Endeavour announces intention to expand its advisory services in the oil & gas sector

    Toronto Stock Exchange: EDV

    GEORGE TOWN, Grand Cayman, June 5 /CNW/ - Endeavour Financial Corporation
("Endeavour" or the "Corporation") is pleased to announce that it has entered
into an exclusive agreement with Arrayan Capital Advisors LLC ("Arrayan"),
whose principal is Eduardo Garcia. Arrayan will work closely with Endeavour to
identify and source transactions in the oil and gas sector. The agreement
provides Endeavour a right of first refusal to advise on certain oil and gas
transactions identified by Arrayan that fall within the scope of Endeavour's
advisory services in project, corporate and debt capital markets, equity
financings, mergers and acquisitions and strategic business development.
    Arrayan, led by Eduardo Garcia, is a boutique advisory firm providing
investment banking advisory services for debt raising, asset acquisitions and
capital restructurings to clients in Latin America. Prior to founding Arrayan,
Mr. Garcia held the position of Managing Director of the Oil & Gas group with
BNP Paribas in New York and Senior VP at Deutsche Bank in London and New York.
Mr. Garcia's experience with sourcing and developing transactions in the
energy sector spans 15 years.
    Neil Woodyer, Chief Executive Officer commented, "We are very pleased to
have secured the services of Mr. Garcia. Following the recent successful
completion of raising approximately $400 million of debt financing to fund the
oil and gas infrastructure in Colombia for our long standing client Pacific
Rubiales Energy Corp., Endeavour has demonstrated its ability to provide
strategic advisory to companies in the oil and gas sector, particularly during
these difficult credit market conditions. Securing the deal generation
services of Mr. Garcia should increase the opportunities available for
Endeavour to provide strategic advisory services to companies in the oil and
gas sector. We look forward to working with Mr. Garcia".

    About Endeavour Financial Corporation

    Endeavour is an independent merchant banking company focused on the
global natural resources sector. The Corporation offers advisory services in
project, corporate and debt capital markets; equity financings; mergers and
acquisitions; and strategic business development. Endeavour also provides
equity and bridge loans in support of clients, transactions, and other market
opportunities. Accessing its global industry networks, Endeavour creates and
launches new growth companies as both an advisor and investor.
    Endeavour Financial Corporation is listed on the Toronto Stock Exchange,
symbol EDV. Listed warrants trade on the Toronto Stock Exchange, symbol
    For additional information, please visit our corporate website at

    On behalf of Endeavour Financial Corporation

    "Neil Woodyer"

    Neil Woodyer
    Chief Executive Officer

    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 statements relating to the future
performance of Endeavour Financial Corporation. Forward-looking statements,
specifically those concerning future performance, are 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, Endeavour Financial, (604) 609-6129 Or Mr. Bill Koutsouras,
Executive Vice President and Chief Financial Officer, Endeavour Financial, +
377 97 98 7130 Or Vanguard Shareholder Solutions, 1-866-341-4111 or (604)
608-0824, Email: investor@endeavourfinancial.com

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