Mr. Bradford Cooke reports

ENDEAVOUR SILVER PRODUCES 1,510,065 OZ SILVER AND 15,960 OZ GOLD (2.7 MILLION OZ SILVER EQUIVALENTS) IN THE FIRST QUARTER, 2016

Endeavour Silver Corp. has released its production results for first quarter 2016 from the company's three operating silver mines in Mexico: the Guanacevi mine in Durango state, and the Bolanitos and El Cubo mines in Guanajuato state. Silver production in first quarter 2016 was 1,510,065 ounces and gold production was 15,960 ounces, resulting in silver-equivalent production of 2.7 million ounces using a 75-to-1 silver-to-gold ratio. Quarterly production was lower both quarter on quarter and year on year as per the company's 2016 guidance.

Production highlights for first quarter 2016 (compared with first quarter 2015):

• Silver production decreased 17 per cent to 1,510,065 ounces.
• Gold production increased 1 per cent to 15,960 ounces.
• Silver-equivalent production was 2.7 million ounces (at a 75-to-1 silver-to-gold ratio).
• Silver ounces sold were down 19 per cent to 1,511,319 ounces.
• Gold ounces were sold down 3 per cent to 15,255 ounces.
• Bullion inventory at quarter-end included 88,609 ounces silver and 188 ounces gold.
• Concentrate inventory at quarter-end included 67,690 ounces silver and 1,316 ounces gold.

Endeavour chief executive officer Bradford Cooke commented: "Our plan for 2016 is to focus on profit margin by minimizing all-in sustaining costs and improving after-tax free cash flow at each mine. That means investing less on exploration and development, primarily at El Cubo and Bolanitos, as well as evaluating new opportunities to reduce operating costs at each mine.

"For example, we are encouraged by the initial test results to significantly improve ore grade at El Cubo by reducing waste going into the plant using an optical-sorting technology. A pilot test using this technology on El Cubo ore will be completed in the second quarter. We will reconsider investing in exploration and development at El Cubo and Bolanitos once we know operating costs can be lowered further and/or metal prices are materially higher. Until then, we think it is better to produce less metal at a profit than more metal at a loss."

At Guanacevi, throughput in Q1 was slightly behind plan due to reduced mine development as a result of a change in the mining contractor in January. A new mining contractor has been hired and is now on-site. Management expects Guanacevi operations will catch up to plan over the next few months. At Bolanitos and El Cubo, throughput, grades and recoveries were generally on plan for Q1.

Infill drilling of the existing resource area at Terronera began in Q1 and is scheduled to be completed this month, at which time the exploration group will turn its attention to aggressive step-out drilling along the Terronera vein and other highly prospective subparallel veins. Further engineering work will also get under way in the second quarter as part of the Terrronera prefeasibility study.

                             Q1 2016 PRODUCTION HIGHLIGHTS

                      Tonnes
Production    Tonnes     per  Grade   Grade  Recovery  Recovery   
by mine     produced     day     Ag      Au       Ag         Au     Silver    Gold                            
                               (g/t)   (g/t)      (%)        (%)       (oz)    (oz)  

Guanacevi     98,776   1,085    249    0.56     82.4       88.5    651,731   1,568
Bolanitos    137,128   1,507     94    2.33     80.7       82.2    334,569   8,449
El Cubo      172,649   1,897    108    1.38     87.4       77.6    523,765   5,943
Consolidated 408,553   4,490    137    1.50     83.7       81.0  1,510,065  15,960

                                      Three months ended March 31,   
                                                  2016       2015     

Throughput (tonnes)                            408,553    380,792      
Silver ounces produced                       1,510,065  1,820,050    
Gold ounces produced                            15,960     15,808          
Payable silver ounces produced               1,473,682  1,769,924    
Payable gold ounces produced                    15,518     15,429          
Silver-equivalent ounces produced(1)         2,707,065  2,926,610    
Silver ounces sold                           1,511,319  1,861,975   
Gold ounces sold                                15,255     15,799     

(1) Silver-equivalent ounces calculated using 75-to-1 ratio in 2016 and 70 to 1 in
2015.                                                                       

Release of first quarter 2016 financial results and conference call

The first quarter 2016 financial results will be released before market on Wednesday, May 11, 2016, and a telephone conference call will be held at 10 a.m. PT (1 p.m. ET) on Wednesday, May 11, 2016.

We seek Safe Harbor.