Endeavour Silver Provides Production and Cost Guidance for 2016; Conference Call at 10

00am PST Today

VANCOUVER, BC--(Marketwired - January 28, 2016) -   Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) provides its production and cost guidance in 2016 for its three producing mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State. Given the current lower precious metal prices, the Company plans to reduce silver production this year in order to achieve a substantially lower all-in sustaining cost of production and generate free cash flow.

2016 Production Guidance

Endeavour's mine plans for 2016 are focused on minimizing all-in sustaining costs and improving after-tax free cash flow rather than metal output. Silver production is expected to be in the range of 4.9-5.3 million oz, gold production will be in the 47,000-52,000 oz range, and silver equivalent production is forecast to be 7.9-8.5 million oz using a 75:1 silver:gold ratio, as shown in the table below.

Mine	Ag (M oz)	Au (K oz)	Ag Eq (M oz)	Tonnes/Day (tpd)
Guanaceví	3.1-3.3	6.0-7.0	3.6-3.8	1,200-1,300
Bolañitos	0.6-0.7	19.0-20.0	2.0-2.2	800-900
El Cubo	1.2-1.3	15.0-16.0	2.3-2.5	500-2,000
Total	4.9-5.3	40.0-43.0	7.9-8.5	2,700-4,000

Bradford Cooke, Endeavour CEO, commented, "Our Guanaceví and Bolañitos mines continue to be profitable at current metal prices but the El Cubo mine continues to lose money in spite of our successful efforts to expand the operation and reduce cash operating and all-in sustaining costs three years in a row. Therefore, we plan to mine the accessible reserves this year at El Cubo and have suspended investments on exploration and mine development there until metal prices improve. That means El Cubo will see a steady decline of production through the year until it goes on care and maintenance in the fourth quarter.