New mining permits granted at Karelian Gold Line

The Company is pleased to announce that TUKES (The Finnish Mining Authority) has
granted Endomines the first two out of five company applications for mining
permits along Karelian Gold Line within the Ilomantsi area in Finland.

The granted mining permits are for the Hosko and Muurinsuo deposits. The Hosko
and Muurinsuo permits have an area of 66 ha respectively 25 ha. The Hosko permit
area is situated 15 km north of Pampalo and Muurinsuo 15 km south of Pampalo.

In both areas, gold mineralization’s were discovered in bedrock by drilling and
further studies, including metallurgical testing, showed the presence of gold “
in such abundance and such a form that exploitation of the deposit is likely and
would be financially viable” as the Government Decree on mining activities
(2012) provides. Both of these mining permits are granted on the grounds of the
Mining Act (1965).

The Company is currently undertaking further metallurgical investigations aiming
at optimizing the financial value of the arsenopyritic gold concentrates from
Hosko and Muurinsuo.

For the remaining three applications, two have been applied for according to the
Mining Act (1965) and one, an extension to the current Pampalo mining permit,
has been applied for according to the Mining Act (2011). All of these
applications are in progress and the competent land survey office has issued
orders for proceedings establishing mining areas.

The Company currently has mining permits for Pampalo, Rämepuro, Hosko and
Muurinsuo. The mining permit applications in progress are for Kuivisto and
Kuittila and the extension for Pampalo; Pampalo NW.

"We are delighted to have been granted these mining permits in the Ilomantsi
area, which we believe to be highly productive for gold in near future.
Following the Pampalo ore we have now new possibilities for additional mill
feed”, comments Endomines CEO Markus Ekberg.

Competent Person: The technical aspects of this news release have been prepared
by MSc (geology) Jaakko Liikanen, who is acting as Competent Person with respect
to this release. Jaakko Liikanen is Chief Technical Officer of Endomines AB and
owns 1,120,892 shares (1.3%) 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

About Endomines AB
Endomines AB is a Nordic mining and exploration company with its first operating
gold mine in production since February 2011. The mine is located in Eastern
Finland, on the Karelian Gold Line, a 40 km long gold critical belt, where
Endomines controls all currently known gold deposits.

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 (public
mining & exploration companies). It 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.

The shares of Endomines AB are quoted on NASDAQ OMX Stockholm under ticker ENDO
and on NASDAQ OMX Helsinki under ticker ENDOM. Pareto Öhman acts as Liquidity
Provider in Stockholm.

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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 15:00 CET on January 28th, 2014.