africa and La,n America.

Mr. Moore has been with Excellon since June of 2009. Previously he had been the manager at Silver Eagle Mines (San Pedro Resources)for two years. With over 30 years of mining experience he has held senior opera,ons posi,ons with North American PalladiumDeBeers Miramar and Royal Oak Mines.



Bio on previous page.

Mr. McFarland’s experience covers a range of investment banking ac,vi,es including general corporate advisory work on nancial strategiesmergers acquisi,ons and dives,tures public and private nancings venture capital tax shelters securi,es analysis and corporate restructurings.He was a Director of Placer Dome Inc. and Masonite Interna,onal Corpora,on.

Mr. Ryan is founder and CEO of First General Securi,es Inc. a venture management and investment company in Vancouver B.C. He has served as adirector and officer of a number of public and private technology nancial and mining companies and was formerly Chair and CEO of DiscoveryEnterprises Inc. a Bri,sh Columbia Crown corpora,on providing equity capital to emerging technology companies. Mr. Ryan holds a B. Comm. fromthe University of Saskatchewan and an MBA from the University of Western Ontario.

Mr. For,er obtained his law degree in 1964 and was admi ed to the Barreau du Québec in June 1965. He held various increasingly senior posi,onsat Noranda and in 1989 was appointed as Senior Vice‐President of Noranda responsible for the strategic posi,oning of Noranda in Québec. In July1991 he became President and Chief Execu,ve Officer of Kerr Addison Mines Limited a Noranda affiliated company. In 1993 he became Presidentand CEO of a predecessor company to Campbell Resources Inc. of which he remained President un,l December 2009. He is also a member of theBoard of Ferrinov Inc. Mr. For,er was Chairman of the Board of the Conseil du Patronat du Québec from June 1998 to June 2002 and is an HonoraryMember of the Fonda,on de lâ Université Laval having served as its Chairman from September 1997 to September 1999..

June 13th 2011 VANCOUVER.ppt

june 13 2011 vancouver

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