Recent drilling results from Hosko deposit postpones the decision to start mining


Endomines AB informs that it expects the planned production start-up of Hosko to
be postponed to beyond 2015. Based on the current drilling results it is assumed
that there will be a reduction in the mineral resources and reserves of Hosko.

Subsequent to the equity financing being secured, the Company commenced infill
drilling at its Hosko deposit in late 2014. The recent drilling has, however,
not been able to confirm the extent of the previously estimated high grade part
of the deposit. The Company has therefore removed Hosko deposit as an open pit
operation from the 2015 production plan. Endomines is now evaluating the
viability of the deposit with an underground approach.

The Company will continue with geological investigations at the Hosko deposit
and will report further development in due course.

Due to this alteration to the production plan the Company informs that the
production guidance for 2015 is between 700 to 800 kg of gold.

Qualified Person, “QP”: The technical aspects of this news release has been
prepared by MSc (geology) Markus Ekberg, who is acting as QP with respect to
this release. Markus Ekberg is the CEO of Endomines AB and owns 180,000 shares
(0.07%) of the Company.

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 AB
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
planning to start mining of the gold deposit in Hosko. The ore from satellite
mines will be processed in the 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. The Liquidity Provider in Stockholm is
Pareto Securities and Erik Penser Bankaktiebolag in Helsinki.

This news release may contain forward-looking statements, which address future
events and conditions, which are subject to various risks and uncertainties. The
Company's actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements as a result
of numerous factors, some of which may be beyond the Company's control. These
factors include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological data,
the uncertainties of resource and reserve estimations, receipt and security of
mineral property titles; project cost overruns or unanticipated costs and
expenses, fluctuations in metal prices; currency fluctuations; and general
market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made. The assumptions used
in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.

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 February 6, 2015.

Attachments

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