Endomines orders gold plant equipment and commences earthmoving works at Pampalo Mine



The press release can be downloaded from the following link:
Press Release PDF


Endomines AB is pleased to announce that it's wholly owned subsidiary
Endomines Oy has placed a significant order for gold plant  equipment
for its Pampalo Mine processing  plant. This purchase order is  based
on the terms of the Letter of Intent concluded between Metso Minerals
AB and  Endomines  in  July  2009,  and  includes  a  grinding  mill,
gravimetric  and   flotation  separation   circuits  and   dewatering
equipment. All necessary processing pumps and engineering works  were
also included to the order.

Metso Minerals AB is one  of the leading mining processing  equipment
suppliers in the world, and  its expertise in processing  technology,
combined with the know-how of  the engineering company CTS Engtec  Oy
(contracted earlier this year), provides Endomines with the  required
equipment and resources for  the successful establishment of  Pampalo
Mine processing plant.

Endomines Oy  has  also  signed  a  project  control  and  management
agreement with  Ahma  Insinöörit  Oy  from  Finland.  This  agreement
includes project management  and supervision of  all earthmoving  and
processing plant construction  as well as  equipment installation  in
accordance with the schedule prepared by Endomines.

Ahma Insinöörit Oy  is the  largest independent  project control  and
management engineering company in Finland, and has specialised in the
execution of  challenging infrastructure  and mining  projects.  Ahma
Insinöörit  Oy  latest  mining  projects  include  the  Kittilä   and
Talvivaara mines.  Ahma-Insinöörit employs  140  persons and  has  an
annual turnover of 10M€.

Endomines has also  signed a contract  with Kesälahden Maansiirto  Oy
for the  tailings storage  facility and  processing plant  foundation
earthworks. Works will commence immediately on Thursday 22nd October.
Kesälahden  Maansiirto  Oy   is  one  of   the  leading   earthmoving
contractors in  Finland and  has  an annual  turnover  of 50  M€  and
employs 130 persons.

"I am pleased that we have now concluded our equipment orders and can
start the required  earthworks during  the autumn  period. This  will
enable the start of commercial production at the Pampalo Mine  during
next year as planned." says Markus Ekberg, CEO of Endomines.

For further information, please contact:

Markus Ekberg, CEO, +358 40 706 4850


Endomines  AB  (publ)  explores  and  develops  mineral  deposits  in
Finland. The Company owns mining concessions and claims over all  the
known gold  deposits  along the  Karelian  Gold Line,  including  the
Pampalo Mine  where the  Company aims  to start  mining in  2010.  In
addition, Endomines has claims for gold deposits in Finnish  Lapland.
Besides gold, and  through its  subsidiary Kalvinit  Oy, the  Company
plans to develop its deposits  of the industrial mineral ilmenite  in
Central Ostrobothnia.

Endomines applies SveMin's and  FinnMin's common reporting rules  for
public  mining  and  exploration  companies.  Endomines  reports  its
mineral resources according to  the internationally accepted JORC  or
NI-43-101 code. Endomines  applies International Financial  Reporting
Standards (IFRS)  for  its accounting  principles.  The use  of  IFRS
allows for comparison  of the  Company with  foreign exploration  and
mining companies.

The shares of Endomines AB are quoted on First North Premier  segment
in Stockholm under ticker ENDO.   Erik Penser Bankaktiebolag acts  as
Certified Adviser and Liquidity Provider.

Read more about Endomines on www.endomines.com

Pièces jointes

Press Release PDF.pdf
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