Endomines will adapt to the current gold price by introducing Selective Mining in order to improve profitability

Endomines will adapt its mine production, by early 2016, to the prevailing and
short-term forecasted gold price development. Production in 2016 will be based
on the selective mining principle. During 2016, the Company intends to mine and
process approximately 125,000 tonnes of high-grade ore. Mining will therefore be
concentrated to earlier known as well as in 2015 discovered high-grade areas.

The reduced mine tonnage of some 125,000 tonnes will be processed in campaigns,
approximately for 7-10 days per month. The Pampalo underground mine will operate
continuously, but only during weekdays.

There will be a reduction in the workforce for both own and contractor
employees. The Company’s fully owned subsidiary Endomines Oy has today concluded
personnel co-operation negotiations. The outcome of these negotiations was that
7 officers and 28 workers are laid off temporarily. The lay-offs represents
about 50 % of the total number of own employees.

The Company expects these changes to the mining and processing schedule,
including the temporary lay-offs of personnel, to improve the profitability of
its Pampalo Gold mine operations. Cash Cost is estimated to be reduced below the
current and forecasted gold price level.

In the selective mining mode, the relatively lower grade areas will be not be
mined at this stage but rather left secured and mined when the gold price turns
upwards and the market conditions improve. The Company shares the widely held
view in the market that the primary gold production from gold mines will peak in
2016 (“Peak Gold 2016”) and start to decline thereafter. “Peak gold” during 2016
is commonly expected to result in an improved gold price for year 2017 and
beyond.

The recent underground exploration in the Pampalo mine has given exceptionally
good results. The Company has therefore decided to concentrate its exploration
activities to the same. Regional exploration activities will be temporarily
reduced and activated when conditions improve.

The Exploration Manager Jyrki Bergström has, at his own request, decided to
leave Endomines to commence working for an international mining company. The
Company will, as earlier announced, complete “the Karelian Gold Rush –
international exploration challenge” and announce the winners at the
“Prospectors and Developers Association Conference” in Toronto (PDAC 2016) early
March 2016.

“We will now concentrate our mining activities to the higher grade areas in the
Pampalo underground mine. This will improve our profitability through optimal
use of available resources until gold prices pick up again. Earlier we have been
required to seek profitability by maximizing our mine and processing tonnage.
Mining the high grade areas at this stage is the best option to secure the long
term future of the Pampalo operations”, comments Markus Ekberg, CEO 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

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 November 6, 2015.


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. The ore
from satellite mines will be processed in the centrally located mill at Pampalo.

The Company’s 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.

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