Mr. Bradford Cooke reports

ENDEAVOUR SILVER PRODUCES 1,898,999 OZ SILVER AND 18,519 OZ GOLD (3.0 MILLION OZ SILVER EQUIVALENTS) IN THE FIRST QUARTER, 2014

Endeavour Silver Corp. posted strong silver and gold production results in the first quarter of 2014 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 2014 was up 27 per cent to 1,898,999 ounces, and gold production was up 23 per cent to 18,519 ounces compared with first-quarter 2013. Silver equivalent production rose 26 per cent to 3.0 million ounces using a 60:1 silver:gold ratio.

Production highlights for first-quarter 2014 (compared with first-quarter 2013):

• Silver production increased 27 per cent to 1,898,999 ounces.
• Gold production jumped 23 per cent to 18,519 ounces.
• Silver equivalent production rose 26 per cent to 3.0 million ounces (at a 60:1 silver:gold ratio).
• Silver ounces sold were up 1 per cent to 1,537,665 ounces.
• Gold ounces sold were up 5 per cent to 16,445 ounces.
• Bullion inventory at quarter-end included 295,839 ounces of silver and 421 ounces of gold.
• Concentrate inventory at quarter-end included 60,512 ounces of silver and 1,113 ounces of gold.

Endeavour chief executive officer Bradford Cooke commented: "Although we did not forecast any production growth in 2014, we are already ahead of our production plan for the year as our operations team continues to perform well. Management is also intent on improving our safety, financial and exploration performance in 2014 as we get ready for the next leg up in the precious metal cycle.

"The recent fatal accidents at Guanacevi and El Cubo prompted management to immediately implement a full safety retraining program at all three mines. Each mine will shut down for two days so each shift can receive a two-day refresher course on safety policies and practices. In addition, Endeavour will retain an underground mine safety specialist to review the company's safety programs and implement any recommended improvements.

"We continue to try and optimize our operating costs and improve our profit margins given the current low silver and gold prices. Brownfields exploration and development programs funded by cash flow are under way at all three mines to replace reserves, expand resources and extend mine lives. Drilling will resume shortly at our exciting high-grade silver-gold discovery in the Terronera vein on the San Sebastian property in Jalisco state, currently in the mine permitting process."

At Guanacevi, higher grades and recoveries related to ore from the Porvenir Cuatro mine helped deliver record quarterly production in first-quarter 2014. However, plant throughput in the month of April will be reduced by 100 tonnes per day as the FIMSA mill is down for repair and maintenance. Plant grades are expected to return to plan over the rest of the year through blending of the higher-grade ores with the ore stockpile.

At Bolanitos, the mine continued to operate at the plant capacity in first-quarter 2014, and gold grades continue to exceed the estimated reserve grades.

At El Cubo, the capital investments and operational changes implemented since acquisition appear to have gained traction, but there are still a few months of accelerated mine development needed in order to make the progress sustainable over the longer term. Production grades improved in first-quarter 2014, but mine output declined due to development initiatives and a change of mine manager. The mine is now back on plan to fill the plant capacity by year-end and start building an ore stockpile.

Endeavour has enjoyed a multiyear record of continuous improvement in safety performance, and these latest accidents were a harsh reminder of the risks inherent in the mining industry. The company has historically introduced new safety initiatives on a regular basis to keep employees and contractors focused on safe practices in the workplace. The company conducts mine rescue training continuously and uses multiple safety strategies, including the five-point system, Dupont STOP program and My Brother's Keeper, among others, in addition to thousands of hours of safety training, regular safety audits, extensive safety signage and job-specific training, such as barring down.

Management is very focused on safety performance, and the recent initiatives to completely retrain the work force should help get the company's safety performance back on track to reflect a culture of excellence. Endeavour has previously won national safety awards for its safety programs, and company mine rescue teams have captured multiple individual and team awards in mine rescue competitions.

                      PRODUCTION FOR FIRST-QUARTER 2014
                                                                           
                             Grade  Grade                                   
                     Tonnes     Ag     Au                                   
Production    Tonnes    per    g/t    g/t Recovery Recovery    Silver   Gold
by mine     produced    day    (1)    (1)       Ag       Au        oz     oz

Guanacevi    106,813  1,187    350   0.77    83.7%    86.0% 1,005,781  2,273
Bolanitos    142,412  1,582    144   2.72    86.9%    85.4%   572,851 10,640
El Cubo       97,300  1,081    110   2.01    93.1%    89.2%   320,367  5,606
Consolidated 346,525  3,850    198   1.92    86.1%    86.6% 1,898,999 18,519

                      Q1 2014 HIGHLIGHTS
                           
                                       Period ended March 31,             
                                          2014           2013 

Throughput (tonnes)                    346,525        376,344            
Silver ounces produced               1,898,999      1,489,716             
Gold ounces produced                    18,519         15,032            
Payable silver ounces produced       1,844,165      1,459,706            
Payable gold ounces produced            17,796         14,787           
Silver equivalent ounces                                                    
produced (1)                         3,010,139      2,391,636           
Silver ounces sold                   1,537,665      1,515,077            
Gold ounces sold                        16,445         15,724             
                                                                            
(1) Silver equivalent ounces are calculated using a 60:1 ratio.
(2) Revenue from the sale of concentrates is subject to adjustments upon
final settlement. Concentrate sales are subject to mark-to-market
accounting treatments resulting in quarterly closing prices used for a
significant portion of metal sales. Furthermore, reported revenue and
realized prices include adjustments to prior-quarter sales on final
settlement.

Release of first-quarter 2014 financial results and conference call

The first-quarter 2014 financial results will be released after market close on Monday, May 12, 2014, and a telephone conference call will be held at 10 a.m. PDT (1 p.m. EDT) on Tuesday, May 13, 2014.

Annual general meeting

The company will host its annual general meeting on Thursday, May 8, 2014, in Vancouver at the Terminal City Club, 837 West Hastings St., at 10 a.m. PDT and has posted its annual general meeting materials on its website. All shareholders can receive a hard copy of the company's annual general meeting materials free of charge upon request. To receive this material in hard copy, please contact Meghan Brown, director, investor relations, at 604-640-4804 or toll-free 877-685-9775.

We seek Safe Harbor.