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,


"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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