Continued approval on loan covenant breaches received from Nordea Bank

In a press release issued on December 21, 2015 Endomines announced the start of
Selective Mining and that the Company would report breaches on the financial
loan covenants for the full year 2015. Of the same reason financial covenant
breaches will be reported as of June 30, 2016. As before Nordea Bank Finland has
today issued a waiver regarding the breaches as of June 30, 2016. Finnvera as
guarantor has given its consent to this waiver. Other terms and conditions in
the loan agreement remain thereby unchanged. Total bank loans as of today amount
to about 68.5 MSEK (7,290 KEUR) and agreed amortizations will start in 2018.

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 12:30 CEST on June 28, 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. 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.