Toronto Stock Exchange - EDV - February 13, 2009

    Toronto Stock Exchange - EDV

    GEORGE TOWN, Grand Cayman, Feb. 13 /CNW/ - Endeavour Financial
Corporation ("Endeavour") announces that on November 6, 2008, Endeavour became
an insider of Sky Ridge Resources Ltd. by resuming control over 8,200,000
common shares ("Common Shares") of Sky Ridge Resources Ltd. ("Sky Ridge")
owned by Endeavour representing approximately 10.3% of the issued and
outstanding Common Shares of Sky Ridge which were previously reported under
the alternative monthly reporting system. On December 20th, 2008, Endeavour
acquired ownership and control over 3,200,000 common shares of Sky Ridge
through the exercise of 3,200,000 warrants (the "Acquisition"). Upon
completion of the Acquisition, Endeavour now holds an aggregate of 11,400,000
common shares representing approximately 13.3% of the issued and outstanding
Common Shares of Sky Ridge.
    Prior to the Acquisition, Endeavour held an aggregate of 8,200,000 Common
Shares, 3,200,000 Warrants ("Warrants") and 1,000,000 options ("Options")
entitling it to acquire an additional 3,200,000 Common shares from the warrant
exercise and an additional 1,000,000 Common Shares from date of the option
exercise. After giving effect to the Acquisition, Endeavour holds 11,400,000
Common Shares, representing approximately 13.3% of the issued and outstanding
Common Shares of Sky Ridge. If all of the Options were exercised, assuming no
other outstanding convertible securities of Sky Ridge were exercised or
converted, Endeavour would own an aggregate of 12,400,000 common shares,
representing approximately 14.3% of the issued and outstanding Common Shares
of Sky Ridge.
    Endeavour has acquired these securities for investment purposes and has
no present intention to acquire further securities of the Issuer, although
Endeavour may in the future acquire or dispose of securities of the Issuer,
through the market, privately or otherwise, as circumstances or market
conditions warrant.

    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.
    For additional informational please visit our corporate website at

    On behalf of Endeavour Financial Corporation

    "Bill Koutsouras"

    Bill Koutsouras
    Executive Vice President and Chief Financial 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, (604) 609-6129, Or Mr. Bill Koutsouras, Executive Vice President
and Chief Financial Officer, (345) 815-0601 Or Vanguard Shareholder Solutions,
1-866-341-4111 or (604) 608-0824, email:

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