Pampalo Q1/2011 production statistics and progress report

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



Endomines  AB  releases  its  First  Quarter  (ending March 31, 2011) production
results and confirms its 2011 gold production guidance for its Pampalo Gold Mine
located in Ilomantsi, Eastern Finland.

First Quarter 2011 Production[1]

+---------------------------+-------+
|                           |Q1/2011|
+---------------------------+-------+
|Tonnes mined               | 25,382|
+---------------------------+-------+
|Tonnes processed           | 35,797|
+---------------------------+-------+
|Head grade (Au g/t)        |    3.4|
+---------------------------+-------+
|Utilization (%)            |   63.4|
+---------------------------+-------+
|Gold recovery (%)          |   83.8|
+---------------------------+-------+
|Gold produced kg           |  101.7|
+---------------------------+-------+
|Gold produced oz           |  3,270|
+---------------------------+-------+
|LTIFR[2] (12 month rolling)|     40|
+---------------------------+-------+

Markus  Ekberg, Chief Executive of Endomines  commented: "I am pleased to report
that  the Pampalo  Gold Mine  ramp up  is progressing  very well.  Our first two
months'  production is in  line with our  expectations. We remain confident that
the  Pampalo Gold Mine will achieve our targeted rate of production 900-1 000 kg
gold per annum before the year-end".


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

--

About Endomines AB

Endomines AB is a Nordic mining and exploration company with its first operating
gold  mine located in  Eastern Finland. The  company has several  other gold and
industrial  mineral properties at various  stages of development. All Endomines'
mineral assets are located in Finland, which is politically stable, has a highly
developed   infrastructure   and   is  ranked  as  one  of  the  most  favorable
jurisdictions for the mining industry.

The Pampalo Gold Mine is currently producing gold at an expected annualized rate
of  900 - 1 000 kg. The mine is located on the 40 km-long gold-critical Karelian
Gold Line, where Endomines controls all currently known gold deposits.

Endomines  aims to increase shareholder value by developing its strong portfolio
of  assets, as well as  exploring new deposits on  the Karelian Gold Line and in
Finnish   Lapland.   The  company  will  also  consider  new  opportunities  and
acquisitions for further growth.

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 also 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 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

---

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 statements.



[1] Production figures are based on company own assaying and not confirmed by an
external  laboratory. Cash Cost USD/oz will  be published with Q1-raport 23(rd)
May 2011.
[2]  LTIFR  =  The  Lost  Time  Injury  Frequency  Rate (LTIFR) is calculated as
reported  lost time  injuries resulting  in one  day/shift or  more off work per
1,000,000 hours worked.


[HUG#1504078]