Endomines gold production Q4 2014

Endomines AB reports on fourth quarter 2014 production results for its Pampalo
Operations in Eastern Finland. The operation produced 179.3 kg (5,764 oz.) of
gold during the fourth quarter 2014. Full-year gold production was 761.9 kg
(24,497 oz.).

Pampalo key Production Results by quarter[1] :

+--------------+-------+-------+------+------+---------+---------+---------+
|              |  2 014|  2 014| 2 014| 2 014|    2 014|    2 013|  Change |
+--------------+-------+-------+------+------+---------+---------+---------+
|              |     Q1|     Q2|    Q3|    Q4|Full-year|Full-year|2014/2013|
+--------------+-------+-------+------+------+---------+---------+---------+
|Milled ore    |107,866|104,688|95,583|87,205|  395,342|  329,583|   65,759|
|(tonnes)      |       |       |      |      |         |         |         |
+--------------+-------+-------+------+------+---------+---------+---------+
|Head grade (Au|    2.0|    2.3|   2.7|   2.4|      2.3|      2.8|     -0.5|
|gram/tonne)   |       |       |      |      |         |         |         |
+--------------+-------+-------+------+------+---------+---------+---------+
|Gold recovery |   81.6|   80.3|  81.6|  82.9|     82.1|     85.1|     -3.0|
|(%)           |       |       |      |      |         |         |         |
+--------------+-------+-------+------+------+---------+---------+---------+
|Hourly        |   94.6|   95.7|  93.7|  89.8|     93.4|     90.4|      3.0|
|utilization   |       |       |      |      |         |         |         |
|(%)           |       |       |      |      |         |         |         |
+--------------+-------+-------+------+------+---------+---------+---------+
|Gold          |  176.0|  195.7| 210.9| 179.3|    761.9|    790.0|    -28.1|
|production    |       |       |      |      |         |         |         |
|(kg)          |       |       |      |      |         |         |         |
+--------------+-------+-------+------+------+---------+---------+---------+
|Gold          |  5,659|  6,292| 6,781| 5,765|   24,497|   25,399|     -902|
|production    |       |       |      |      |         |         |         |
|(oz.)         |       |       |      |      |         |         |         |
+--------------+-------+-------+------+------+---------+---------+---------+
|LTIFR[2] (12  |     11|     16|    23|    24|       24|        8|         |
|months        |       |       |      |      |         |         |         |
|rolling)      |       |       |      |      |         |         |         |
+--------------+-------+-------+------+------+---------+---------+---------+

Reduced development drifting due to a cost saving campaign during the summer
period impacted negatively on underground stoping and flexibility, especially
during the months of November and December. The hourly utilization was also
adverse impacted due to shortage of ore as well as technical disturbances in the
processing plant.

The production for the full year was 761.9 kg gold in 2014 as compared to 790.0
kg in 2013.

The financial results for the full year 2014 will be published on Monday
February 9, 2015 at 08:45 CET.

For further information, please contact:
Markus Ekberg
CEO of Endomines AB
tel. +358 40 706 48 50

Or visit the Company´s home page: www.endomines.com

About Endomines
Endomines conducts exploration and mining business along the 40 kilometer long
Karelian Gold Line. Through various regulatory approvals, Endomines controls the
exploration rights to this entire area.

The Company’s first mine, Pampalo, started in February 2011. During 2014
Endomines initiated the production of ore from the mine in Rämepuro and is now
planning to start mining of the gold deposit in Hosko. The ore from Hosko will,
as for the ore from Rämepuro, be processed in the Gold Line’s centrally located
mill at Pampalo.

The Company’s business practices and mining operations are based on sustainable
principles and on minimizing the impact on the environment.

Endomines applies SveMin's & FinnMin's respective rules for reporting for 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.

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 08:45 CET on January 8, 2015.

----------------------------------------------------------------------

[1] Production figures for the current quarter are partly based on company own
assaying and not confirmed by any external laboratory. Figures are individually
rounded off.

[2] LTIFR = The Lost Time Injury Frequency Rate is based on reported lost time
injuries on a rolling 12-month bases resulting in one day/shift or more off work
per 1,000,000 hours worked. LTIFR has been calculated for the whole company
including contractors