Endeavour Mining Updates ASX Share Consolidation Timetable

VANCOUVER, Dec. 1, 2015 /CNW/ - Endeavour Mining Corporation ("Endeavour Mining") (TSX:EDV) (ASX:EVR) (OTCQX:EDVMF) refers to its announcement dated November 30, 2015 advising that it had implemented the consolidation of its current capital (the "Consolidation") on the basis of ten (10) pre-Consolidation shares for one (1) post-Consolidation share effective November 27, 2015.  With instruction from the Australian Securities Exchange ("ASX"), the indicative timetable below has been updated and the last day for trading in pre-Consolidation CDIs has changed to December 3, 2015, from December 2, 2015 in the previous timetable.  The Consolidation timetable for the Toronto Stock Exchange ("TSX") remains unchanged.

Endeavour Mining advises the key date for the Consolidation for holders of shares listed on the TSX is as follows:

All materials necessary to effect the Consolidation have been filed with the TSX and, subject to TSX approval, it is expected that the shares will commence trading on the TSX on a consolidated basis on or about December 2, 2015 under the symbol "EDV"

Endeavour Mining advises the key dates for the Consolidation for holders of CDIs listed on the ASX are as follows:

Key Event

Indicative Date

Last day for trading in pre-Consolidation CDIs

December 3, 2015

Trading in the post-Consolidation CDIs on a deferred settlement basis commences

December 4, 2015

Last day for Endeavour Mining to register transfers on a pre-Consolidation basis

December 8, 2015

First day for Endeavour Mining to send notice of Consolidation to each CDI holder

First day for Endeavour Mining to register CDIs on a post-Consolidation basis

First day for issue of holding statements and new certificates

December 9, 2015

Issue date. Deferred settlement market ends

Last day for CDIs to be entered into the CDI holders' holdings

Last day for Endeavour Mining to send notice of Consolidation to each CDI holder

December 14, 2015

Endeavour Mining will notify the market if there are any changes to these timetables.

About Endeavour Mining Corporation
Endeavour Mining is a Canadian-based intermediate gold mining company producing 580,000 ounces per year from five mines in West Africa.  Endeavour Mining is focused on effectively managing its existing assets to maximize cash flow as well as pursuing organic and strategic growth opportunities that benefit from its management and operational expertise.

On behalf of Endeavour Mining Corporation

Neil Woodyer
Chief Executive Officer

This news release contains "forward-looking statements" including but not limited to, statements with respect to Endeavour Mining's plans and operating performance, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" and "anticipates". Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour Mining operates. Although Endeavour Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavour Mining's most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour Mining and its business.

SOURCE Endeavour Mining Corporation

For further information: Doug Reddy, EVP Business Development, +1 604 609 6114, dreddy@endeavourmining.com, Endeavour Mining Corporation, Corporate Office, Suite 3123, 595 Burrard Street, P.O. Box 49139, Vancouver, BC, V7X 1J1, Canada; Brunswick Group LLP, Carole Cable, Partner, +44 7974 982 458, ccable@brunswickgroup.com; Patrick Handley, Partner, +44 7974 982 395, phandley@brunswickgroup.com


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