Endomines AB publishes prospectus for the rights issue

This press release may not be released, published or distributed, directly or
indirectly, in or into the United States, Australia, Hong Kong, Japan,
Singapore, South Africa or New Zealand.
The Board of Directors of Endomines AB (publ) ("Endomines" or the "Company") has
prepared a prospectus regarding the rights issue of units, which today has been
approved and registered by the SFSA. The prospectus has also been passported to
Finland.

The prospectus is available on the Company’s website, www.endomines.se. The
printed prospectus will during the subscription period be obtainable, free of
charge, from Endomines, phone +46 (0) 8 611 66 45, e-mail: info@endomines.com.
Questions regarding the subscription and payment in Sweden are answered by the
issuing agent Erik Penser Bankaktiebolag AB, phone +46 (0) 8 463 80 00.
Questions regarding the subscription and payment in Finland are answered by the
issuing agent FIM Bank Ltd, phone +358 (0) 9 6134 6250.

The Company will distribute an information folder to all shareholders with
further instructions for subscription of units in Sweden (in Swedish) and
Finland (in Finnish).

The rights issue in brief

  · The shareholders of Endomines have preferential right to subscribe for one
unit for each existing share. One unit consists of two shares and two warrants.
  · The subscription price in Sweden is SEK 1.10 per unit, equivalent to SEK
0.55 per share. The subscription price in Finland is EUR 0.12 per unit,
equivalent to EUR 0.06 per share. The warrants are received without
consideration.
  · Endomines is initially supplied a maximum of approximately MSEK 96.1 before
transaction costs, upon full subscription of the rights issue and, not later
than December 2016, an additional maximum of approximately MSEK 48.1 upon full
exercise of the warrants when subscribing for shares.
  · The record date for participating in the rights issue will be November 6,
2014.
  · The subscription period for the rights issue will be November 12 until
November 28, 2014.
  · Trading in subscription rights on Nasdaq Stockholm and Nasdaq Helsinki takes
place during the period November 12 until November 24, 2014.

For further information, please contact:
Markus Ekberg
CEO Endomines
Phone +358-40-706 48 50

or visit: www.endomines.com

Endomines AB discloses the information provided herein pursuant to the Swedish
Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The
information was submitted for publication at 12:30 CET on November 6, 2014.

About Endomines AB
Endomines is conducting exploration as well as mining activities along the
40 kilometer extended Karelian Gold Line. Endomines is controlling, based on
decisions from relevant authorities, the exploration rights for the entire area.

The Company´s first mine, Pampalo, was started in February 2011. During 2014
production from the open pit at Rämepuro was commenced and the Company is now
planning to start mining of the gold deposit at Hosko. The ore from Hosko, as
for Rämepuro ore, will be processed at Pampalo mill, at the center of the
Karelian Gold Line.

The Company operates under a regime of sustainable principles and with a
business practice to minimize the impact to the environment.

Endomines applies SveMin's & FinnMin's respective rules for reporting (public
mining & exploration companies). The Company has chosen to report mineral
resources and ore reserves according to the JORC-code, which is the
internationally accepted Australasian code for reporting ore reserves and
mineral resources.

Endomines vision is to participate in the future structural transformation and
consolidation of the Nordic mining industry. The Company may therefore be
involved in acquisitions of interesting deposits or companies, should such
opportunities arise.

The shares of Endomines AB are quoted on NASDAQ Stockholm under ticker ENDO and
on NASDAQ Helsinki under ticker ENDOM. Pareto Securities acts as Liquidity
Provider in Stockholm.

Important information
Publication or distribution of this press release in certain jurisdictions may
be restricted by law and persons in those jurisdictions where this press release
is published or distributed should inform themselves about and observe such
restrictions.

This press release may not be released, published or distributed, directly or
indirectly, in or into the United States, Australia, Hong Kong, Japan,
Singapore, South Africa or New Zealand or any other country where such action is
wholly or partially subject to legal restrictions. The information in this press
release may not be forwarded, reproduced or disclosed in ways that conflict with
such restrictions. Omission to follow this instruction may result in violation
of the United States Securities Act of 1933 ("Securities Act"), as amended, or
applicable laws of other jurisdictions.

This press release does not constitute an invitation or offer to acquire,
subscribe for or otherwise trade in unit rights, interim shares, interim units,
new shares or warrants in Endomines AB (publ). An invitation for interested
persons to subscribe for Units in Endomines AB (publ) will only be made through
the prospectus that Endomines AB (publ) publish on November 6, 2014. Neither the
unit rights, paid subscribed shares, interim units, new shares or warrants will
be registered under the Securities Act, or under the securities laws of any
state of the United States or any province in Canada and may not be offered or
sold in the United States or Canada or to a resident there or on behalf of such
persons other than in such exceptional cases that do not require registration
under the Securities Act or any provincial act in Canada.

In case of differences between the Swedish and English language versions of this
press release, the Swedish language version shall prevail.