Pampalo Gold Mine ore reserve tonnage increased by 50% and gold content by 11 %

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

Endomines AB is pleased to release updated ore reserve estimates for its Pampalo
Gold  Mine.  The  Pampalo Gold  Mine, located  in Eastern  Finland, is currently
under  commission by  Endomines AB's  fully owned  subsidiary Endomines  Oy. The
JORC-compliant  report was prepared by Outotec Oyj, a leading global provider of
process  solutions, technologies and  services for the  mining and metallurgical
industries.

The  data includes results from the  recently completed infill drilling campaign
from the Pampalo underground mine. The key purpose of this campaign was aimed at
delineating  the intended production area for the initial three to four years of
production,  rather than  to assessing  the full  potential of  the Pampalo Gold
deposit.  Deep extensions of the Pampalo deposit  will be explored in due course
over the coming years.

 A  summary report  will be  filed on  the company's  web site before the end of
October.

The  summary table  of the  Pampalo Gold  Mine reserves (excluding resources and
reserves on the other deposits along Karelian Gold Line) as of Sept 27, 2010, is
as follows:

"We  are delighted by the  results of the recent  infill drilling campaign.  The
increase  of the mineable reserve  tonnes at Pampalo Gold  Mine by 50 % will add
almost  two years  to the  Pampalo Gold  mine production  plan.  The increase is
mainly  due to lower cut-off grade as the gold price has increased from the time
when  previous estimate was prepared. With this increase and today's strong gold
price  the Pampalo Gold Project  is even more robust  than before. The resources
and reserves of other deposits located on the Karelian Gold line are also due to
be updated in due course", comments Markus Ekberg, CEO of Endomines.

 "Pampalo  Project is on schedule  and costs are in  line with our budget. Small
overruns are due to improved quality of some critical areas", Ekberg continues.

During  spring 2010 Endomines undertook an important underground infill drilling
program  with a view to delineate its ore reserves and resources at Pampalo Gold
Mine.  In all,  43 drill holes  totaling 2727 meters  were drilled  on the known
resources and reserve area at Pampalo.

Normal  QA/QC (Quality  Assurance/Quality Control)  procedures were followed for
all  the samples.  The quality  of sample  preparation, security,  integrity and
chemical  assays was equal  to or exceeded  current industrial standards and the
requirements of JORC-code.

Figure:  Pampalo Gold  mine resources  location on  the longitudinal projection.
Green=measured,  yellow=indicated and  red=inferred resource.  Only measured and
iindicated resources were converted to mining reserve.

With the recent update the total reserve of the Karelian Gold Line has increased
to  1.9 Mt with an average gold grade  of  3.5 g/t containing 6 725 kg, 217 500
ounces gold (previous resources estimate 1.4 Mt @ 4.5 g/t; containing  6 175 kg,
198 500 ounces).

The  management of  Endomines intends  to pursue  exploration on all significant
mineralized structures to further define and increase the resources and reserves
along the Karelian Gold Line.

The  resource and  reserve estimate  was prepared  by Mr Markku Meriläinen (MSc,
Geology,  MAusIMM) and Mr Pekka Lovén,  (MSc, Mining Engineering, MAusIMM), both
Competent  Persons in  accordance with   the JORC-code,  and employed by Outotec
(Finland)  Oyj.  Meriläinen  and  Lovén  are  not  associated in any manner with
Endomines AB or any of its subsidiaries.

For further information, please contact:

Markus Ekberg

CEO of Endomines AB, tel. +358 40 706 48 50


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  and  mining
concessions  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  listed  on  First  North Premier segment in
Stockholm under the ticker ENDO.ST. Erik Penser Bankaktiebolag acts as Certified
Adviser and Liquidity Provider.

Read more about Endomines on http://www.endomines.com/



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