Final delivery of processing equipment to the Pampalo Gold Mine site - works progressing on the schedule

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

Endomines  AB's wholly  owned subsidiary,  Endomines Oy,  has received the final
batch  of processing  equipment, delivered  by Metso  Minerals (Sala)  AB to the
Pampalo Gold Mine site. The final delivery comprised of grinding mill heads.

"I'm  very pleased  with this  final delivery  of processing  plant equipment on
time.  We have now received all the  equipment for the Pampalo project according
to  the project schedule. Installation of the grinding mill will commence in the
next  few  days.  The  crusher  plant  installation  is  also now well underway.
Electrical and automation works are also progressing efficiently, which makes us
confident that we can commence test-production during the last quarter of 2010,
as  outlined in Endomines' rights issue prospectus which was published in autumn
2009", comments Markus Ekberg, CEO of Endomines AB.

"Project  costs  are  in  line  with  our  budget  and small overruns are due to
improved   quality   of   some   critical   areas  and  within  our  contingency
calculations", Ekberg continues.

The  new power line construction is also  progressing well and is expected to be
commissioned slightly ahead of schedule.

For further information, please contact:

Markus Ekberg
CEO, Endomines AB
tel. +358-40-706 48 50

During  2009-2010 Endomines  has  taken  several  important steps to develop the
business from exploration to full-scale gold production. By the end of 2010, the
company  will commence  production at  the Pampalo  Gold Mine,  with a projected
output of 900-1.000 kg of gold per annum. Other deposits along the Karelian Gold
Line  will be exploited subsequently. Endomines has additional claims in Finnish
Lappland     (gold,     Ostrobothnia    (ilmenite)    and    Southern    Finland
(limestone/wollastonite).

Endomines  applies SveMin's &  FinnMin's respective rules  for reporting (public
mining  &  exploration  companies).  Endomines  has  chosen  to  report  mineral
resources  and  ore  reserves  according  to  JORC  or  NI 43-101-code which are
internationally  accepted. Endomines  applies International  Financial Reporting
Standards (IFRS) as approved by the European Union.

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

Read more about Endomines on www.endomines.com



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