Endeavour Silver Signs Agreement to Acquire Exploration Properties in Parral District, Chihuahua, Mexico from Silver Standard - Seite 2

• Readily accessible by paved highway and well maintained gravel road only five kilometres (km) north of the city of Hidalgo Del Parral, with excellent infrastructure including grid power, water, labour, and services. Land access agreements are already in place for exploration.
  

• Large veins traceable for over 8 km. Veta Colorada is up to 40 metres (m) thick, and includes a higher-grade footwall vein 1-10 m thick and a lower grade hanging wall breccia with stock-work up to 30 m thick.
  

• Historic resources of 32.1 million oz silver contained in 4.0 million tonnes (t) grading 248.5 grams per tonne (gpt) in the Veta Colorada estimated by Industrial Minera Mexico, S.A. de C.V. ("IMMSA") who discovered three orebodies, Remedio-Argentina, El Verde and Sierra Plata and mined the latter two orebodies until 1990. Endeavour has not verified this historic resource estimate. See below for further details.
  

• Virgin zone at Remedio-Argentina saw minimal historic mining and contains approximately 15 million oz silver within 1.55 million t grading 300 gpt silver and averaging over five m thick. Endeavour has not verified this historic resource estimate. See below for further details.
  

• Strong potential to discover low-grade silver mineralization amenable to open pit mining, as shown by historic drilling and surface sampling at Palmilla. Drill hole LP-03 intersected 114 gpt silver over 56 m starting at surface. Endeavour has not verified the historic data and is not relying on them.
  

• Excellent potential to discover new high-grade resources in under-explored areas along strike of Veta Colorada, San Patricio, Palmilla and numerous other veins on the properties. Drill hole SPD-03 at San Patricio intersected 638 gpt silver over one m.
  

• Good metallurgy -- IMMSA obtained 85% silver recoveries by flotation and leaching of float tails. Limited metallurgical studies of the Veta Colorada ore indicate >90% recovery by cyanidation.
  

• Positive synergies with Endeavour's existing Parral project, which contains indicated resources of 1.63 million t grading 49 gpt silver, 0.90 gpt gold, 2.87% lead and 2.86% zinc, plus inferred resources of 1.30 million t grading 63 gpt silver, 0.88 gpt gold, 2.55% lead and 2.28% zinc, based on a NI 43-101 Technical Report entitled "Audit of the Mineral Resource Estimate for the Parral Project dated December 15, 2010".