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Excellon resources inc.

Excellon resources inc. Platosa Mine Project Geophysical Surveys Bermejillo , Durango, Mexico. VOX Geoscience Ltd. Platosa Location Map. VOX Geoscience Ltd. Bermejillo , Mexico. Platosa Mine Site. VOX Geoscience Ltd. Platosa Mine Office. VOX Geoscience Ltd.

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Excellon resources inc.

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  1. Excellon resources inc. Platosa Mine Project Geophysical Surveys Bermejillo, Durango, Mexico VOX Geoscience Ltd.

  2. Platosa Location Map VOX Geoscience Ltd.

  3. Bermejillo, Mexico Platosa Mine Site VOX Geoscience Ltd.

  4. Platosa Mine Office VOX Geoscience Ltd.

  5. Mexico’s Highest Grade Silver Producer VOX Geoscience Ltd.

  6. 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 document, which has been prepared by management. This document may contain 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, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, 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 [particularly silver], 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, including the technical reports filed with respect to the Company's mineral properties, and particularly the latest NI 43-101-compliant technical report prepared by Roscoe Postle Associates Inc. with respect to the Platosa Property. This document is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States. -6-

  7. CHAPTER ONEA BRIEF REVIEW OF GEOPHYSICAL EXPLORATION ON THE PLATOSA PROPERTY SINCE 2005 VOX Geoscience Ltd.

  8. Surface Projection of Platosa CRD Mantos in 2011 N Platosa Mine Office W E S VOX Geoscience Ltd.

  9. Surface Projection of Platosa CRD Mantos in 2007 W Platosa Mine Office N S E VOX Geoscience Ltd.

  10. Surface Projection of Platosa CRD Mantos in July 2011 VOX Geoscience Ltd.

  11. DEM FROM ZTEM SURVEY N Major Powerline W E Platosa Mantos Major Powerline S VOX Geoscience Ltd.

  12. First Vertical Derivative of Reduced-to-Pole Aeromag N VOX Geoscience Ltd.

  13. ZTEM 90Hz XIP Draped over DEM N VOX Geoscience Ltd. VOX Geoscience Ltd.

  14. ZTEM 90Hz YIP Draped over DEM N VOX Geoscience Ltd.

  15. Long Section through Mantos (looking NW) All mantos occur within a specific fragmental limestone unit. The large‐ tonnage proximal deposit remains to be found at some distance below this & will be associated with an intrusive/ skarn complex. VOX Geoscience Ltd.

  16. Zonge 2D NSAMT Inversions & SJV 3D IP Chargeability N Platosa Manto Deposits Yellow IP lines 100m spacing S VOX Geoscience Ltd.

  17. Zonge 2D NSAMT Inversions & 3D Gravity Inversion N Platosa Manto Deposits Yellow IP lines 100m spacing S VOX Geoscience Ltd.

  18. Zonge NSAMT Line 1E2D Inversion VOX Geoscience Ltd.

  19. Zonge NSAMT Line 6E2D Inversion VOX Geoscience Ltd.

  20. Zonge NSAMT Line 5E2D Inversion VOX Geoscience Ltd.

  21. Zonge NSAMT Line 15E 2D Inversion with 3D IP Isosurface VOX Geoscience Ltd.

  22. Zonge NSAMT Line 2E 2D Inversion with 3D IP Isosurface VOX Geoscience Ltd.

  23. NSAMT Line 2E 2D Inversion with 3D IP Isosurface VOX Geoscience Ltd.

  24. NSAMT Line 2E 2D Inversion with 3D IP Isosurface VOX Geoscience Ltd.

  25. NSAMT Line 2E 2D Inversion with 3D IP Isosurface VOX Geoscience Ltd.

  26. NSAMT Line 2E 2D Inversion with 3D IP Isosurface VOX Geoscience Ltd.

  27. Platosa Drilling to mid 2011 (or why you don’t see drill holes on every slide) VOX Geoscience Ltd.

  28. Karous-Hjelt Filtered ZTEM90Hz XIP with Gravity Inversion VOX Geoscience Ltd.

  29. Karous-Hjelt Filtered ZTEM90Hz YIP with Gravity Inversion VOX Geoscience Ltd.

  30. Karous-Hjelt Filtered ZTEM90Hz XIP & YIP VOX Geoscience Ltd.

  31. Karous-Hjelt Filtered ZTEM90Hz XIP & YIP with 3D IP VOX Geoscience Ltd.

  32. Karous-Hjelt Filtered ZTEM90Hz XIP & YIP with 3D IP/Res VOX Geoscience Ltd.

  33. Karous-Hjelt Filtered ZTEM90Hz XIP & YIP with 3D IP/Res & Gravity Inversion VOX Geoscience Ltd.

  34. Karous-Hjelt Filtered ZTEM90Hz XIP & YIP with gridded 2.70 g/cc Bouguer Gravity VOX Geoscience Ltd.

  35. Karous-Hjelt Filtered ZTEM90Hz XIP & YIP with gridded 1st Vertical Derivative of 2.70 g/cc Bouguer Gravity VOX Geoscience Ltd.

  36. CHAPTER TWOA REVIEW OF THE TOPO CORRECTED 2D INVERSIONS COMPLETED ON 11 LINES BY GEOTECH FOR EXCELLON IN JANUARY 2012ORFINALLY, THE PART JEAN AND PAOLO REALLY WANT ME TO TALK ABOUT VOX Geoscience Ltd.

  37. Platosa Block Line Locations over Analytic Signal of Total Magnetic Intensity Image Line Locations over IP 90 Hz DT Image Powerline Powerline Focus Area VOX Geoscience Ltd.

  38. Summary • Geotech Av2Dtopo program was used to perform the inversion of ZTEM data, with topography and receiver altitude effects considered. • The ZTEM inversion makes use of the Tzx (in-line) In-phase (IP) and Quadrature data, between 30-720Hz (cross-line (Tzy) not included in 2D calculation). • Total of 11 lines of data were inverted with a starting model resistivity of 100 Ω.m . • The next slide shows the location of the inverted lines over IP 90Hz DT (Total Divergence) and Magnetic Analytic Signal (AS) images. Warm colours in DT denote relatively conductive areas and cool colours indicate resistive zones. • Slides 4-14 show the inversion results, the inversion parameters, and the location of each line over a IP 90Hz DT grid. VOX Geoscience Ltd.

  39. PWL PWL VOX Geoscience Ltd.

  40. PWL PWL VOX Geoscience Ltd.

  41. PWL PWL VOX Geoscience Ltd.

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  44. PWL PWL VOX Geoscience Ltd.

  45. PWL PWL VOX Geoscience Ltd.

  46. Note peak of hill VOX Geoscience Ltd.

  47. Geological Cross-sectionclose to L1730 Note peak of hill HORNFELS MARBLE INTRUSIVE

  48. VOX Geoscience Ltd.

  49. PWL PWL VOX Geoscience Ltd.

  50. PWL PWL VOX Geoscience Ltd.

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