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| |  Endeavour Silver Corp.(EXK:NYSEAmex)(EJD:DBFrankfurt)(EDR:TSX)(EDR:WT:TSX) is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of aggressive silver production and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition program should help Endeavour achieve its goal to become the next premier mid-tier primary silver producer. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage to the price of silver, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Guanajuato plants. INVESTOR INFORMATION
Key Acquisitions - In 2004, Endeavour acquired options to purchase 100% of the historic Santa Cruz silver mine and large Guanacevi process plant (the "Guanacevi Mines Project") in Durango State for US$7 million in cash payments, US$1.35 million in shares, US$1 million in work expenditures and 49% of distributable profits over 4 years. The company accelerated the purchase of its 100% interests in Guanacevi through early buy-outs of the plant in July 2006 and the mines in May 2007. In Q2, 2007, Endeavour purchased 100% of the famous Cebada and Bolanitos silver-gold mines and the modern Bolanitos process plant (the "Guanajuato Mines Project") in Guanajuato State for US$7.1 million payable in cash, shares and warrants. New Discoveries - Within 6 months of optioning the Guanacevi Mines Project in 2004, Endeavour successfully discovered high-grade silver mineralization in the new North Porvenir zone, drove a 400 m access ramp into it, estimated an initial 4.8 million oz inferred silver resources, and commenced production. Exploration drilling to year-end 2008 has discovered four new orebodies and increased the combined reserves and resources to 62 million oz silver equivalents, still open for expansion in all directions. In 2008 the company announced three new discoveries; a high grade silver-gold-zone at the Cebada Mine at the Guanajuato Project, several high grade silver zones on the San Pedro properties at Guanacevi and four new high grade silver-gold zones on its Bolanitos properties, also at Guanajuato. In the same way, Endeavour recently discovered the new high grade silver-gold mineralization in the Lucero vein at Guanajuato in September 2008. By November, it was being developed underground and production from Lucero commenced in January 2009. Current Production - In 2008, Endeavour increased silver production to 2,340,000 oz. (plus gold) which represents a growth rate of 600% since 2004. Capital programs are underway at both operations and production is projected to grow a further 100% over the next two years. Growth Plans - Endeavour has made significant investments at Guanacevi and Guanajuato to expand the plant capacities to 4.5 million oz silver per year, and the Company is now focused on expanding the mines to full capacity. The Company plans additional growth by exploration and development of its existing properties and is actively looking for acquisitions with existing or near term silver production. MANAGEMENT AND DIRECTORS Bradford Cooke, M.Sc., P.Geo. - Chairman and CEO. - Professional geologist with 32 years experience in exploration management and financing, including Shell, Chevron, Noranda, and Canarc Godfrey Walton, M.Sc., P.Geo. - President and COO - Professional geologist with 34 years experience in mine exploration and development, including Chevron, Hemlo Gold, Canarc, others Dan Dickson, CA, CFO - Chartered Accountant with 7 years experience in audit and accounting including 5 years with KPMG. David Howe, M.Sc., VP, Operations - Professional geologist with 23 years experience, primarily in Latin America, with Hecla, St. Ann Jamaica Bauxite. Barry Devlin, M.Sc., P.Geo. - VP, Exploration - Professional geologist with 27 years experience in mine exploration and project management, including Hecla, US Borax, others Hugh Clarke, VP, Corporate Communications - Communications specialist with over 30 years experience in corporate finance, investor marketing and communications. Miguel Ordaz, Ing. - Projects Director and Legal Representative, Mexico - Geological engineer with 30 years experience in Mexican mineral exploration and mine management. Leonard Harris, P.Eng., - Director - Retired metallurgical engineer who as President of Newmont Peru was responsible for the development of the huge Yanacocha gold mine in Peru. Geoff Handley, B.Sc., Director - Geologist with over 30 years experience in global exploration, acquisitions and planning, most recently Executive VP, Strategic Development, Placer Dome Inc. Mario Szotlender, B.IR., Director - Businessman specializing in financing and managing new business ventures for numerous private and public companies over the past 19 years. Rex McLennan, B.Sc., M.B.A., Director - Over 25 years industry experience including CFO and Executive VP with Placer Dome Inc. until 2005. CONTACT INFORMATION
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