Endeavour Increases its Stake in the Fetekro Project; Pre-Feasibility Study On Track for Q1-2021 - Seite 2

Endeavour began exploration at Fetekro in March 2017, with the Lafigué deposit as the primary target. A maiden resource for Lafigué was published on October 29, 2018 and was updated on September 3, 2019 and again on August 18, 2020. As shown in Table 1 below, the latest resource update resulted in a 108% increase in Indicated resources to 2.5Moz at an average grade of 2.40 g/t Au.

Table 1: Lafigué Mineral Resource Estimate Evolution

	AS AT AUGUST 31, 2019				AS AT JULY 31, 2020			Δ AU CONTENT
On a 100% basis	Tonnage	Grade	Content		Tonnage	Grade	Content
	(Mt)	(Au g/t)	(Au koz)		(Mt)	(Au g/t)	(Au koz)
Measured Resource	-	-	-
Indicated Resources	14.6	2.54	1,190		32.0	2.40	2,471	+108%
M&I Resources	14.6	2.54	1,190		32.0	2.40	2,471	+108%
Inferred Resources	0.9	2.17	60		0.8	2.52	66	+10%

Mineral Reserve Estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") definitions standards for mineral resources and reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Reported tonnage and grade figures have been rounded from raw estimates to reflect the relative accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Resources were constrained by MII Pit Shell and based on a cut-off of 0.5 g/t Au. For further details, please refer to Endeavour’s press release dated August 18, 2020, available on its website and on SEDAR under its profile.