Endomines Ore Reserve and Resource Estimate update

Endomines is making a public announcement of its updated ore reserves and
mineral resources estimates. The estimates have been prepared according to the
2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves
(Joint Ore Reserve Committee - JORC-code).

Various authors (Geoconsulting Parkkinen Oy, Endomines –in house and others)
have prepared the updates. The update represents the production situation as at
31st December 2014.

The results are as follows:

For tables and detailed results the enclosed pdf-document and Endomines website.

Summary reports of the estimates will be made available on the company's web
site in due course.


As the Pampalo mine has progressively been deepened, the conditions for the
production at Pampalo mine have become more challenging. Previously interpreted
larger ore lenses have been observed to be broken up into smaller lenses.

The company commenced infill drilling at its Hosko deposit in late 2014
immediately once financing was secured. The recent drilling has not been able to
confirm the extent of the previously identified high grade part of the deposit.
The recent drilling has also delineated grade distribution within the deposit
more closely. As earlier announced the Hosko mineral resources and ore reserves
have decreased materially.

“Early 2014 we made a decision to reduce our exploration spending and implement
other cost-reduction measures. The total ore reserves have thus been reduced
during 2014 and we face a challenge to increase our reserve and resource base“,
comments Markus Ekberg, CEO of Endomines.

This statement has been controlled by Eurogeologist, MSc (Geol) Markus Ekberg
acting as a Qualified Person in compliance with Fennoscandian Review Board
-standards. Markus Ekberg is employed by Endomines as Chief Executive Officer
and owns 180 000 shares in Endomines.

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

or visit the Company´s website 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
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 both Stockholm
and Helsinki is Erik Penser Bankaktiebolag.

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 March 13, 2015.