Endeavour Mining Creating A Premier African Gold Producer

Endeavour Mining Creating A Premier African Gold Producer October 2015 Investor Presentation

Disclaimer & Forward Looking Statements Cash cost per ounce and all-in sustaining cash cost per ounce are non-gaap performance measures with no standard meaning under IFRS. This presentation contains forward-looking statements including but not limited to, statements with respect to Endeavour s plans and operating performance, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as expects, expected, budgeted, forecasts and anticipates. Forwardlooking statements, while based on management s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour operates. Although Endeavour has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forwardlooking statements. Please refer to Endeavour s most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business. 2

Endeavour Overview A TSX-listed West African intermediate gold producer 4 producing mines in 4 countries adding Ity as 5 th mine 2015 production ~500 koz increasing to ~580 koz/yr AISC/oz in low-$900s slight improvement Attributable 2P reserves of 4.0 Moz increasing to 4.8 Moz Attractive pipeline: Houndé Project fully permitted and preparing for construction decision in early 2016 Ity CIL Project in feasibility study due December 2015 Excellent environmental, social and safety record Focused on Maximizing operating cash flow and profits Extending mine lives by adding reserves & resources Strengthening capital structure and balance sheet Growth through build and acquire strategy Share price CDN$0.70 Current Pro Forma * Issued Shares (M) 413 590 Market Cap (US$M) $224 $320 Net Debt (US$M) 1 $242 $159 Enterprise Value (US$M) $466 $479 * Shareholder meeting on Nov 5, 2015 to approve partnership with La Mancha / Naguib Sawiris Investment of $63 M 2 cash into Endeavour Acquisition of low cost production at Ity Gold Mine (55% interest) in Côte d Ivoire 1 Using balance sheet values as of June 30, 2015; pro forma additions include US$63 million cash investment (estimated to be US$83M consolidated basis) 2 The US$63 million cash investment by La Mancha is inclusive of an expected US$25 million of attributable cash held in SMI (representing 55% of an anticipated US$45 million cash balance at closing), with the balance being invested into the La Mancha subsidiary being sold to Endeavour 3

Endeavour Growth through Build and Acquire Strategy ~800,000 ozs Houndé: FS in 2013, fully permitted for 2016 construction decision potential Q4/2017 production Ity Heap Leach: 5 th mine, potential to extend to 2019/2020 with definition of additional resources and CIL reserves Agbaou: FS in 2012, construction and start up in 2013, low-cost operations Tabakoto: 3 rd acquisition, mill expanded, converted to owner mining, improved mill feed 80,000 ozs Nzema: 2 nd acquisition, recapitalized Youga: 1 st acquisition, now a mature mine 4

Complementary West Africa Gold Assets Houndé Project (after construction) Annual Production (koz) 190 Dakar AISC ($/oz) <725 Expected Life +10 years Tabakoto Mine Bamako Ouagadougou Ownership Interest 90% 2015e Production (koz) 155-165 H1 AISC ($/oz) (1) 1,055 Youga Mine Ownership Interest 80%/90% Conakry 2015e Production (koz) 60-65 Freetown H1 AISC ($/oz) (1) 863 Ownership Interest 90% Ity Mine 2015e Production (koz) 88 H1 AISC ($/oz) (1) 696 Monrovia Abidjan Accra Lomé Accra Operations Office Ownership Interest 55% Nzema Mine Ity CIL Project (DFS underway) 2015e Production (koz) 110-115 Avg. Production (koz) +120 H1 AISC ($/oz) (1) 1,062 AISC ($/oz) (2) <725 Ownership Interest 90% Expected Life +10 years Ownership Interest 55% Agbaou Mine 2015e Production (koz) 150-155 H1 AISC ($/oz) (1) 597 Ownership Interest 85% (1) For the 6 months ended June 30, 2015 (2) Estimate 5

Strategic Rationale: Securing the Platform for Growth Landmark partnership with Naguib Sawiris accelerates Endeavour's growth in Africa Shared vision for growth in Africa to create the premier African gold producer US$63 M cash injection and additional US$75 M in-principle commitment to support Endeavour s growth Step change in strengthening the balance sheet and funding position Capital injection reduces Endeavour's net debt from US$242 M to US$159 M 1 Net debt / EBITDA 1 multiple significantly decreases from 1.3 times to 0.7 times No scheduled Corporate RCF repayments until September 2018 Complementary addition of low cost production Adds a fifth cash flow producing mine, in Côte d Ivoire Immediately increases group production rate to 580 koz/yr Enhanced growth profile Adds a second project to follow Houndé, potentially increasing production by +300 koz per year Attributable P&P reserves 2 increase 22% from 4.0 Moz to 4.8 Moz and M&I resources increase 21% from 6.9 Moz to 8.5 Moz Ability for further regional consolidation Value accretive transaction for Endeavour shareholders Ity is an accretive, low-cost bolt-on acquisition 1 Using balance sheet values as of June 30, 2015 and 2015e EBITDA estimate of US$180M; pro forma additions include US$63 million cash investment (estimated to be US$83M consolidated basis) and Ity trailing 12m EBITDA of $45M (6m actual to June 30, 2015 and 50% of 12m actual to December 31, 2014) resulting in 55% attributable amount of $29.5M 2 See Appendix for details of Ity Gold Mine Mineral Reserves and Mineral Resources 6

koz Overview of Ity Located 480 km northwest of Abidjan with open pit mining and heap leach ore treatment Hosted within highly prospective Birimian greenstone belt surrounded by intrusives Additional resources (some currently slated for Ity CIL) being defined to provide additional feed to extend Heap Leach Operation to 2019/2020 Acquiring 55% interest with remaining 30% held by SODEMI, 10% State of Côte d Ivoire, and 5% the Didier Drogba group Aggressive exploration program increased M&I resources to 2.9 Moz plus 0.5 Moz Inferred Ity Gold Mine (100% basis) Heap Leach CIL Project 2 Stage In production FS underway Production start date 1991 2019e Mine type Open Pit Open Pit Mill type 950 ktpa HL 2.0-3.0 Mtpa CIL Upfront capital (US$M) n/a Approx. $200-$300 Production 2015e: 88 koz ~120 koz/yr AISC/oz (HL: H1 2015) US$696 <US$725 P+P Reserves 173 koz 1.4 Moz M&I Resources 1 Inferred Resources 2.9 Moz 0.5 Moz 1 Mineral Resources inclusive of Reserves (100% basis) 2 Parameters currently being evaluated in the FS Heap Leach - historical production (100% basis) Sawiris owned Ity Gold Mine site plan 7

Enhanced Operating Profile 5 Year Production and AISC Profile AISC/oz 12 months ended December 31, 2014) Endeavour Ity Endeavour & Ity Impact of adding Ity Gold production (koz) 466 81 547 +17% AISC (US$/oz) $1,010 $921 $997-1% Revenue (US$M) 583.6 100.0 683.6 +17% EBITDA (US$M) 142.8 35.8 178.6 +25% 6 months ended June 30, 2015 Endeavour Ity Endeavour & Ity Impact of adding Ity Gold production (koz) 255 45 300 +18% AISC (US$/oz) $922 $696 $888-4% % change in production from Ity addition 14% 14% 11% 26% Revenue (US$M) 306.7 51.8 358.5 +17% EBITDA (US$M) 97.9 26.8 124.7 +27% Shown on a 100% consolidation basis HL mine life could extend to 2019/2020 with definition of additional resources and CIL reserves Production profile chart illustrates: Houndé Project: Q2/2016 construction with commercial production achieved in Q4/2017 Ity Heap Leach effective November 2015 at 80,000 oz/yr based on P&P reserves and some conversion of CIL P&P oxide reserves for processing, depending on CIL plant start date Ity CIL Project: Q4/2017 construction start (i.e. after Houndé) with commercial production achieved in Q2/2019 8

One of West Africa's Largest Gold Producers Production Incl. Houndé and before Ity CIL 9

Net Debt / 2015E EBITDA Enhanced Financial Profile Improved Net Debt / EBITDA Endeavour is de-leveraging with Net Debt reducing from US$242M to US$159M while growing its EBITDA Using balance sheet values as of June 30, 2015, 2015e EBITDA estimate of US$180M for Endeavour, and consensus EBITDA estimates for peers sourced from Factset; pro forma additions include US$63 million cash investment (estimated to be US$83 million on a consolidated basis) and Ity trailing 12m EBITDA of $45M (6m actual to June 30, 2015 and 50% of 12m actual to December 31, 2014) resulting in 55% attributable amount of $29.5M 10

Houndé Project - Highlights P&P Reserve 1 of 2.1 Moz at 2.1 g/t Upfront capital of $270 M, plus owner mining fleet $55 M Processing plant consists of: SAG / Ball mill grinding circuit Gravity / CIL plant 3.0 Mtpa throughput 240,000 oz/yr for first 3 years with 10 year mine life Excellent infrastructure: Power from Sonabel 225 kv grid 2.7km from paved highway 25km from rail line that extends to port of Abidjan Houndé General Site Layout Mine, Waste Dumps, and Plant Location 1 See Appendix for details on Houndé Mineral Reserves and Mineral Resources 11

Houndé Ranks in the Top Tier of West African Projects At $1,200/oz gold price: Peer Projects Project Status, Reserves/Resources and Project IRRs at $1,300 AISC/oz of $711 IRR 27.9% (after tax) NPV 5% $302 M (after tax) Funding secured following transaction Reserves Resources PEA/PFS Feasibility Study Permitted In Construction Production 1 Otjikoto IRR at $1,350/oz and pre-tax 2 Fekola IRR is pre-tax 12

Fully Funded for Houndé 2016 Construction Decision Available Liquidity (US$M) Illustrative Ability to Fund Houndé 1 Sawiris Investment. $63M Available RCF: $70M Cash: $53M Houndé construction period At $1,200 gold price, it is expected that Houndé can be funded without drawing down on available RCF 1 Management estimates for illustrative purposes assuming Houndé $270M upfront capex and $55M mining equipment lease, Q2 2016 construction start Illustrative Ability to Fund Houndé chart does not include the in-principle commitment for up to $75M 13

Endeavour's Team with Strategic Integration Executive Team Neil Woodyer Chief Executive Officer & Director Sébastien de Montessus President & Director Adriaan "Attie" Roux COO Ota Hally CFO Douglas Bowlby EVP Morgan Carroll EVP Jeremy Langford EVP Doug Reddy EVP Richard Thomas EVP Board of Directors Michael E. Beckett Chairman Ian Cockerill Non-executive Director Frank Giustra Non-executive Director Ian Henderson Non-executive Director Wayne McManus Non-executive Director Miguel Rodriguez Non-executive Director Naguib Sawiris Non-executive Director Neil Woodyer Chief Executive Officer & Director Sébastien de Montessus President & Director 14

Summary: Positioning Endeavour for Growth Strategic, long-term partnership with Naguib Sawiris and La Mancha Building on successes in Côte d Ivoire Strengthening the balance sheet with accretive US$63 M cash investment Ability to fully-fund Houndé Project in 2016 Addition of 55% interest in Ity Gold Mine adds operating cash flow Becoming a Premier African gold producer Producing at 580,000 oz/yr Growing to ~800,000 oz/yr in 2018 with construction of Houndé project Solid platform with attributable 2P Reserves of 4.8 Moz Well positioned to continue build & acquire strategy at a low point in this gold price cycle 15

Appendix - Transaction Summary: African Gold Partnership Proposed Transaction US$63 M cash 1 investment by La Mancha Holding S.àr.l., a privately-held gold investment company controlled by Naguib Sawiris and family In-principle commitment of up to US$75 M to support growth Acquire 55% interest in the Ity Mine, CIL expansion, and exploration land in Côte d'ivoire Consideration Approximately 177.1 million Endeavour shares to be issued to La Mancha representing 30.0% of the enlarged share capital 2-year lock-up and stand-still agreement Conditions Approval of 50% + 1 votes cast by Endeavour shareholders at a Special Meeting Customary regulatory and government approvals Approval from Endeavour s RCF banking syndicate Governance & Management Increasing 7 member board to 9 with Naguib Sawiris and Sébastien de Montessus joining Sébastien de Montessus will join Endeavour in a newly created position of President Attie Roux, COO will continue to report to Neil Woodyer, CEO Within 24 months, it is envisioned that Sébastien de Montessus will transition to CEO and Neil Woodyer will transition to Executive Chairman Growth Strategy Naguib Sawiris and La Mancha support the long-term growth strategy of Endeavour in Africa La Mancha retains the right to participate in future equity raisings supported by the US$75 M in-principle commitment to fund development and acquisitions Timeline Information Circular distributed to Endeavour s shareholders in October 2015 Special Shareholder Meeting to take place on November 5, 2015 Transaction closing expected in mid-november 2015 1 The US$63 million cash investment by La Mancha is inclusive of an expected US$25 million of attributable cash held in SMI (representing 55% of an anticipated US$45 million cash balance at closing), with the balance being invested into the La Mancha subsidiary being sold to Endeavour. 16

Appendix - Transaction Valuation Issued shares millions 413.1 New shares issued to La Mancha / Sawiris millions 177.1 30.0% ownership Pro-forma issued shares millions 590.2 EDV market price (20day VWAP on TSX to Sept 18/15) C$/share C$0.58 Transaction valuation US$M 78 USD-CAD 1.32 Includes attributable cash proceeds US$M 63 Ity is an accretive, low-cost bolt-on acquisition For an operating mine with exploration and production expansion potential, we are paying: $17 per attributable P&P reserves (55% of 1.6 Moz) $9 per attributable M&I resources (55% of 2.9 Moz) 0.5 EV / EBITDA (attributable 12 month trailing EBITDA of $29.5 M 1 ) 1 Using balance sheet values as of June 30, 2015 and 2015e EBITDA estimate of US$180 M; pro forma additions include US$63M cash investment (estimated to be US$83 M on a consolidated basis) and Ity trailing 12m EBITDA of $45 M (6m actual to June 30, 2015 and 50% of 12m actual to December 31, 2014) resulting in 55% attributable amount of $29.5 M 17

Appendix - Endeavour Mineral Reserves and Resources Mine / Project Mineral Reserves as at December 31, 2014 Proven Probable Proven & Probable Gold Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Price Mt g/t koz Mt g/t koz Mt g/t koz US$/oz Nzema 1 - Total 5.2 2.0 339 2.1 2.3 156 7.3 2.1 496 US$ 1,350 Attributable - 90% 305 141 446 Youga 2 - Total 2.5 1.7 139 1.0 2.0 63 3.5 1.8 202 US$ 1,250 Attributable - 90% 125 57 181 Agbaou 3 - Total 2.7 2.7 236 8.8 2.4 690 11.5 2.5 926 US$ 1,350 Attributable - 85% 200 587 787 Tabakoto 4 Total 2.3 3.3 249 4.4 4.0 558 6.7 3.7 807 US$ 1,350 Attributable 80%-90% 202 470 672 Houndé 5 Total 3.7 2.5 295 26.9 2.1 1,780 30.6 2.1 2,073 US$ 1,300 Attributable - 90% 266 1,602 1,866 Total 1,258 3,247 4,503 Total Attributable 1,098 2,856 3,952 Mine / Project Mineral Resources (including Reserves) as at December 31, 2014 Measured Indicated Measured & Indicated Inferred Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Mt g/t koz Mt g/t koz Mt g/t koz Mt g/t koz Au g/t Nzema 1 - Total 23.7 1.4 1,040 13.0 1.3 550 36.7 1.3 1,590 7.6 1.3 311 0.5 Attributable - 90% 936 495 1,431 280 Youga 2 - Total 7.3 1.3 317 9.7 1.6 494 17.0 1.5 812 2.8 1.6 141 0.5 Attributable - 90% 285 444 730 127 Agbaou 3 - Total 2.9 2.8 255 11.1 2.4 854 13.9 2.5 1,109 2.1 2.3 154 0.5 Attributable - 85% 216 726 942 131 Tabakoto 4 - Total 5.6 2.9 529 13.4 3.0 1,310 19.0 3.0 1,839 17.6 2.8 1,582 0.5 to 1.5 Attributable 80%-90% 433 1,110 1,543 1,315 Houndé 5 - Total 3.7 2.6 305 34.1 2.1 2,242 37.8 2.1 2,546 3.2 2.6 273 0.5 Attributable - 90% 274 2,017 2,291 246 Total 2,446 5,449 7,896 2,462 Total Attributable 2,146 4,792 6,938 2,099 Note: Percent attributable at Tabakoto Kofi is weighted by contribution to resources. Notes to Mineral Resources and Reserves, including Qualified Persons, is available at www.endeavourmining.com/s/reserves.asp Lower cutoff 18

Appendix - Ity Mineral Reserves and Resources as at July 31, 2015 Reserves Mine / Project Proven Probable Proven & Probable Gold Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Price Mt g/t k Ozs Mt g/t k Ozs Mt g/t k Ozs US$/oz Ity Heap Leach - Total 2.3 2.4 173 2.3 2.4 173 US$ 1,150 Attributable - 55% 95 95 Ity CIL Project - Total 28.0 1.6 1,429 28.0 1.6 1,429 US$ 1,200 Attributable - 55% 786 786 Total 1,602 1,602 Total Attributable 881 881 Mine / Project Resources (including reserves) Measured Indicated Measured & Indicated Inferred Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Lower cutoff Mt Au g/t koz Mt Au g/t koz Mt Au g/t koz Mt Au g/t koz Au g/t Ity - Total 27.3 1.4 1,191 31.8 1.7 1,729 59.1 1.5 2,920 9.7 1.5 458 Attributable - 55% 655 951 1,606 252 Notes to Mineral Resource and Mineral Reserve Tables Open pit: 0.5 to 0.8 Stockpiles: 0 The "Technical Report for the Ity Gold Mine, Côte d'ivoire, West Africa" effective date July 31, 2015 has been filed on SEDAR. The Qualified Persons are K.J. Body, Pr.Sci.Nat. (Coffey Mining Pty Ltd.), M. Mudau, Pr.Sci.Nat. (Coffey Mining Pty Ltd.), G.I. Cunningham, Pr.Eng. (Turnberry Projects Pty Ltd.), R. Bosc, Eur.Geol. (Arethuse Geology Sarl), P. Perez, P.Eng. (SGS Canada), J. Baker, P.Eng. (SNC-Lavalin Inc.), D. Gauthier, Eng. (SNC-Lavalin Inc.), P. Larochelle, Eng. (SNC-Lavalin Inc.) and H.P. Sangam, P.Eng. (SNC-Lavalin Inc.). Ity mineral resources were prepared by K.J. Body, Pr.Sci.Nat (Coffey Mining Pty Ltd) and R. Bosc, Eur.Geol. (Arethuse Geology Sarl), and mineral reserves were prepared by P. Perez, P.Eng. (SGS Canada) for the Ity Heap Leach and J. Baker, P.Eng. (SNC-Lavalin Inc.) for the Ity CIL Project effective date of July 31, 2015. The following notes apply to the tables: Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Tonnages are rounded to the nearest 100,000 tonnes; grades are rounded to one decimal place; ounces are rounded to the nearest 1,000 ounces. Rounding may result in apparent summation differences. Tonnes and grade measurements are in metric units; contained gold is in troy ounces. 19

Appendix - Endeavour s Operating Mines: Summary Table Resources (incl. Reserves, 100%) Agbaou Gold Mine (85% Endeavour, 10% Côte d Ivoire, 5% SODEMI) M&I: 13.9Mt @ 2.5 g/t for 1.109Moz Inferred: 2.1Mt @ 2.3 g/t for 0.154Moz Nzema Gold Mine (90% Endeavour, 10% Ghana) M&I: 36.7Mt @ 1.3 g/t for 1.590Moz Inferred: 7.6Mt @ 1.3 g/t for 0.311Moz Reserves (100%) 11.5Mt @ 2.5 g/t for 0.926 Moz 7.3Mt @ 2.1 g/t for 0.496 Moz Strip Ratio 8 to 1 (2015); 11 to 1 LOM 6.2 to 1 (2015); 5.6 to 1 LOM Tabakoto Gold Mine (80% Endeavour, 20% Mali) (Kofi: 90% Endeavour, 10% Mali) M&I: 19.0Mt @ 3.0 g/t for 1.839Moz Inferred: 17.6Mt @ 2.8 g/t for 1.582Moz 6.7Mt @ 3.7 g/t for 0.807 Moz (~65% U/G @ 3.9 g/t) Tabakoto & Segala U/G: N/A Kofi B: 6 to 1 LOM Kofi C: 10 to 1 LOM Youga Gold Mine (90% Endeavour; 10% Burkina Faso) Youga & Ouaré M&I: 17.0Mt @ 1.5g/t for 0.812Moz Inferred: 2.8Mt @ 1.6g/t for 0.141Moz 3.5Mt @ 1.8g/t for 0.202 Moz 4.0 to 1 (2015); 4.2 to 1 LOM Processing Rate Met. Recovery Up to 2.2 Mtpa Gravity/CIL plant - oxides; 1.6 Mtpa fresh ore Achieving 97% at present; 92.5% design 1.6 to 2.1 Mtpa Gravity/CIL plant 1.4 Mtpa Gravity/CIL plant 1.0 Mtpa Gravity/CIL plant 91% to 75% depending on ore type 92% - 95% 94% Production 2014 146,757 oz H1 2015 85,831 oz 2015e 150,000 to 155,000 oz 2013 103,464 oz 2014 115,129 oz H1 2015 59,821 oz 2015e 110,000 to 115,000 oz 2013 125,231 oz 2014 127,323 oz H1 2015 73,148 oz 2015e 155,000 to 165,000 oz 2013 89,448 oz 2014 76,561 oz H1 2015 36,109 oz 2015e 60,000 to 65,000 oz Cash Costs ($/oz) All-in Sustaining Costs ($/oz, Mine Level) Expected Mine Life 2014 $523 H1 2015 $441 2014 $621 H1 2015 $597 2015e $690 - $740 2013 - $918 2014 - $880 H1 2015 $862 2014 - $1,036 H1 2015 $1,062 2015e $1,000 - $1,050 2013 - $981 2014 - $1,172 H1 2015 $864 2014 $1,335 H1 2015 $1,055 2015e $950 - $1,000 7 years from current Reserves 5 years from current Reserves 5 years from current Reserves 2013 - $732 2014 - $742 H1 2015 $802 2014 - $824 H1 2015 $863 2015e $975 - $1,025 2 years at current grade (potential for 5 years with satellite deposits and Ouaré) Royalty 3% - 5% sliding scale 5% (+1% 3 rd party at Adamus pits) 6% 3% - 5% sliding scale Corporate Tax 25% (5 year corporate tax holiday) 35% 25% 17.5% 20

Appendix - Company Profile Share Price (September 30, 2015) Balance Sheet (June 30, 2015) Recent Share Price Pro forma Market Cap* CDN$0.55 AUD$0.60 CDN$325 million Cash position Drawn down from $350 million debt facility $53 million $280 million Av. daily shares in September 2015 Canada TSX:EDV Australia ASX:EVR USA OTCQX:EDVMF 1.4 million 0.1 million 0.1 million Current Shareholder Geographic Mix Capitalization Summary (September 30, 2015) Shares in Issue 413,143,668 New Shares to La Mancha* 177,061,572 Options 27,783,837 Warrants none Fully Diluted 617,989,077 Shareholder Base Institutions 60-65% Retail 25-35% Insiders/Management 4% *New shares to La Mancha subject to Endeavour shareholder and other approvals 21

Neil Woodyer, CEO nwoodyer@endeavourmining.com +377 97 98 7130 Doug Reddy, EVP Business Development dreddy@endeavourmining.com +1 604 609 6114 22