Subscription of shares in Endomines AB (publ) with the exercise of warrants

The subscription of new shares in Endomines with the exercise of warrants TO
2014/2016, according to the prospectus dated November 6, 2014, will be possible
from February 16 – 27, 2015. This will be followed by seven periods (May 18-29,
2015; August 18-31, 2015; November 17-30, 2015; February 16-29, 2016; May 18-31,
2016; August 18-31, 2016 and November 28 – December 9, 2016) with the same
opportunity to subscribe for new shares with the exercise of warrants.

The terms of the warrants

  · Four (4) warrants entitle the holder to subscribe for one (1) new shares in
Endomines.
  · The subscription price is EUR 0.12 per share (for warrant registered in
Finland and traded on Nasdaq Helsinki). The price in Euros is based on the fixed
subscription price in Swedish kronor of SEK 1.10 per one new share. The EUR/SEK
exchange rate is based on Sveriges Riksbank’s EUR/SEK exchange rate three
trading days before the beginning of every subscription period.
  · The present subscription period is February 16 – 27, 2015.

The trading in warrants on NASDAQ expires on December 7, 2016. Assuming full
exercise of all warrants, Endomines will receive approximately SEK 48 million.

Instructions
Directly registered holders of warrants (only in Sweden) are asked to fill in an
application form, which can be downloaded on Endomines’ website,
www.endomines.com. Subscription takes place simultaneously with payment as
instructed on the application form. Nominee registered warrant holders (in
Sweden and Finland) are requested to contact their nominee for instructions
regarding subscription and payment.

More information on subscription with warrants is available in the prospectus
for the rights issue that was published on November 6, 2014.

For further information, please contact:
Börje Lindén, CFO of Endomines AB, phone. +46 8 611 66 45 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
deposits will be treated in the centrally located processing plant 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.

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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 13, 2015.