Excellon Resources Inc. — AGM Information 2022

Jul 12, 2022

EXCELLON RESOURCES INC.

NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the annual and special meeting (the " Meeting ") of shareholders (the "Shareholders") of Excellon Resources Inc. (" Excellon ", the " Company " or the " Corporation ") will be held virtually at https://virtualmeetings.tsxtrust.com/1389 on August 12, 2022 at 10:00 a.m. (Toronto time). This year, the Corporation will hold the Meeting in a virtual-only format, which will be conducted via live audiocast.

Registered Shareholders and duly appointed proxyholders can attend the Meeting online at https://virtualmeetings.tsxtrust.com/1389 where they can participate, vote, or submit questions during the Meeting’s live webcast.

The Meeting is being held for the following purposes:

1. to receive the audited consolidated financial statements of the Corporation for the year ended December 31, 2021 (with comparative statements relating to the preceding fiscal period), together with the report of the auditors thereon;

2. to elect directors;

3. to appoint Ernst & Young LLP as auditors of the Corporation and to authorize the directors to fix their remuneration;

4. to consider and, if deemed advisable, to pass, with or without variation, a resolution of shareholders of the Corporation, in accordance with the requirements of the Toronto Stock Exchange, confirming and approving the new share incentive plan of the Corporation; and

5. to transact such further or other business as may properly come before the Meeting or any adjournment or adjournments thereof.

Accompanying this notice is the management information circular (the “ Circular ”), a form of proxy and a request form to receive annual and interim financial statements and management discussion and analysis of the Corporation. The accompanying Circular provides information relating to the matters to be addressed at the Meeting and is incorporated into this Notice.

As a result of the novel coronavirus (“ COVID-19 ”), the Company is proactively implementing measures to prioritize the health and well-being of its employees, customers, suppliers, partners, securityholders, communities and other stakeholders. The Company takes its responsibility seriously to help slow the spread of the COVID-19 pandemic and reduce its impact on stakeholders and their health. Therefore, the Company will hold the Meeting in a virtual-only format, which will be conducted via live audio webcast. The Company urges all shareholders to vote by proxy in advance of the Meeting and shareholders will only be able to attend and participate in the Meeting online.

The record date for the determination of Shareholders of the Corporation entitled to receive notice of and to vote at the Meeting or any adjournment(s) or postponement(s) thereof is June 30, 2022 (the " Record Date "). Shareholders of the Corporation whose names have been entered in the register of Shareholders of the Corporation at the close of business on the Record Date will be entitled to receive notice of and to vote at the Meeting or any adjournment(s) or postponement(s) thereof.

Shareholders are entitled to vote at the Meeting either via the virtual meeting platform or by proxy in accordance with the procedures described in the Circular accompanying this Notice. Those who are unable to attend the meeting

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are requested to read, complete, sign and mail the enclosed form of proxy in accordance with the instructions set out in the proxy and in the Circular accompanying this Notice.

DATED at Toronto, Ontario, this 24[th] day of June, 2022.

BY ORDER OF THE BOARD OF DIRECTORS

( signed ) "André Y. Fortier"

André Y. Fortier Chairman

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