Endomines completes construction of Pampalo Gold Mine: test runs started

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



Endomines  AB announces the completion of  the Pampalo Gold Mine construction on
schedule. The new power line was commissioned Tuesday 16(th) November, with test
runs commencing immediately thereafter.

The final remaining critical elements - a 48 km long power line, switchyards and
transformer  stations, were inspected on 16(th) November and accepted for use by
relevant  authorities The power line construction works were completed 1.5 month
before the agreed date and two weeks before the company internal schedule.

The  processing plant installation works were technically completed as scheduled
on  1(st) November, and the plant  has been available for  minor test runs since
then.

"I'm  very pleased with the  dedication and commitment to  this project shown by
our  own staff  as well  as our  contractor's workforce.  The Pampalo  Gold Mine
processing  plant has  now been  commissioned on  time and  as per  the original
schedule.  With the completion of  the new power line,  we have sufficient power
on-site, enabling efficient test runs of the plant equipment and crushers.

Although  we decided to  upgrade certain critical  areas during the construction
period,  such as  crushers and  the plant  laboratory, the  overall cost  of the
Pampalo project is still in line with the budget.

We  are currently testing the complete  processing plant with water and further,
with  waste rock and ore.  We shall finalize these  tests before the year-end so
that  commercial production  can be  started during  Q1/2011 as per our previous
announcements", comments Markus Ekberg, CEO of Endomines



For further information:
Markus Ekberg, CEO of Endomines AB, cell phone: +358 40 706 48 50



About Endomines
During 2009-2010 Endomines has taken several important steps from exploration to
full-scale gold production. By the end of 2010, the company will commence
production at the Pampalo Gold Mine, with a projected output of 900-1.000 kg of
gold per annum. Other deposits along the Karelian Gold Line will be exploited
subsequently. Endomines has additional claims in Finnish Lappland (gold),
Ostrobothnia (ilmenite) and Southern Finland (limestone/wollastonite).

Endomines  applies SveMin's &  FinnMin's respective rules  for reporting (public
mining  &  exploration  companies).  Endomines  has  chosen  to  report  mineral
resources  and  ore  reserves  according  to  JORC  or NI 43-101-code, which are
internationally  accepted. Endomines  applies International  Financial Reporting
Standards (IFRS) as approved by the European Union.

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

Read more about Endomines on www.endomines.com



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