Mr. Godfrey Walton reports

ENDEAVOUR SILVER OUTLINES SEVERAL PROSPECTIVE NEW SILVER-GOLD VEINS ON THE TERRONERA PROPERTY IN JALISCO STATE, MEXICO

Endeavour Silver Corp.'s surface exploration program has outlined several prospective new silver-gold veins on the Terronera property in Jalisco state, Mexico. To date, mapping has extended the Terronera vein system over a seven-kilometre-by-seven-kilometre area and identified nine additional veins in the northern half of the property.

Sampling of the Terronera vein system confirmed that high-grade, low-sulphidation epithermal silver-gold mineralization is present in many of the veins. Assays of several thousand samples, including grab samples, selected samples and chip samples, returned values up to 2,880 grams per tonne silver and up to 26.7 g/t gold.

Assay highlights from five of the new veins are summarized in the table. These assays are intended to show peak values confirming the presence of high-grade mineralization and should not be taken as representative of the entire veins. Most of these new veins have never been tested by drilling. Silver-equivalent is calculated at a ratio of 70 to 1 silver to gold.

              TERRONERA SAMPLING RESULTS

Sample No.             Au          Ag         AgEq
                     (g/t)       (g/t)        (g/t)

17540                6.41       2,880        3,329
17542                0.59         850          891
17543                1.52       1,005        1,111
17555                0.13         294          303
17579                0.25         282          300
15808                0.10         585          592
15813                1.93         393          528
15814                0.99         562          631
15875                1.42         630          729
17259                4.03       1,050        1,332
17264                0.73         743          794
17302                1.94         575          711
15261                0.13         398          407
15358                0.88         506          568
15359                0.48         387          421
15361                0.55         290          329
15367                0.37         423          449
15369                0.43       1,355        1,385
15470                0.13         342          351
14223                0.87         135          196
14061               10.10         148          855
14208                0.58         174          215
14226                0.52         227          263
14229                1.97         315          453
14207                0.73         325          376
14221                0.66         358          404
12840               20.70         506        1,955
12832                5.31         555          927
14019                0.52         564          600
12836                6.82         567        1,044
12862                7.81         576        1,123
12837                5.70         589          988
12838               26.70         763        2,632
12833               11.15         763        1,544
12808                8.09         818        1,384
12907                7.40         951        1,469

             SAMPLING RESULTS FROM FIVE NEW VEINS

                                             Results (ranges)
                      
Target             Length     Width            Au         Ag 
                       (m)       (m)         (ppm)      (ppm)

Las Coloradas         700 0.85-2.30    0.005-6.41  4.0-2,880
Los Reyes           1,800 0.25-2.55    0.006-4.03  0.2-1,050
La Ermita             600 0.15-3.00    0.005-0.88  0.4-1,355
El Padre            1,800 0.40-4.00        <0.005-      <0.2-
                                            10.10        358
La Luz              1,550 0.30-3.00   <0.005-26.7    0.5-951

Luis Castro, vice-president of exploration, commented: "These excellent sample results confirm that Endeavour owns an entire vein district on the Terronera property, with many veins exhibiting high-grade silver-gold mineralization and small historic mine workings but no past exploration drilling. Currently we have two drill rigs testing the El Padre and La Luz veins."

Godfrey Walton, MSc, PGeo, Endeavour's president and chief operating officer, is the qualified person who reviewed and approved this news release and supervised the drilling programs in Mexico. A quality control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples are split at the local field office and shipped to ALS-Chemex Labs, where they are dried, crushed, split and 50-gram pulp samples are prepared for analysis. Gold and silver are determined by fire assay with an atomic absorption (AA) finish.