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Endeavour Mining Corporation: Endeavour Announces Governance Changes

Endeavour Announces Governance Changes:

- Sebastien de Montessus appointed as CEO- Neil Woodyer to become Non-Executive Chairman View News Release in PDF Format
George Town, May 9
, 2016 -
Endeavour Mining Corporation ("Endeavour") (TSX: EDV) (OTCQX: EDVMF)
announces that Sébastien de Montessus has been appointed as Chief Executive
Officer ("CEO"), replacing Neil Woodyer who will be appointed Non-Executive
Chairman of the Board of Directors. Michael Beckett will remain an
independent director.

These governance changes are to take effect upon the completion of the Annual
General Meeting, which is expected to be held on June 28th, 2016.

The Board of Directors wishes to thank Mr. Woodyer for his significant
contribution to the growth of the Company. In addition, the Board is pleased
to welcome Mr. de Montessus who brings a proven management track-record as
former CEO of La Mancha and of Areva Mining, and a large experience in
African mining operations.

Michael Beckett, Chairman of the Board of Directors commented, "Neil has shown
exceptional vision and leadership throughout his 6-year tenure, and, as
founder of Endeavour, has grown the company into an intermediate gold
producer with five operating mines and opportunities for growth. On behalf of
the Board of Directors, management and Endeavour employees, I want to thank
Neil and recognize him for establishing the Endeavour we know today. We are
pleased to welcome Sébastien and we look forward to having him lead the
company into the future".

Neil Woodyer commented, "I am very proud of Endeavour's team and our
accomplishments to date. We now have a committed and long term strategic
relationship with our main shareholder Naguib Sawiris, on which to build
further significant value for our shareholders. Our achievements to date are
largely due to our strong operating team and its leadership, our proven
construction team and our entrepreneurial corporate team. Over the last six
months Sebastien has developed a key role within the team and I am very
confident that he is the right person to lead the company forward. I would
also like to thank our Chairman, Michael Beckett, for the support that he has
given me in my role as CEO."

Sébastien de Montessus commented, "I look forward to leading Endeavour through
this pivotal time and carrying on our work developing Endeavour into the one
of Africa's premier gold producers. I am excited about the value we will
create and will work hard to secure a strong future for Endeavour and its

About Sébastien de MontessusMr. de Montessus has been the President and a Director of Endeavour since
November 27, 2015. Previously, Mr. de Montessus was the Chief Executive
Officer of the La Mancha Group since 2012. La Mancha is 100% owned by the
Sawiris family from Egypt. Under the leadership of Mr. de Montessus, La
Mancha doubled its production through optimization efforts before undergoing
a portfolio restructure which enabled La Mancha to become the main
shareholder of both Evolution Mining, the second largest Australian gold
producer, and Endeavour Mining, one of the leading African gold miner. In
September 2015, Mr. de Montessus was appointed to the board of Evolution

Prior to his role with La Mancha Mr. de Montessus was a member of the
Executive Board and Group Deputy CEO of AREVA Group (a world leader in
nuclear energy) and CEO of AREVA Mining (uranium), where he oversaw the
design and implementation of a 5-year strategic plan, which saw Areva Mining
significantly increase profitability and become the largest uranium producer
in the world in 2010 with 6 mines.

Mr. de Montessus was a Board member of ERAMET, a world leader in alloying
metals, between 2010 and 2012.

Before joining AREVA in 2002, Mr. de Montessus was an investment banker at
Morgan Stanley in London (M&A and Equity Capital Markets).

Mr. de Montessus is a business graduate from ESCP-Europe Business School in

About Endeavour Mining CorporationEndeavour Mining is a TSX-listed intermediate gold producer, focused on
developing a portfolio of high quality mines in the prolific West-African
region, where it has established a solid operational and construction track

Endeavour is ideally positioned as the major pure West-African multi-operation
gold mining company, operating 5 mines in Côte d'Ivoire (Agbaou, Ity),
Burkina Faso (Karma), Mali (Tabakoto), and Ghana (Nzema). In 2016, it expects
to produce between 535koz and 560koz at an AISC of US$870 to US$920/oz,
excluding Karma which is expected to enter commercial production in June.
Endeavour is currently building its Houndé project in Burkina Faso, which is
expected to commence production in Q4-2017 and become its flagship low-cost
mine with an average annual production of 190koz at an AISC of US$709/oz over
a 10-year mine life based on reserves.

The development of the Houndé project is expected to lift Endeavour's group
production +900kozpa and decrease its average AISC to<$800/oz by 2018, while
exploration is aims to extend all mine lives to +10 years.

Endeavour is listed on the TSX (symbol EDV), and also trades on the OTCQX
(symbol EDVMF).

Contact Information ---------------------------------------------------------------------
| Vincent Benoit DFH Public Affairs in Toronto |
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|EVP - Strategy&Business Development John Vincic |
|+33 (0)1 70 38 36 96 (416) 206-0118 x.224 |
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|Martino De Ciccio Brunswick Group LLP in London |
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|VP - Strategy&Investor Relations Carole Cable, Partner |
|+33 (0)1 70 38 36 95 +44 7974 982 458 |
| |
Endeavour Mining | Executive Office | Bureau 76, 7 Boulevard des Moulins,
Monaco 98000

This news release 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". Forward-looking 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. Accordingly,
readers should not place undue reliance on forward-looking statements. Please
refer to Endeavour's most recent Annual Information Form filed under its
profile at for further information respecting the risks
affecting Endeavour and its business.

View News Release in PDF Format


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Endeavour Mining Corporation via Globenewswire


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