Endomines reports further high grade intersections from Pampalo Deeps exploration project and updated Mineral Reserves and Resources

Endomines has, since the last update on October 27th 2015, carried out further
diamond core drilling at its properties along the Karelian Gold Line, near
Ilomantsi, in Eastern Finland.

Endomines is pleased to report further high grade results from the ongoing
exploration campaign at Pampalo Deeps. Drilling results included very
encouraging intersections from, amongst others, the drill hole T-1010 which
intersected 5 meters at 6.1 g/t gold, T-1025 which intersected 10 meters at 6.4
g/t gold and T-1050 which intersected 5 meters at 4.7 g/t gold.

In total 13 new underground drill holes (1,312m) have, between October 21st and
December 1st, been drilled to the Pampalo Deeps extension area. The drilling
project was temporarily paused on December 1st due to development drifting in
the area, it will however be reactivated again prior to year-end.

Since the last exploration reporting date October 27th, the company has received
assay results from 22 underground drill holes. 15 of these drill holes have
returned high grade (grade x length > 8 gram meters) intersections. All drill
core results received from Pampalo Deep extension exploration project by 21st
October are published in Table 1 of the attached complete report as well as on
the Company´s website

All intersections are reported as downhole length. Results are partially derived
from drill holes drilled prior to October 27th.

Holes with grades below 8 gram meters are located in what is referred to as,
from a financial perspective, barren areas in between the currently interpreted
gold lodes.

The Company has engaged SRK Consulting (Finland) Oy to prepare an independent
resource estimate for the Pampalo Deeps exploration area. The estimate has been
completed and the current combined resource (indicated and inferred) for the
area is 191 000 tonnes @ 4.1 g/t. For tables and detailed results see the
enclosed pdf-document and Endomines
website (http://www.endomines.com/index.php/deposit#deposit).

“These late drilling and resources estimate results confirm our view that we
have discovered a new, high grade area within the Pampalo Deeps exploration
project. The resource estimate by SRK Finland has been conducted at a very early
stage of the drilling project and hence the tonnage 191 000 tonnes is modest at
this stage. However, the resource grade 4.1 g/t is considerably higher compared
to what we have been mining in recent years”, comments CEO Markus Ekberg.

Competent Person: This statement has been controlled by Eurogeologist, MSc
(Geol) Markus Ekberg acting as a Qualified Person in compliance with
Fennoscandian Review Board -standards. Markus Ekberg is employed by Endomines as
the Chief Executive Officer and owns 180 000 shares in Endomines.

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

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 December 22, 2015.

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.


This news release may contain forward-looking statements, which address future
events and conditions, which are subject to various risks and uncertainties. The
Company's actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements as a result
of numerous factors, some of which may be beyond the Company's control. These
factors include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological data,
the uncertainties of resource and reserve estimations, receipt and security of
mineral property titles; project cost overruns or unanticipated costs and
expenses, fluctuations in metal prices; currency fluctuations; and general
market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made. The assumptions used
in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking