Endeavour provides update on advisory role with Baja Mining



    Toronto Stock Exchange: EDV

    GEORGE TOWN, Grand Cayman, July 3 /CNW/ - Endeavour Mining Capital Corp.
("Endeavour" or the "Corporation") is the exclusive financial advisor to Baja
Mining Corp., ("Baja") a TSX-listed company developing the Boleo Project,
Mexico's largest copper/cobalt deposit. Endeavour continues working closely
with Baja's executive team to develop and implement a comprehensive business
and project financing plan to bring Boleo into production. In addition,
Endeavour has supported our advisory services with capital investments in Baja
to assist in the advancement of the Boleo project on a timely basis. Endeavour
is pleased to note that Baja has achieved and announced two significant
milestones in the development of the project. These include:

    
    -  The sale of a 30% interest in the Boleo Project for cash and project
       funding from a consortium of Korean companies led by Korea Resource
       Corporation and including LS-Nikko Copper Inc, Hyundai Hysco Co. Ltd.,
       SK Networks Co. Ltd. and Iljin Copper Foil Co. Ltd. totaling
       US$294 million.

    -  Receipt of underwriting commitments from Bayerische Hypo-und
       Vereinsbank AG a member of Unicredit Group, and the Export Import Bank
       of Korea to jointly underwrite and arrange a US$665 million senior
       debt package.
    

    Endeavour offers comprehensive financial advisory services and the
US$959 million of transactions announced by Baja highlight the capability of
our team to design and execute highly complex and integrated financing
structures for our clients.
    Endeavour looks forward to continuing to work with Baja to complete the
senior debt financing. Endeavour has earned advisory fees related to our role
advising Baja on these transactions.

    Endeavour Mining Capital Corp. is a publicly-traded merchant banking
company offering integrated capital investment and financial advisory services
to the global natural resources sector. The Corporation offers a unique
combination of financial and intellectual capital to help build companies and
create shareholder value. Our shares are listed on the Toronto Stock Exchange
under the symbol EDV and offer a distinctly different way to invest in the
natural resources sector.
    For additional information, please visit our corporate website,
www.endeavourminingcapital.com.

    On behalf of Endeavour Mining Capital Corp.

    "Bill Koutsouras"
    Executive Vice President & CFO

    The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. The foregoing
information may contain forward-looking information relating to the future
performance of Endeavour Mining Capital Corp. Forward-looking information,
specifically that concerning future performance, is subject to certain risks
and uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in the Corporation's filings with
the appropriate securities commissions.




For further information:

For further information: Dr. Sally Eyre, Director Marketing & Business
Development, (604) 609-6129 or Vanguard Shareholder Solutions, 1-866-801-0779
or (604) 608-0824, email: investor@endeavourminingcapital.com, Phone: Vanguard
Shareholder Solutions, 1-866-801-0779 or (604) 608-0824, email:
investor@endeavourminingcapital.com

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ENDEAVOUR FINANCIAL CORPORATION

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