September 9, 2002
Private Placement Financing, Employee Stock Options, Shares For Debt

Endeavor Gold Corp. (EDR : TSX -- Venture) has arranged a non-brokered $300,000 private placement financing, totaling 3,000,000 units at $0.10 per unit, each unit consisting of 1 common share and 1 common share purchase warrant. Each warrant can be exercised to purchase a common share at $0.10 within one year or $0.12 within the second year.

A total of 275,000 employee stock options have also been set exercisable at $0.10 each for a two-year period. A Director of the Company has also applied to receive 184,500 shares for debt in settlement of an $18,450 debt owing to him.

On behalf of the Board of Directors
"Bradford J. Cooke"

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