TORONTO, July 12,
2022 /CNW/ - Excellon Resources Inc. (TSX:
EXN) (NYSE: EXN) (FRA: E4X2) ("Excellon" or the
"Company") is pleased to announce the appointment of
Shawn Howarth to the role of
President and Chief Executive Officer, effective July 28, 2022. Mr. Howarth will be
appointed to the Board following the Company's Annual General &
Special Meeting on August 12,
2022.
Mr. Howarth has over 22 years' experience in the mining industry
spanning project evaluation, corporate finance, stakeholder
relations and corporate strategy. Most recently, he was Vice
President, Corporate Development of Harte Gold Corp., where he was
instrumental in development of the Sugar Zone mine and ultimate
restructuring and sale of the company. Previously, Mr. Howarth
worked in investment banking and mining advisory on the global
mining and metals teams with Standard Chartered Bank and Gryphon
Partners Canada. He holds a Master of Business Administration from
the Ivey School of Business and a Bachelor of Applied Science from
Queen's University.
"I am excited and energized to be joining the Excellon team at
such a pivotal time," stated Shawn
Howarth, incoming President and CEO. "Excellon has the
foundation for future growth, including strong leadership at the
Board and management level, coupled with deep operating experience,
particularly in Mexico. My
near-term focus will be on optimizing the asset portfolio and
returning financial stability to the Company. I look forward to
working with the Excellon Board and all stakeholders on a
collaborative basis to grow sustainable value for the Company."
"We are delighted to welcome Shawn to Excellon as President and
CEO," stated André Fortier, Chair of the Board. "As part
of a renewed perspective on corporate strategy as we wind-down
operations at Platosa, we are establishing new leadership to
position the Company for its next phase of growth. Shawn will
support this mandate, bringing to Excellon a broad experience set
and deep relationship base that will be particularly useful in the
Company's ongoing corporate development strategy."
Mr. Fortier added, "We thank Brendan for his tireless leadership
and commitment to the Company over the past 10 years. Brendan
joined Excellon in 2012, leading the turnaround of our Platosa
operation and developing strong relationships in Mexico, while assembling the Company's current
portfolio of assets, including Kilgore and Silver City. Brendan has been
integral to this transition of leadership and the Board will
benefit from his continued support going forward."
"We have a strong set of assets at Excellon and I believe their
full value will be realized under Shawn's leadership of the
Company," stated Brendan Cahill,
outgoing President and CEO. "I remain committed to supporting
Excellon and the Board. My focus will shift to ensuring a
smooth transition and I look forward to supporting Shawn and the
broader management team as a Board member." Mr. Cahill will remain
on the Board of Directors of the Company.
Annual and Special Meeting of
Shareholders
The Company will hold its annual and special meeting of
shareholders on August 12, 2022.
About Excellon
Excellon's vision is to create wealth by realizing strategic
opportunities through discipline and innovation for the benefit of
our employees, communities and shareholders. The Company is
advancing a precious metals growth pipeline that includes:
Kilgore, an advanced gold
exploration project in Idaho with
strong economics and significant growth and discovery potential; an
option on Silver City, a high-grade epithermal silver district in
Saxony, Germany with 750 years of
mining history and no modern exploration; and Platosa, a high-grade
silver mine producing in Mexico
since 2005, scheduled to wind-down in Q3 2022, with an 11,000
hectare exploration package on Mexico's carbonate replacement deposit (CRD)
trend. The Company is also actively seeking to capitalizing on
current market conditions by acquiring undervalued projects.
Additional details on Excellon's
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, mineral
resources estimates, the future results of operations, performance
and achievements of the Company, including potential strategic
transactions, 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, 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. 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.