Mr. Christian Milau of Endeavour reports

ENDEAVOUR MINING REPORTS CLOSING OF SALE OF NON-CORE DIAMOND ASSETS AND UPDATES PROGRESS WITH ADAMUS

Endeavour Mining Corp. has closed the sale of its 47.3-per-cent-owned diamond subsidiaries, which were acquired as part of the Etruscan Resources Inc. acquisition in 2010. As consideration for the sale, Endeavour received 1,234,660 shares of Rockwell Diamonds Inc., which were valued at approximately $600,000 on Oct. 11, 2011, and Rockwell assumed all the debt and contingent liabilities of the corporation related to the diamond assets, which at June 30, 2011, were $14.8-million (U.S.). Total net liabilities of Endeavour's diamond subsidiaries at June 30, 2011, were $2.7-million (U.S.). The agreement to sell these non-core diamond assets was announced in September, 2010, as part of Endeavour's strategic plan to grow into an intermediate gold producer.

Endeavour is currently implementing a merger of equals transaction with Adamus Resources Ltd. to combine and create a new growth-focused West African gold producer. Consistent with the indicative timetable for completion presented in the joint Endeavour and Adamus press release on Aug. 21, 2011, the Toronto Stock Exchange circular to Endeavour shareholders in now being prepared and is scheduled to be dispatched to Endeavour's shareholders at the end of October, 2011, allowing shareholders to vote on the transaction during November, 2011. Adamus has also made significant progress preparing its scheme booklet for the Adamus shareholders.

We seek Safe Harbor.