Endeavour Mining Delivers 310,000 Oz Gold Production Exceeding 2012 Guidance and Provides 2013 Forecast

Endeavour Mining Delivers 310,000 Oz Gold Production Exceeding 2012 Guidance 
and Provides 2013 Forecast 
VANCOUVER, Jan. 22, 2013 /CNW/ - Endeavour Mining Corporation ("Endeavour" or 
the "Corporation") (TSX:EDV, ASX:EVR, OTCQX:EDVMF) announces total annual 
production for 2012 of 310,778 ounces of gold exceeding the 2012 production 
guidance range of 282,000 to 304,000 ounces. For 2013, Endeavour expects 
gold production in the range of 310,000 to 345,000 ounces at a cash cost per 
ounce (excluding royalties) of $790 to $830, with all gold sold at spot prices 
due to recent de-hedging transactions. Additional near-term production 
growth of over 100,000 ozs per year is expected from the Agbaou Gold Mine 
which is currently in construction (Q1 2014 completion). A recently completed 
Preliminary Economic Assessment (PEA) shows potential for 160,000 ozs per year 
from the Houndé Gold Project (Burkina Faso) in 2016. 
(All amounts in US dollars unless otherwise indicated) 
Neil Woodyer, CEO, stated 
"2012 was a strong year of growth for your company. We continued to increase 
the scale of the business with the successful acquisition of Avion in October 
2012, and we delivered above guidance gold production for the quarter and the 
year. 
Agbaou construction is on schedule for completion in Q1 2014 with commitments 
to date on-track at 46% of budget. Expansion of the Tabakoto mill is 
progressing on schedule for completion by the end of Q1 2013, with ramp-up in 
the following quarter. 
We are also pleased to be rapidly advancing the Houndé Gold Project with a 
significant increase in the Indicated mineral resource to 1.46 million ounces 
and Inferred mineral resource of 749,000 ounces, the positive PEA announced 
today, and the anticipated completion of a Feasibility Study led by Lycopodium 
in Q4 2013. 
Endeavour is now producing gold at a rate of over 300,000 ounces per year from 
three mines - a significant increase compared to 82,400 ounces produced from 
only one mine in 2010. The expansion of Tabakoto and start of production at 
Agbaou are anticipated to add an additional approximately 150,000 ounces per 
year, with Houndé potentially adding a further 160,000 ounces of production 
per year, bringing Endeavour to over 550,000 ounces from five mines in 2016. 
During 2013 we will be focused on realizing this growth from our existing 
assets with a $195 million capital program, and $32 million of exploration and 
feasibility study programs. In addition to Agbaou construction, the Tabakoto 
expansion, and the capital needs of Nzema and Youga, this will include the 
completion of a cost reduction and profit improvement plan at Tabakoto, 
completion of the access development at Segala, and focused exploration on 
Tabakoto and Kofi. 
We anticipate that, at current market prices, we can fund our planned capital 
expenditure program over the next 3 to 4 years, including Houndé, from 
current financial resources. In view of changing market conditions, and 
changes and updates to our project development and implementation plans as 
they evolve and mature, we must maintain our financial flexibility and 
liquidity. We believe that this can and should be achieved by expanding our 
bank credit facilities rather than accessing the equity markets. 
We have also maximized the company's exposure to the gold price in 2013 by 
eliminating the 2013 hedge positions at Tabakoto and Nzema in December 2012." 
2012 Production Results by Mine 
Table 1 Nzema Gold Mine, Ghana - 2012 Production 
 _____________________________________________________________________
|Nzema, Ghana      |2012 Q1-Q3|  2012 Q4  |2012 Full Year | 2012 Full |
|                  | 9 months |  3 months |    Actual     |Year       |
|                  |          |           |               | Guidance  |
|__________________|__________|___________|_______________|___________|
|Ore Milled ('000  |     1,616|        528|          2,144|           |
|t)                |          |           |               |           |
|__________________|__________|___________|_______________|___________|
|Milled Grade (g/t |      1.78|       1.85|           1.80|           |
|Au)               |          |           |               |           |
|__________________|__________|___________|_______________|___________|
|Gold Production   |    82,780|     26,667|        109,447| 102,000 to|
|(ozs)             |          |           |               |    112,000|
|__________________|__________|___________|_______________|___________|
|Cash Cost per     |      $709|           |               |           |
|Ounce Produced    |          |           |               |           |
|(US$/oz)(1,2)     |          |           |               |           |
|__________________|__________|___________|_______________|___________|
|Cash Cost per     |          |In guidance|    In guidance|           |
|Ounce Produced    |          |      range|          range|           |
|(US$/oz) -        |      $675|           |               |$680 - $700|
|Excluding         |          |           |               |           |
|purchased ore(1,2)|          |           |               |           |
|__________________|__________|___________|_______________|___________| 
Table 2 Youga Gold Mine, Burkina Faso - 2012 Production 
 __________________________________________________________________
|Youga, Burkina |2012 Q1-Q3|   2012 Q4 |2012 Full Year | 2012 Full |
|Faso           |  9 months|   3 months|         Actual|Year       |
|               |          |           |               | Guidance  |
|_______________|__________|___________|_______________|___________|
|Ore Milled     |       772|        241|          1,013|           |
|('000 t)       |          |           |               |           |
|_______________|__________|___________|_______________|___________|
|Milled Grade   |      2.90|       3.03|           2.92|           |
|(g/t Au)       |          |           |               |           |
|_______________|__________|___________|_______________|___________|
|Gold Production|    69,379|     21,651|         91,030|  85,000 to|
|(ozs)          |          |           |               |     90,000|
|_______________|__________|___________|_______________|___________|
|Cash Cost per  |          |In guidance|    In guidance|           |
|Ounce Produced |      $616|      range|          range|$655 - $675|
|(US$/oz)(1,2)  |          |           |               |           |
|_______________|__________|___________|_______________|___________| 


    Table 3 Tabakoto Gold Mine, Mali - 2012 Production

 _____________________________________________________________________
|Tabakoto, Mali   |2012 Q1-Q3|2012 Q4 | 2012 Full |2012 Full Year     |
|                 |  9 months|3 months|Year Actual|                   |
|                 |          |        |           |    Guidance *     |
|_________________|__________|________|___________|___________________|
|Ore Milled ('000 |       616|     185|        801|                   |
|t)               |          |        |           |                   |
|_________________|__________|________|___________|___________________|
|Milled Grade (g/t|      4.76|    4.42|       4.70|                   |
|Au)              |          |        |           |                   |
|_________________|__________|________|___________|___________________|
|Gold Production  |    87,030|  23,271|    110,301|  95,000 to 102,000|
|(ozs)            |          |        |           |                   |
|_________________|__________|________|___________|___________________|
|Cash Cost per    |      $874|        |           |                n/a|
|Ounce Produced   |          |        |           |                   |
|(US$/oz)(1,2)    |          |        |           |                   |
|_________________|__________|________|___________|___________________|

* Tabakoto production guidance provided by Avion Gold Corporation, July 4, 
2012 news release

Full year 2012 gold production totalled 310,778 ounces, and cash operating 
costs are estimated to be in line with 2012 guidance. Endeavour anticipates 
providing the Q4 2012 and full year 2012 cash operating costs with the audited 
financial statements to be released in March 2013.

The preliminary Q4 2012 production and other financial information provided in 
this news release are approximate figures and may differ from the final 
results included in the 2012 annual audited statements and MD&A. In 
addition, as Endeavour completed its acquisition of Avion Gold Corporation 
effective October 18, 2012 the consolidated financial statements will only 
include results from the Tabakoto Gold Mine for the 75 day period of October 
18 to December 31, 2012.

2013 Guidance

Endeavour's 2013 gold production is forecast to be 310,000 to 345,000 ounces 
at a cash cost per ounce (excluding royalties) of $790 to $830.

Table 4 2013 Production and Cash Cost Guidance
                                                                       
                    Gold Production (ozs, 100%     Cash Cost per Ounce
                                        basis)              (US$/oz)(2)
                       2012           2013                     2013
                     Actual    Guidance range          Guidance range

Nzema, Ghana        109,446 100,000 -  110,000      $780 -         $820

Youga, Burkina Faso  91,030  75,000 -   85,000      $740 -         $780

Tabakoto, Mali      110,301 135,000 -  150,000      $830 -         $870
                                                                       
                                                                       

 TOTAL              310,777 310,000 -  345,000      $790 -         $830
                                                                       

Forecast 2013 Costs as Compared to 2012
    --  Nzema: Cost increase is primarily driven by higher mining costs
        due to increasing requirements for drilling and blasting as
        Salman moves into transition ore, the additional 9 km trucking
        distance of ore from Anwia-Teleku Bokazo, and increased labour
        costs in Ghana. Gold production from Anwia-Teleku Bokazo pit
        started in December 2012 at a lower rate than planned for Q1
        2013 due slower than expected access from the community to
        start mining in this area, however, it is anticipated that the
        rate will improve during subsequent quarters.
    --  Youga: Cost increase is primarily driven by an approximate 15%
        increase in the total tonnes to be mined and a 5% local payroll
        increase.
    --  Tabakoto: The operation has undertaken an in-depth review of
        the organization, working practices and management reporting
        systems as part of the integration program, with a specific
        focus on reducing operating cost while increasing production.

For 2013, Endeavour has a budgeted capital spending plan of $207 million, 
including:
    --  $17 million of sustaining capital which is equivalent to
        between $50 and $55 per ounce of forecast 2013 production. The
        sustaining capital includes: $3 million at Nzema, $9.5 million
        at Tabakoto and $4.5 million at Youga.
    --  $190 million of development capital, with the most significant
        items being $106 million for Agbaou construction, $7 million
        for Tabakoto mill expansion and $29 million for underground
        ramp and access development at the Segala and Tabakoto
        underground mines, $17 million for the Anwia-Teleku Bokazo
        access and resettlement at Nzema, and $12 million for the
        Houndé Gold Project feasibility study.

The 2013 exploration budget of $20 million prioritizes the Tabakoto and Kofi 
project areas in Mali. The Kofi property contains a number of deposits with 
mineral resources which total to 500,000 ounces of Indicated (6.9 Mt at 2.3 
g/t gold) and 702,000 ounces of Inferred (12.4 Mt at 1.8 g/t gold), and the 
deposits identified to date are within 10 to 40 km by road to the Tabakoto 
mill.

Update on Near-term Production Growth Projects

Tabakoto Gold Mine, Mali - Expansion to be Completed in Q1 2013

Expansion of the Tabakoto mill capacity from 2,000 tonnes per day (tpd) to 
4,000 tpd is proceeding on schedule, with all contractors on site since 
November of 2012. The expansion is expected to be completed by the end of 
March 2013, after which ramp-up of throughput will begin.

Agbaou Gold Mine, Côte d'Ivoire - Currently in Construction

Construction at Agbaou is progressing well and is on-schedule for production 
beginning in Q1 2014. Earthworks are well-underway, including clearing of all 
construction areas and the access road construction was also recently 
completed. Civil works are advancing, with CIL ring beams completed in 
December 2012 and foundations for SAG and ball mills recently poured. The five 
year mining contract was awarded to BCM International Ltd. and approximately 
46% of the total construction cost of $159 million has been committed. In 
February 2013 we expect completion of the next major milestone: structural 
steel delivery. Endeavour continues discussions with the Côte d'Ivoire 
government regarding the mining convention for Agbaou.

Houndé Gold Project, Burkina Faso - PEA Completed, Infill-drilling Underway, 
Feasibility Study Commenced

Endeavour's potential production growth profile has been significantly 
enhanced today with the announcement, in a separate news release, of the 
results of the PEA on the Houndé Gold Project in Burkina Faso. Endeavour 
currently has a 100% interest in the Houndé Gold Project, situated in the 
south-western region of Burkina Faso just south of Semafo's Mana mine. Upon 
achieving gold production, Endeavour's ownership will become 90% with a 10% 
carried interest held by the government of Burkina Faso.

Incorporation of potential production from Houndé revises Endeavour's growth 
trajectory from the current 300,000 ounces per year to over 550,000 during 
2016. This includes Agbaou and potential production from Houndé as well as 
additional production from the mill expansion at Tabakoto.

The PEA includes an updated resource estimate which shows an 63% increase in 
the Indicated mineral resources to 23,708,000 tonnes at 1.91 g/t Au containing 
1,456,000 ounces of gold and a 6% increase in the Inferred mineral resource to 
12,210,000 tonnes at 1.91 g/t Au containing 752,000 ounces of gold.

Houndé PEA Study Highlights, discussed in the separate news release, include 
on a 100% basis:
    --  Estimated potential average annual production of 161,000 gold
        ozs per year over a 10 year mine life, with total life of mine
        production of 1.61 million ozs
    --  An average 91% process recovery at a milling rate of 8,000
        tonnes per day supplying a conventional gravity and CIL circuit
    --  Owner operated open pit mining and a potentially economic
        portion of the resource is 28 million tonnes grading 2.0 g/t Au
        (at 0.91 g/t Au cut-off); comprised of 20.6 Mt at 2.0 g/t of
        Indicated mineral resources plus 7.3 Mt at 2.1 g/t of Inferred
        mineral resources
    --  Initial start-up capital is estimated at $303 million with
        sustaining capital estimated at $57 million (excluding VAT and
        import duties)
    --  Total initial funding requirement is estimated at $345 million
        including start-up capital, VAT, import duties and certain
        first year equipment purchases
    --  Forecast life of mine direct cash cost of $563 per ounce
        (excluding royalties)
    --  The project yields, on an after-tax basis:

 ___________________________________________________
|      |At $1,300/oz Gold Price | At $1,650/oz Gold |
|      |             (Base Case)|Price (Sensitivity)|
|______|________________________|___________________|
|NPV 0%|         $505 million   |     $920 million  |
|______|________________________|___________________|
|NPV 5%|         $288 million   |     $584 million  |
|______|________________________|___________________|
|IRR   |               21%      |            34%    |
|______|________________________|___________________|

The PEA is preliminary in nature as it includes Inferred mineral resources 
that are considered too speculative geologically to have the economic 
considerations applied to them that would enable them to be categorized as 
mineral reserves at this time, and as such there is no certainty that the 
preliminary assessment and economics set forth in the PEA will be realized. 
Mineral resources that are not mineral reserves do not have demonstrated 
economic viability. The PEA should not be considered a substitute for a 
preliminary feasibility study.

All current mineral resources on the Houndé property lie within the Kari Nord 
and Kari Sud concessions ('Initial Licenses Areas') and are subject to a 
Transfer and Claw-Back Option Agreement with African Barrick Gold plc 
("African Barrick"). If the resources on the Initial Licenses Areas, as 
determined by an independent feasibility study, are less than 3 million ounces 
then African Barrick does not have any claw-back right but retains a 2% NSR.

In addition, in order to advance the Houndé Gold Project, Endeavour started 
an infill drilling program on assuming control of the project in October 
2012. The drilling program is almost 70% complete and due to finish in early 
February 2013. The infill drilling program is designed to reclassify Inferred 
Mineral resources to Measured and Indicated classifications and results to 
date demonstrate excellent continuity of the mineralized zones.

Furthermore, Endeavour has commissioned a Feasibility Study to be delivered in 
Q4 2013 by Lycopodium, the EPCM contractor for construction of our Agbaou and 
Nzema mines. Other contributors to the Feasibility Study include Cube 
Consulting, Orelogy and Knight Piesold.

Mine-life Extensions

Ouaré - PEA Results in an Attractive Potential Addition to Extend Youga Life

Micon International Limited (Micon) was contracted to complete a PEA to 
examine production scenarios for the Ouaré deposit and concluded that 
trucking mineralized material approximately 41 km to the Youga Mine as a 
supplemental feed to existing reserves is preferable to a standalone 
operation. The PEA results are currently being reviewed by the Mining 
Department at Youga to refine potential scheduling of the Ouaré deposit into 
the overall mine plan at Youga. A mineral resource update was also completed 
by AMEC Americas Ltd. (AMEC) for use in the PEA. At a cut-off grade of 0.8 
g/t Au the Measured and Indicated mineral resource is 3.9 million tonnes at a 
grade of 1.90 g/t Au containing 239,000 ounces of gold and the Inferred 
mineral resource is 283,000 tonnes at a grade of 1.93 g/t Au containing 18,000 
ounces of gold. The potentially economic portion of the resource that is 
within a pit shell using a $1,500/oz gold price and a cut-off grade of 0.86 
g/t Au includes Measured and Indicated mineral resources of 2.9 million tonnes 
at an average grade of 1.94 g/t Au containing 183,000 ounces of gold and 
Inferred mineral resources of 211,000 tonnes at a grade of 1.76 g/t Au 
containing 12,000 ounces of gold.

The results indicate that treating the Ouaré material at Youga has the 
potential to increase the life of the Youga mine by 3 years, based on the 
current process capacity of 1 million tonnes per year.

Tables 5 and 6 in the Appendix provide details of the Ouaré Mineral Resources 
and Mineralized Resources contained in a pit shell.

Nzema Sulphides - PEA Completed, Potential to Extend Nzema Life upon Depletion 
of Oxide Reserves

The Nzema Sulphide project included a major drilling and metallurgical 
testwork program on the refractory sulphide portion of the Salman deposits. 
The program included testwork to assess the merits of producing a flotation 
concentrate to be treated subsequently by ultra-fine grinding, LeachOx, BIOX, 
or pressure oxidation. Flotation of the sulphides results in approximately 
95% recovery of the gold into concentrate at a 7% mass pull. The flotation 
concentrate would be treated by pressure oxidation, the best processing route 
which produced average oxidation/leach recoveries of 92.5% and an average 
overall recovery of 86%, which is a very good outcome for refractory material 
exceeding those typically reported in the area.

A sulphide resource estimate and preliminary economic assessment were prepared 
on the basis of this process option. The resource base used for the study is 
shown in Table 7 in the Appendix, while the potentially economic portion of 
the resource of 12 million tonnes grading 1.59 g/t Au, containing 615,600 
ounces of gold, is shown in Table 8 of the Appendix. The PEA indicates that 
additional sulphide resources need to be identified before proceeding with any 
further studies, and given the demands and potential of Endeavour's other 
development projects (Houndé, Tabakoto, Kofi), further sulphides exploration 
will be deferred.

Financing Activities

In December 2012 Endeavour took the following steps to maximize short and 
medium term exposure to the gold price:
    --  Eliminated the company's 2013 gold hedge positions, comprising
        12,132 ounces at Tabakoto and 10,000 ounces at Nzema for a cost
        of $17.3 million; as a result, 100% of Endeavour's 2013 gold
        production will be sold at spot prices.
    --  Accumulated a holding of 27,000 ozs of gold bullion ($45.2
        million at a current spot price of $1,675/oz), which partially
        offsets the remaining hedge positions in 2014 to 2016.

Endeavour also fully repaid the $28.2 million balance of the credit facility 
with Bank Atlantique Mali which had been used by Avion to advance the Tabakoto 
mill expansion in 2011.

In order to fund the gold bullion position, buy back the 2013 hedge, repay the 
Bank Atlantique Mali loan, and maintain a high level of cash liquidity, 
Endeavour drew down the available $100 million of the $200 million corporate 
debt facility during December 2012. As a result, cash and cash equivalents 
and gold bullion (at fair value) held at December 31, 2012 amounts to $151 
million.

Assuming a gold price of $1,600 per ounce, Endeavour's three mines are 
forecast to generate $230 million of cash margin during 2013 (using 
mid-guidance production volume and cash costs, and deducting royalties), which 
when combined with the cash position of $151 million, will more than fund the 
2013 planned capital and exploration spending of $227 million.

Conference Call Details

Management will host two conference calls to discuss the 2012 Production 
Results, 2013 Guidance and Houndé Gold Project PEA on January 23, 2013 and 
January 24, 2013 as detailed below. Both conference calls will include Neil 
Woodyer, Chief Executive Officer, Attie Roux, Chief Operating Officer, 
Christian Milau, Chief Financial Officer, and Don Dudek, Senior Vice President 
- Technical Services.

Analysts and interested investors are invited to participate using the dial in 
numbers below. The same dial in numbers will be used for both conference calls

International:              +1 201-689-8433

North American toll-free:   +1 877-407-0832

Australian toll-free:       0011-800-2246-2666

The conference call can also be accessed through the following link: 
http://www.endeavourmining.com/s/Webcasts.asp

To accommodate the North American/European market, the first conference call 
will be held and webcast by V-Call on Wednesday, January 23, 2013 at:

10:00 am in Vancouver 1:00 pm in Toronto and New York 6:00 pm in London 
2:00 am in Perth (Jan 24, 2013) 5:00 am in Sydney (Jan 24, 2013)

To accommodate the Australian market, the second conference call will be held 
and webcast by V-Call on Thursday, January 24, 2013 at:

7:00 am in Perth 10:00 am in Sydney
3:00 pmin Vancouver (Jan 23, 2013)
6:00 pmin Toronto and New York (Jan 23, 2013) 11:00 pm in London (Jan 23, 
2013)

The calls will be archived for later playback on Endeavour's website until 
January 24, 2014.

Qualified Persons
Adriaan "Attie" Roux, Pr. Sci.Nat, Endeavour's Chief Operating Officer, is a 
Qualified Person under NI 43-101, and has reviewed and approved the technical 
information related to mining operations in this news release.

Don Dudek, P.Geo, Senior Vice President, Technical Services of Endeavour is a 
Qualified Person within the definition of that term in NI 43-101, and has 
supervised the preparation of the technical information related to the Houndé 
Gold Project in this news release.

The excerpt on the Ouaré PEA has been reviewed by Chris Lattanzi, P.Eng., on 
behalf of Micon. The Ouaré mineral resource estimate was prepared by Rodrigo 
Marinho, P.Geo., during his employ at AMEC and the excerpt in this news 
release was reviewed by him.

The information on the Nzema Sulphides PEA has been reviewed by Stewart 
Findlay, Project Development Manager, on behalf of GR Engineering Services 
Ltd. The Nzema Sulphides mineral resource estimate information was reviewed by 
Nic Johnson, M.AIG., on behalf of MPR and the mining engineering portion of 
the resource was reviewed by Quinton de Klerk, Director - Mining Engineering, 
on behalf of Cube.

The Houndé PEA information in this news release was reviewed by Jim 
Yakasovich, P.Eng., Principal Consultant (Mining) on behalf of SRK. The 
Houndé mineral resource estimate information was reviewed by Eugene Puritch, 
P.Eng., President and Principal Engineer, on behalf of P&E.

About Endeavour Mining Corporation
Endeavour is a gold producer delivering growth. Endeavour owns three gold 
mines producing more than 300,000 ounces per year in Mali, Ghana and Burkina 
Faso that are generating significant operating cash flows to fund further 
expansion. Endeavour's gold production is forecast to be over 550,000 ounces 
per year in 2016, including the Tabakoto mill expansion in 2013, completion of 
construction of Agbaou Gold Mine in Côte d'Ivoire scheduled for Q1 2014 and a 
recently completed PEA that shows potential for 160,000 ozs per year from the 
Houndé Project in Burkina Faso in 2016.

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

On behalf of Endeavour Mining Corporation

Neil Woodyer 
Chief Executive Officer

(1) Cash Cost per Ounce produced excluding royalties is a non-GAAP financial 
performance measure with no standard meaning under IFRS
(2) Cash Cost per Ounce excluding royalties

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, 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 
forward-looking 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.

APPENDIX

Table 5 Ouaré Mineral Resource Estimate at 0.8 g/t Au Cut-Off

 ________________________________________________________________
|Category              |Tonnes (000's)|Grade (g/t Au)|Gold Ounces|
|______________________|______________|______________|___________|
|Measured              |          629 |          1.37|     28,000|
|______________________|______________|______________|___________|
|Indicated             |        3,288 |          2.00|   211,000 |
|______________________|______________|______________|___________|
|Measured and Indicated|        3,917 |         1.90 |   239,000 |
|______________________|______________|______________|___________|
|Inferred              |          283 |         1.93 |    18,000 |
|______________________|______________|______________|___________|

Notes:

  1. Mineral Resources that are not Mineral Reserves do not have


 demonstrated economic viability.
  2. Mineral Resources are defined within a Lerchs-Grossmann pit shell, 
 and reported at a 0.80 g/t Au cut-off grade.
  3. The Lerchs-Grossmann pit shell was defined using an overall pit 


     slope of 40 degrees, a commodity price of US$1,600/ oz Au, an
     average process recovery of 92%, a process cost of $21.19/t and


 selling cost of $4.60/oz of Au sold.
  4. Tonnages are rounded to the nearest 1,000 tonnes; grades are 
 rounded to two decimal places for Au; ounces are rounded to the 
 nearest 1,000 ounces.
  5. Rounding as required by reporting guidelines may result in 
 apparent summation differences between tonnes, grade and contained 
 metal.
  6. Tonnes and grade measurements are in metric units; contained gold 
 is in troy ounces. 
Table 6 Ouaré PEA Pit Constrained Portion of the Mineral Resource at 0.86 
g/t Au Cut-Off ($1,500/oz pit) 
 ________________________________________________________________
|Category              |Tonnes (000's)|Grade (g/t Au)|Gold Ounces|
|______________________|______________|______________|___________|
|Measured              |           305|          1.48|     15,000|
|______________________|______________|______________|___________|
|Indicated             |         2,609|          2.00|    168,000|
|______________________|______________|______________|___________|
|Measured and Indicated|         2,914|          1.94|    183,000|
|______________________|______________|______________|___________|
|Inferred              |           211|          1.76|     12,000|
|______________________|______________|______________|___________| 
Notes: 
1. Mineral Resources that are not Mineral Reserves do not have 
 demonstrated economic viability.
  2. Mineral Resources are defined within a Lerchs-Grossmann pit shell, 
 and reported at a 0.86 g/t Au cut-off grade.
  3. The Lerchs-Grossmann pit shell was defined using an overall pit 


     slope of 40 degrees, a commodity price of US$1,500/oz Au, an
     average process recovery of 92%, a process cost of $21.19/t and


 selling cost of $4.60/oz of Au sold.
  4. Tonnages are rounded to the nearest 1,000 tonnes; grades are 
 rounded to two decimal places for Au; ounces are rounded to the 
 nearest 1,000 ounces.
  5. Rounding as required by reporting guidelines may result in 
 apparent summation differences between tonnes, grade and contained 
 metal.
  6. Tonnes and grade measurements are in metric units; contained gold 
 is in troy ounces. 
Table 7: Nzema Sulphides Total Mineral Resource Estimate at 0.6 g/t Au
Cut-Off 
                                                               
Resource        Material     Tonnes      Grade         Gold Ounces
Category            Type     (000's)      (g/t 


                                           Au)

Measured      Oxides             314      0.94               9,500
              Upper              376      0.97              11,700
              transition
              Lower              932      1.13              33,900
              transition
              Fresh           11,852      1.39             528,100

Sub-Total                     13,474      1.35             583,200
Measured

Indicated     Oxides             195      1.03               6,500
                   Upper          88      0.98               2,800
              transition
                   Lower          97      1.02               3,200
              transition
              Fresh            6,019      1.33             258,000

Sub-Total                      6,399      1.31             270,500
Indicated

Measured      Oxides             509      0.98              16,000
&
Indicated
                   Upper         464      0.97              14,500
              transition
                   Lower       1,029      1.12              37,100
              transition
              Fresh           17,871      1.37             786,100

Sub-Total Measured and        19,873      1.34             853,700
Indicated                   
                            
                            

Inferred      Oxides             180      1.19               6,900
                   Upper          17      1.12                 600
              transition
                   Lower          23      1.27                 900
              transition
              Fresh            2,994      1.52             146,400

Sub-Total                      3,214      1.50             154,800
Inferred
                                                    

Notes (Resources):

  1. Mineral Resources that are not Mineral Reserves do not have


 demonstrated economic viability.
  2. Mineral Resources are defined within a Lerchs-Grossmann pit shell, 
 and reported at a 0.6 g/t Au cut-off grade.
  3. The Lerchs-Grossmann pit shell was defined using an overall pit 


     slope of 38 degrees, a commodity price of US$1,600 Oz Au. And
     average process   recovery of 86%, a process cost of $26.43/t and
        royalties, refinery and selling cost of $80/Oz of Au sold (5%


 of sell price)
  4. Tonnages are rounded to the nearest 1,000 tonnes; grades are 
 rounded to two decimal places for Au; ounces are rounded to the 
 nearest 1,000 ounces.
  5. Rounding as required by reporting guidelines may result in 
 apparent summation differences between tonnes, grade and contained 
 metal.
  6. Tonnes and grade measurements ate in metric units; contained gold 
 is in troy ounces. 


                                                                                

Table 8: Nzema Sulphides Pit constrained portion of the Mineral Resource ($1,350/oz
pit)
                                                                                      
                              Cut                                             
                              Off


                         Grade                                   Grade
Resource       Material      (g/t      Metallurgical      Tonnes     (g/t       Gold
Category         Type         Au)        Recovery        (000's)      Au)      Ounces 
Measured      Oxides          0.60               91%         226      0.94       6,800 


                   Upper      0.70               83%         232      1.10       8,200
              transition
                   Lower      0.80               83%         490      1.37      21,500
              transition
              Fresh           0.80               86%       7,685      1.63     402,000

Sub-Total                                                  8,633      1.58     438,500
Measured

Indicated     Oxides          0.60               91%          99      1.06       3,400
                   Upper      0.70               83%          35      1.17       1,300
              transition
                   Lower      0.80               83%          37      1.32       1,600
              transition
              Fresh           0.80               86%       2,585      1.61     133,900

Sub-Total                                                  2,756      1.58     140,200
Indicated

Measured      Oxides          0.60               91%         325      0.98      10,200
&
Indicated
                   Upper      0.70               83%         267      1.11       9,500
              transition
                   Lower      0.80               83%         527      1.36      23,100
              transition
              Fresh           0.80               86%      10,271      1.62     535,900

Sub-Total Measured and                                    11,389      1.58     578,700
Indicated                                               
                                                        
                                                        

Inferred      Oxides          0.60               91%         110      1.18       4,200
                   Upper      0.70               83%           6      1.27         300
              transition
                   Lower      0.80               83%           7      1.75         400
              transition
              Fresh           0.80               86%         520      1.92      32,000

Sub-Total                                                    644      1.78      36,900
Inferred
                                                                                

Notes (Constrained resources):

  1. Mineral Resources that are not Mineral Reserves do not have


 demonstrated economic viability.
  2. Mineral Resources are defined within a Lerchs-Grossmann pit shell, 
 and reported at a various cut-off grades, depending on recovery.
  3. The Lerchs-Grossmann pit shell was defined using an overall pit 


     slope of 38 degrees, a commodity price of US$1,350/ Oz Au. And
     average process recovery of 86%, a process cost of $26.43/t and
     royalties, refinery and selling cost of $67.5/Oz of Au sold (5% of


 sell price)
  4. Tonnages are rounded to the nearest 1,000 tonnes; grades are 
 rounded to two decimal places for Au; ounces are rounded to the 
 nearest 1,000 ounces.
  5. Rounding as required by reporting guidelines may result in 
 apparent summation differences between tonnes, grade and contained 
 metal.
  6. Tonnes and grade measurements ate in metric units; contained gold 
 is in troy ounces 
Contact: 
Marla Gale Vice President - Investor Relations +1 604 609 6117 
mgale@endeavourmining.com 
UK/Europe: Bobby Morse Buchanan +44 20 7466 5000 bobbym@buchanan.uk.com 
Australia: David Ikin Professional Public Relations +61 8 9388 0944 
david.ikin@ppr.com.au 
SOURCE: Endeavour Mining Corporation 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/22/c7572.html 
CO: Endeavour Mining Corporation
ST: British Columbia
NI: MNG FIELD EST ERN  
-0- Jan/22/2013 13:24 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.