2004

Endeavour Closes Balance of CA $9.9 million Private Placement Financing, Grants Incentive Stock Options for Employees and Directors

Vancouver, British Columbia, Canada - Endeavour Gold Corp. (EDR:TSX-V) announces that it has now closed the balance of the recent CA $9.9 million private placement financing. A final 400,000 units was closed with an institutional investor for proceeds of CA $640,000.

The Company also granted 1,000,000 incentive stock options to employees and directors pursuant to its stock option plan, exercisable at CA $1.60 per share for a 5 year term.

Endeavour Gold Corp. (EDR: TSX-V) is a small-cap exploration and mining Company focused on aggressively expanding its portfolio of high grade silver-gold properties, reserves and production in Mexico. Canarc Resource Corp. holds a minority shareholding in the Company and helps manage the affairs of Endeavour.

On Behalf of the Board of Directors,

ENDEAVOUR GOLD CORP.

"Bradford J. Cooke"


Bradford J. Cooke
President and CEO

WARNING: The company relies on litigation protection for forward-looking statements. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.

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