• Excellon 75%-owned subsidiary Saxony Silver entered binding subscription agreements for non-brokered private placement raising gross proceeds of $2.13 million at pre-money valuation of $20.8 million.
• Offering set at 4,250 units priced at $500 per unit; each unit includes one Saxony Silver common share plus one-half warrant with $750 exercise price, 36-month term.
• Excellon stake expected to fall to about 68.1% on undiluted basis post-offering, implying pro forma valuation of $15.6 million for its interest.
• Proceeds earmarked for exploration work at Saxony Silver Silver City Project, including target regeneration program followed by initial drilling.
• Closing targeted on or about May 15, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Excellon Resources Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605130700NEWSFILECNPR____20260513_297244_1) on May 13, 2026, and is solely responsible for the information contained therein.