Endomines AB completes acquisition of 292 hectares land at Pampalo mining concession

The press release can be downloaded from the following link:
Press Release PDF

Endomines AB is pleased to announce that its wholly owned subsidiary
Endomines Oy has acquired 292 hectares of the Pampalo mining
concession area, which totals 296 hectares. The land was purchased
from the state forestry organisation Metsähallitus. The small
remaining land area outside the mining concession is held by private
landowners, and  does not have any impact on the planned development
 of the Pampalo underground mine and processing plant.

The Pampalo mining concession is valid as are all other relevant
permits, including environmental permit. Construction of the mine and
plant is due to start after project financing has been completed and
Board approval received.

"This recent land acquisition is a major milestone for the company"
comments Markus Ekberg, CEO of Endomines AB. "We have now secured the
land required for the Pampalo project and all permits are in place,
which allows for the Pampalo-project to be developed up to commercial
production ".

For further information, please contact

Markus Ekberg, CEO, +358 40 706 4850


Endomines AB (publ) explores and develops mineral deposits in
Finland. The Company owns mining concessions and claims over all the
known gold deposits along the Karelian Gold Line, including the
Pampalo mine where the Company aims to start mining in 2010. In
addition, Endomines has claims for gold deposits in Finnish Lapland.
Besides gold, and through its subsidiary Kalvinit Oy, the Company
plans to develop its deposits of the industrial mineral ilmenite in
Central Ostrobothnia.

Endomines applies SveMin's and FAERI's common reporting rules for
public mining and exploration companies. Endomines report its mineral
resources according to the internationally accepted JORC or NI-43-101
code. Endomines applies International Financial Reporting Standards
(IFRS) for its accounting principles. The use of IFRS allows for
comparison of the Company with foreign exploration and mining
companies.

The shares of Endomines AB are quoted on First North Premier segment
in Stockholm under ticker ENDO. Erik Penser Bankaktiebolag acts as
Certified Adviser and Liquidity Guarantor.

Read more about Endomines's press releases on
http://www.endomines.com/news.php