Endeavour Silver Sets New Production Record in Second Quarter, 2013; Produces 1,535,873 oz Silver (Up 48%) and 19,914 oz Gold

Endeavour Silver Sets New Production Record in Second Quarter, 2013; Produces 
1,535,873 oz Silver (Up 48%) and 19,914 oz Gold (Up 159%) 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/10/13 -- Endeavour
Silver Corp. (TSX:EDR)(NYSE:EXK) announced today that it set new
records for quarterly silver and gold production in the Second
Quarter, 2013 from the Company's three operating silver mines in
Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El
Cubo Mines in Guanajuato State.  
Silver production in the Second Quarter, 2013 was up 48% to 1,535,873
ounces (oz) and gold production was up 159% to 19,914 oz compared to
the Second Quarter, 2012. Revenues were up 57% to US$63.5 million in
Q2, 2013 as a result of the increased metal production, offset
partially by lower metal prices. 
Production Highlights for Second Quarter, 2013 (Compared to Second
Quarter, 2012) 

--  Silver production increased 48% to 1,535,873 oz 
--  Gold production jumped 159% to 19,914 oz 
--  Silver and equivalents production escalated 76% to 2.61 million oz (at a
    60:1 silver: gold ratio) 
--  Revenues rose 57% to $63.5 million on 1,787,571 silver oz sold and
    25,477 gold oz sold 
--  Realized silver price fell 35% to $19.08 per oz sold(2) 
--  Realized gold price fell 28% to $1,151 per oz sold(2) 
--  Bullion inventory at quarter-end included 214,068 oz silver and 522 oz
--  Concentrate inventory at quarter-end included 41,192 oz silver and 798
    oz gold 
--  Reduced costs company-wide in response to the sharply lower metal prices
--  Expanded production at Bolanitos to boost cash flow and offset lower
    metal prices 
--  Re-commissioned the newly rebuilt plant and infrastructure at El Cubo on
    time and budget 
--  Bolanitos placed 2nd, El Cubo 6th of 15 teams in regional underground
    mine safety competition 

At Bolanitos, production averaged 2,225 tonnes per day (tpd) in Q2,
2013, well above the mine plan, thanks to the continued availability
of the leased Las Torres plant near El Cubo. The Bolanitos plant
operated at its 1,600 tpd capacity and the extra tonnes were
processed at Las Torres. Ore grades were also significantly above
plan, as mining is now accessing better than planned reserve grades. 
The Company previously announced the return of the leased Las Torres
plant on June 10 but Fresnillo plc was not ready to take it back so
Endeavour continued to use these facilities to process El Cubo and
Bolanitos ores in Q2, 2013. The return of the Las Torres assets is
now expected to occur this month, at which time mine production at
Bolanitos will pull back to the 1,900 tpd range. 
At El Cubo, production averaged 987 tpd, better than planned because
the actual 8% plant down time during the plant re-construction period
was less than the scheduled 15% production shortfall. Grades were a
bit below plan as the Company focused more on mine development during
the Second Quarter 2013. Recoveries appear low because the El Cubo
plant was emptied during the re-building period and the reloading of
the plant results in approximately 73,000 oz silver and 1,460 oz gold
production held in circuit that was processed into bullion after the
end of the quarter. 
At Guanacevi, production averaged 1,107 tpd, 8% below plan due to
unscheduled repair and maintenance issues at the plant. Those issues
should be fully resolved in July. Ore grades were better than planned
as the higher grade production from Porvenir Cuatro continues to
climb but recoveries were below plan due to weaker recoveries from
the deeper Porvenir Norte ores. 
Bradford Cooke, CEO and Director, commented, "Endeavour's mining
operations continued to beat expectations in Q2, 2013 thanks to the
out-performance of the Bolanitos mine, which peaked at 3,000 tonnes
per day (tpd) thanks to continued access to the leased Las Torres
plant. Our consolidated throughput and ore grades both increased
during the quarter, offset partially by lower metal recoveries." 
"I would like to congratulate our operations team for finding a way
to boost short term production at Bolanitos and for completing the El
Cubo plant and infrastructure reconstruction on time and budget. To
accomplish this in just seven months is a remarkable achievement for
the Company. Now we can focus on speeding up the operational
turn-around at El Cubo, given the sharply lower metal prices." 
Endeavour's capital, exploration, operating and administrative cost
reductions included work force reductions which resulted in one time
severance costs during the Second Quarter 2013. As well, our
re-construction of the El Cubo plant and surface infrastructure
resulted in some scheduled plant down time and forecasted lost
production. Combined with the lower value of the gold byproduct
credit, these factors will likely push our cash cost of production
higher in Q2, 2013. However, the cost reductions should benefit both
cash and all-in operating costs starting in Q3, 2013. 
Management is now conducting a second review of company-wide costs to
see what expenditures can be reduced further in response to the
latest drop in metal prices. In addition to reducing our costs per
tonne, we are also evaluating our revenues per tonne. One of the
benefits of our high grade, underground mines in general is that they
have each produced higher ore grades at higher cut-off grades in the
past. We are currently re-doing our mine plan for El Cubo in
particular to try and raise the cut-off and ore grades faster than
scheduled in the original two year turn-around plan. 
At the Mexico central zone regional underground mine rescue
competition held recently in Zacatecas, Endeavour mine rescue teams
continued to perform well, with Bolanitos placing second and El Cubo
placing sixth out of 15 mine rescue teams in the competition. Safety
continues to be a top priority at each of Endeavour's mining and
exploration sites. 
Production Tables for Second Quarter, 2013 

 Three Months Ended June 30  Q2 2013 Highlights   Six Months Ended June 30  
                      %                                               %     
2013       2012       Change                    2013       2012       Change
393,070    202,988    94%    (tonnes)           769,414    396,746    94%   
1,535,873  1,040,026  48%    Silver ounces      3,025,590  2,112,517  43%   
19,914     7,695      159%   Gold ounces        34,946     14,016     149%  
                             Payable silver                                 
1,479,828  1,029,626  44%    ounces             2,939,533  2,091,392  41%   
                             Payable gold                                   
18,843     7,618      147%   ounces             33,552     13,876     142%  
                             Silver equivalent                              
2,610,408  1,486,706  76%    ounces(1)          4,960,534  2,923,952  70%   
                             Revenues ($                                    
63.5       40.5       57%    millions)          133.3      89.5       49%   
1,787,571  1,075,000  66%    Silver ounces sold 3,302,648  2,175,000  52%   
25,477     5,650      351%   Gold ounces sold   41,201     13,146     213%  
                             Realized silver                                
19.08(2)   29.21      (35%)  price per ounce    23.81(2)   31.18      (24%) 
                             Realized gold                                  
1,151(2)   1,599      (28%)  price per ounce    1,328(2)   1,648      (19%) 
1.  Silver equivalent ounces calculated using 60:1 ratio 
2.  Revenue from the sale of concentrates is subject to adjustments upon
    final settlement. Concentrate sales are subject to mark to market
    accounting treatments resulting in quarterly closing prices used for a
    significant portion of metal sales. Furthermore, reported revenue and
    realized prices include adjustments to prior quarter sales on final

                                 Grade  Grade   Rec-   Rec-                 
Production      Tonnes   Tonnes     Ag     Au  overy  overy    Silver   Gold
by mine       Produced  per day gpt(3) gpt(1)   Ag %   Au %        Oz     Oz
Guanacevi      100,781    1,107    240   0.68   71.3   72.6   555,036  1,590
Bolanitos      202,472 2,225(2)    160   2.84   77.8   85.2   810,414 15,751
El Cubo         89,817      987     93   1.41   63.5   63.2   170,423  2,574
Consolidated   393,070    4,319    165   1.96   73.6   80.4 1,535,396 22,212
1.  gpt = grams per tonnes 
2.  Includes 61,701 tonnes (678 tpd) processed at Las Torres facility 

Conference Call  
A telephone conference call to discuss the Second Quarter 2013
operating results will be held at 10 am PDT (1 pm EDT) on Thursday,
July 11, 2013. To participate in the conference call, please dial the

--  1-800-319-4610 Canada and USA (Toll-free) 
--  604-638-5340 Vancouver Dial In 
--  1-604-638-5340 Outside of Canada & USA 
--  No pass-code is necessary to participate in the conference call 

A replay of the conference call will be available by dialing
1-800-319-6413 in Canada & USA (Toll-free) or 1-604-638-9010 outside
of Canada & USA. The required pass-code is 4890 followed by the #
About Endeavour Silver - Endeavour is a mid-tier silver mining
company focused on growing its profits, production, reserves and
resources in Mexico. Since start-up in 2004, Endeavour has posted
eight consecutive years of accretive growth of its silver mining
operations. The organic expansion programs now underway at
Endeavour's three silver-gold mines in Mexico combined with its
strategic acquisition and exploration programs should facilitate
Endeavour's goal to become a premier senior silver producer.  
Cautionary Note Regarding Forward-Looking Statements 
This news release contains "forward-looking statements" within the
meaning of the United States private securities litigation reform act
of 1995 and "forward-looking information" within the meaning of
applicable Canadian securities legislation. Such forward-looking
statements and information herein include but are not limited to
statements regarding Endeavour's anticipated performance in 2013 and
the timing and results of exploration drill programs. The Company
does not intend to, and does not assume any obligation to update such
forward-looking statements or information, other than as required by
applicable law. 
Forward-looking statements or information involve known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Endeavour
and its operations to be materially different from those expressed or
implied by such statements. Such factors include, among others,
changes in national and local governments, legislation, taxation,
controls, regulations and political or economic developments in
Canada and Mexico; operating or technical difficulties in mineral
exploration, development and mining activities; risks and hazards of
mineral exploration, development and mining; the speculative nature
of mineral exploration and development, risks in obtaining necessary
licenses and permits, and challenges to the Company's title to
properties; as well as those factors described in the section "risk
factors" contained in the Company's most recent form 40F/Annual
Information Form filed with the S.E.C. and Canadian securities
regulatory authorities. 
Forward-looking statements are based on assumptions management
believes to be reasonable, including but not limited to: the
continued operation of the Company's mining operations, no material
adverse change in the market price of commodities, mining operations
will operate and the mining products will be completed in accordance
with management's expectations and achieve their stated production
outcomes, and such other assumptions and factors as set out herein.
Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained
in forward-looking statements or information, there may be other
factors that cause results to be materially different from those
anticipated, described, estimated, assessed or intended. There can be
no assurance that any forward-looking statements or information will
prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements or information.
Accordingly, readers should not place undue reliance on
forward-looking statements or information.
Endeavour Silver Corp.
Meghan Brown
Director Investor Relations
(604) 685-9775 or Toll free: (877) 685-9775
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