2002

July 28, 2002
Board of Directors Elected, New Stock Options Set, Insider Share holding Increases

Pursuant to the recent shareholders Annual General Meeting of Endeavour Gold Corp., the company is pleased to announce the election of its expanded Board of Directors. In addition to Bradford Cooke, Godfrey Walton , Mario Szotlender and Donald Coates, Leonard Harris has joined the Board.

Mr. Harris is a metallurgical engineer with over 40 years of experience in the mining industry, including senior management positions with Newmont Mining and Newmont Gold. He was Vice President and General Manager for Newmont Latin America during the construction and operation of Newmont's Yanacocha Mine in Peru, now the largest gold mine in South America. Mr. Harris is a true mining professional, and he will take an active role in helping to direct the development of Endeavour"s exploration and mining projects.

The Company also announces the granting of 380,000 new incentive stock options to directors and employees, exercisable at $0.22 per share for a two year period, subject to the Company's stock option plan.

In accordance with the requirements of Section 111(1) of the Securities Act of British Columbia, Bradford J. Cooke, interim President and a Director of Endeavour Gold Corp. announces that he has acquired beneficial ownership of 865,000 common shares of Endeavour Gold Corp., a reporting company whose shares are listed for trading on the TSX Venture Stock Exchange under the trading symbol "EDR". Mr. Cooke's 865,000 common shares represent 13.9% of the currently issued share capital of Endeavour.

Bradford Cooke also holds 500,000 Warrants entitling him to purchase an additional 500,000 shares of the Company on or before November 29, 2004, incentive stock options entitling him to purchase up to 90,000 common shares of the Company at a price of $0.22 per share at any time up to July 28, 2005. Based on the Company's issued and outstanding share capital of 6,236,550 shares as at July 28, 2003, if Mr. Cooke:

(a) exercises his Options in full, he would beneficially own 955,000 common shares, representing 15.1% of the then issued and outstanding shares; and

(b) also exercises the Warrants in full, he would beneficially own 1,455,000 shares, representing 21.3% of the then issued and outstanding shares of the Company.

The securities were purchased by Mr. Cooke for investment purposes. As of the date hereof, the Investor does not intend to increase its beneficial ownership of, or control or direction over, any of the securities of the Company.

"Bradford J. Cooke"
Bradford J. Cooke

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.