Dragon Mining terminates the agreement with Endomines

Endomines has been informed that Dragon terminates the existing agreement on
processing flotation concentrate from Pampalo at the Dragon Mining Svartliden
leaching plant. According to Dragon Mining the Svartliden Operations has
experienced elevated levels of copper in the discharge water. The copper levels
are low but still at a level that the water must be cleaned in order to apply
with the Svartliden Environmental Permit. The cost of cleaning the water is
deemed to be significant by Dragon Mining management.

Endomines will immediately commence discussions with other customers for the
flotation concentrate.

“The elevated levels of copper in our concentrate may partly be related to
mining from the new mineralizations. The decision made by Dragon Mining is ill
-timed as we have lately been processing ore from relatively high-grade areas in
our processing plant. We presume, however, that Dragon Mining will comply with
all termination clauses in our Agreement, to allow us adequate time to reach an
agreement with other customers” comments Markus Ekberg, CEO of Endomines.

For further information please contact:
Markus Ekberg, CEO of Endomines AB, phone +358-40-706 48 50 or visit
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 May 26, 2016.


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.