Virginia Silver Property optionor Mega Silver Inc. completes major transaction and listing



    VANCOUVER, Jan. 31 /CNW Telbec/ - Endurance Gold Corporation (EDG -
TSX.V) is pleased to announce that Mega Silver Inc. (MSR-V) has completed its
major transaction and listing, and will commence the planning and
implementation of an exploration program on the Virginia Silver Property,
located in the Smithers region of northwestern British Columbia. Under the
terms of the agreement, dated September 14, 2007, Mega Silver has an option to
acquire a 75% interest in the Virginia Silver and surrounding Annie claims
(collectively the "Virginia Silver Property"), comprising 10 claims totaling
3,041 hectares. To earn its interest, Mega Silver must make $350,000 in cash
payments to Endurance and incur an aggregate of CDN$3.0 million in
expenditures (or make commensurate cash payments to Endurance) on or before
August 07, 2009. Of those totals, cash payments totaling CDN$100,000 and a
minimum of CDN$250,000 in exploration expenditures are required on and by the
first anniversary date of the option agreement.

    ENDURANCE GOLD CORPORATION

    
    Per:      "Duncan McIvor"
              President and Chief Executive Officer
    

    The TSX Venture Exchange or any other regulatory authority has not
    reviewed, and does not accept responsibility for, the adequacy or
    accuracy of this news release.




For further information:

For further information: Endurance Gold Corporation: Duncan McIvor;
(604) 682-2707, dmivor@endurancegold.com; Jeffrey Wilson, Corporate
Communications; (604) 868-0225, jwilson@endurancegold.com;
www.endurancegold.com; Renmark Financial Communications Inc.: Christopher
Wells: cwells@renmarkfinancial.com; Melanie Lecavalier: mlecavalier@
renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717;
www.renmarkfinancial.com

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ENDURANCE GOLD CORPORATION

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