Mr. Neil Woodyer of Endeavour reports

ENDEAVOUR MINING FILES EARLY WARNING REPORT RELATED TO SHAREHOLDING IN SAVARY GOLD

Endeavour Mining Corp. has filed an early warning report, as required by National Instrument 62-103, in relation to its shareholding in Savary Gold Corp.

The early warning report was filed following the issuance to Endeavour of 13,338,729 common shares in the capital of Savary, representing 19.99 per cent of Savary's issued and outstanding common shares, pursuant to the terms of a property option agreement dated May 17, 2012, between the parties. The shares are held in escrow pending the formal transfer of certain mineral permits in Burkina Faso. Savary's closing price on the TSX Venture Exchange on the date of issuance was two cents per share. Endeavour did not hold any securities of Savary prior to this acquisition.

Endeavour's acquisition of these securities is for investment purposes, and it has no present intention of acquiring further securities of Savary, although it may in the future acquire or dispose of securities of Savary, through the market, privately or otherwise, as circumstances or market conditions warrant. The securities were acquired in reliance upon the accredited investor exemption of National Instrument 45-106, prospectus and registration exemptions. A copy of the full report required to be filed under securities legislation in respect of this acquisition of securities has been filed on SEDAR.

We seek Safe Harbor.