Mr. Neil Woodyer reports

ENDEAVOUR MINING GENERATES RECORD OPERATING CASH FLOW IN 2014

Endeavour Mining Corp. had 2014 gold production of 465,770 ounces, resulting in an all-in sustaining margin of $117.1-million. (All amounts are in U.S. dollars unless otherwise indicated.) The AISC (all-in sustaining cost) of $995 per ounce during the fourth quarter was the company's second consecutive quarter below its goal of $1,000/ounce. Endeavour previously released its 2014 operating results, 2015 guidance, updated year-end mineral resources and reserves, and Hounde project updates. Over all, Endeavour's operations performed well by delivering above guidance production, below midpoint for AISC guidance, and with exploration programs that successfully extended mine life and increased mineral reserves to 4.5 million ounces (see news releases dated Jan. 15, 2015, and Feb. 19, 2015).

Full year 2014 financial and operating highlights:

• Gold production of 465,770 ounces and sales of 467,887 ounces at a realized gold price of $1,264 per ounce;
• Cash cost per ounce sold of $826, compared with $890 in 2013;
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $142.8-million, compared with $68.9-million in 2013;
• AISC per ounce sold of $1,010, compared with $1,137 in 2013;
• Sustained stated goal of group-level AISC per ounce below $1,000 for two consecutive quarters (third quarter and fourth quarter);
• AISC margin of $117.1-million, compared with $81.2-million in 2013;
• Operating activities generated $127.4-million of positive cash flow, which compares with $43.8-million in 2013;
• Cash expenditures and prepayments on mining activities decreased to $117.1-million from $213.6-million in 2013. For 2015, Endeavour's non-sustaining capital spending is expected to be only $20-million, as the major capital programs of 2013 and 2014 are now complete;
• A non-cash impairment charge to mineral properties and related assets of $278.8-million, which is mostly related to Tabakoto ($245.9-million) and driven by the unfavourable income tax climate in Mali, reduced assumptions regarding mine life (revised from 10 years to seven years) for the purpose of the valuation model and downward revision in the assumed gold price;
• Endeavour ended 2014 in a strong financial position with $62.2-million in cash.

Neil Woodyer, chief executive officer, stated:

"[Year] 2014 was a very successful year for Endeavour. We delivered on production growth, lowered AISC costs and extended mine life through targeted exploration. We also advanced the Hounde project through permitting and, with exploration, increased the mineral reserves to 2.1 million ounces to confirm the project as a core asset in our growth profile.

"For 2015 we have five key objectives: 1) produce 475,000 to 500,000 ounces, 2) maintain AISC/ounce below $1,000 (guidance range is $930 to $980/ounce), 3) to be profitable, 4) use a portion of free cash flow to reduce debt, 5) to extend mine life through exploration success."

          2014 MARGIN GENERATION AND ALL-IN SUSTAINING COST

                                                  12 months ended
                                                    Dec. 31, 2014
                                              U.S. $  In gold oz    $/oz
                                            millions

Gold revenue                                  $583.6     461,755
Less: royalties                                 28.3      22,398     $61
Less: cash costs for ounces sold               381.6     301,918     826
Mine cash margin                               173.7     137,439
Less: corporate general and administrative      21.7      17,186      47
Less: sustaining capital                        30.6      24,196      66
Less: sustaining exploration                     4.3       3,399       9
All-in sustaining margin/cost per ounce       $117.1      92,658  $1,010

(1) Numbers may not add due to rounding.
(2) Gold ounces sold exclude 6,132 ounces from Agbaou prior to 
    commercial production.

     2014 FINANCING ACTIVITIES AND RECONCILIATION OF CASH POSITION
                          (U.S. $ millions)

Cash -- opening balance (Jan. 1, 2014)                          $73.3
All-in sustaining margin                                        117.1
Non-sustaining investments
Tabakoto -- underground equipment, cement rock fill plant,
Segala and Kofi development                                      59.9
Nzema                                                            14.0
Agbaou                                                            2.9
Hounde exploration (including $6.7-million of exploration)        9.5
Other                                                             0.2
                                                                (86.5)
(Change) in working capital and other                            (1.6)
(Repayment) of Tabakoto equipment lease obligations              (3.0)
Gold hedge (settlement)                                         (11.9)
(Taxes and interest) paid                                       (25.2)
Cash -- ending balance (Dec. 31, 2014)                          $62.2

2014 adjusted earnings

Net earnings from continuing operations (attributable to Endeavour shareholders) have been adjusted for the impact of fair-value change of certain financial instruments, including the gold price protection program. Other adjustments include deferred income tax expense, adjustments related to investments in associates, stock-based payments, foreign currency effects, marketable securities and other non-recurring items.

   ADJUSTED NET EARNINGS RECONCILIATION FOR THE YEAR ENDED DEC. 31, 2014
                            (U.S. $ millions)

Net earnings (loss) attributable to shareholders of Endeavour       $(328.2)
Net non-cash impairment charges                                       278.8
Loss/(gain) on derivative instruments and marketable securities         5.2
Loss on promissory note                                                 3.3
Imputed (interest) on promissory note                                  (1.8)
Loss on foreign currency                                                4.6
Other expenses (gains)                                                 21.7
Stock-based payments                                                    1.2
Deferred income taxes (recovery)                                       31.2
Adjusted net earnings after tax                                       $16.0
Adjusted net earnings per share (basic, U.S. $ per share)             $0.03

2015 production and AISC guidance

Endeavour's 2015 production guidance is 475,000 to 500,000 ounces at an all-in sustaining cost per ounce of $930 to $980. Guidance details by mine are provided in attached tables.

            2015 PRODUCTION GUIDANCE BY MINE 
              (ounces, 100-per-cent basis)
                                            
               2012     2013     2014                2015
             actual   actual   actual      guidance range

Agbaou            -    6,132  146,757  150,000 to 155,000
Nzema       109,447  103,464  115,129  110,000 to 115,000
Tabakoto    110,301  125,231  127,323  155,000 to 165,000
Youga        91,030   89,448   76,561    60,000 to 65,000
Total       310,778  324,275  465,770  475,000 to 500,000

                   2015 AISC GUIDANCE BY MINE 
                            ($/ounce)
                                                   2015                 
                                                   guidance range

Agbaou                                             $690 to $740    
Nzema                                              $1,000 to $1,050  
Tabakoto                                           $950 to $1,000  
Youga                                              $975 to $1,025  
Mine-level AISC/ounce                              $883 to $933    
Plus corporate general and administrative
(approximately $18-million)                        $37          
Plus exploration (sustaining) and other 
(approximately $5-million)                         $10          
AISC/ounce                                         $930 to $980    

At a $1,200 gold price, and using the midpoint of 2015 production and all-in-sustaining-cost-per-ounce guidance ranges, Endeavour is expecting to generate an AISC margin of approximately $120-million in 2015. Calculations are outlined in an attached table. Non-sustaining capital is planned to be $20-million in 2015.

              2015 AISC MARGIN AND FREE CASH FLOW 
                    (before tax and financing)

2015 production (guidance range midpoint)    ounces      487,500
2015 AISC/ounce (guidance range midpoint)    $/ounce        $955
Revenue at $1,200 gold price                 $ millions     $585
Less: AISC                                   $ millions     $465
All-in sustaining margin                     $ millions     $120
Non-sustaining capital: principal projects
include completion of Kofi C open-pit
access, completion of cement rock fill
plant for Segala underground mine
operations and continuing exploration        $ millions      $20
Free cash flow (before tax and financing
costs)                                       $ millions     $100

Financial statements and related MD&A (management's discussion and analysis) will be available on SEDAR, the Australian Securities Exchange website, the OTC Markets website and in the investor relations section of Endeavour's website.

Conference call details

Management will host a conference call to discuss the 2014 year-end results on March 2, 2015, as detailed below. Presenting on the call will be Neil Woodyer, chief executive officer, Attie Roux, chief operating officer, and Christian Milau, chief financial officer.

Analysts and interested investors are invited to participate using the dial-in numbers below.

International:  1-201-689-8040

North American toll-free:  1-877-407-8133

Australian toll-free:  1-800-687-004

The conference call can also be accessed through the company's website.

The conference call will be held and webcast by Issuer Direct on Monday, March 2, 2015, at:

• 6 a.m. in Vancouver;
• 9 a.m. in Toronto and New York;
• 2 p.m. in London;
• 10 p.m. in Hong Kong and Perth.

The call will be archived for later playback on Endeavour's website until March 2, 2016.

Qualified persons

Adriaan (Attie) Roux, PrSciNat, Endeavour's chief operating officer, is a qualified person under National Instrument 43-101, and has reviewed and approved the technical information related to mining operations in this news release.

We seek Safe Harbor.