Significant Expansion and New Long Gold Intersections within Endomines Korvilansuo and New Encouraging Results from Rämepuro, Eastern Finland

Endomines is pleased to announce results of the 2012 drilling campaigns at its
Korvilansuo and Rämepuro properties located at Karelian Gold Line, Eastern
Finland. Drilling campaign at Korvilansuo aimed to increase geological
understanding and increase resources of the deposit. Drillings at Korvilansuo
property has intersected gold mineralization represented by core sections from a
couple of metres up to almost 50 metres in length with encouraging results. The
drilling at Rämepuro was aiming to provide additional information from the areas
where the information was less dense. Both campaigns succeeded well in their
goals.

KORVILANSUO
Korvilansuo is located on the Karelian Gold Line, near Ilomantsi, in Eastern
Finland and the mineral rights of the property are fully owned by the Company.
Finnish authorities have within the last weeks granted new claims for the next 5
years over the whole target area.

The 2012 core drilling campaign at Korvilansuo was aimed at extending and
verifying the gold mineralization discovered during the 2011 campaign, with a
total of 3905 m of diamond drilling completed. Previously unpublished intercepts
include:

  · 49.6 m @ 2.1 g/t gold
  · 20,5 m @ 4.6 g/t gold
  · 16.9 m @ 5.3 g/t gold
  · 14.8 m @ 4.6 g/t gold
  · 12.3 m @ 1.3 g/t gold
  · 8.0 m @ 2.4 g/t gold
  · 7.0 m @ 4.1 g/t gold
  · 6.6 m @ 2.1 g/t gold
  · 6.3 m @ 3.0g/t gold
  · 6.0 m @ 1.7 g/t gold
  · 4.5 m @ 1.7 g/t gold
  · 3.3 m @ 21.3 g/t gold
  · 3.0 m @ 5.9 g/t gold
  · 3.0 m @ 3.6 g/t gold
  · 2.7 m @ 10.0 g/t gold
  · 2.0 m @ 6.8 g/t gold

“The exploration program in the Korvilansuo-Muurinsuo area is just beginning but
all of the results so far obtained support our firm conviction that this area
has all the necessary characteristics of Archean greenstone-hosted gold
provinces and real potential for growing into a significant and successful gold
project”, comments Endomines CEO Markus Ekberg.

Additional 320 more assays are still pending and should be received within the
next few weeks. Full exploration results for the Korvilansuo property are
tabulated in the appendix.

Korvilansuo, along the Karelian Gold Line in Ilomantsi, is a typical Archaean
orogenic gold occurrence, comprising subvertical lodes defined by sulphide
disseminations and auriferous tourmaline-quartz veins and breccias. The
principal host rocks at Korvilansuo are volcanogenic metasediments which are
metamorphosed and altered to chloritic and sericitic schists under transitional
greenschist-amphibolite facies conditions and intruded by quartz-feldspar
porhyric tonalite dikes. Korvilansuo lies within the N-NE trending Korvilansuo
Shear Zone, near the southern end of the Korvilansuo-Kivisuo-Elinsuo-Muurinsuo
mineralized zone, subparallel with the contact of the Kuittila tonalite
intrusion, which also host gold mineralization. Native gold is irregularly
distributed through host rock disseminations and in quartz veins as inclusions
in biotite, pyrrhotite, pyrite and arsenopyrite, as free grains up to 1 mm in
size between silicates and intergrown with bismuth, tellurides and rutile.
Several hundred assays have been additionally checked with 0.5 kg screen fire
assay or 500 g cyanide leach procedures so that nugget effects may be clearly
distinguished.

Finnish authorities have within the last two weeks granted new claims covering
the whole target area for the next 5 years. Korvilansuo and the neighboring
areas have thus been covered by recently granted, already existing claims or new
claim applications.

The drilling database will as soon as possible be sent to Outotec Oyj for
resource estimation and the resource estimate will be published in due course.

Tables included in attached PDF

For further information, please contact:
Markus Ekberg. CEO of Endomines AB
tel. +358 40 706 48 50
or visit the Company's website at
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 09:00 CET on January 21, 2013.