Mr. Neil Woodyer reports

ENDEAVOUR MINING COMPLETES LA MANCHA TRANSACTION

Endeavour Mining Corp. has completed the transaction with La Mancha Holding Sarl, a privately held gold investment company held by the Sawiris family group. This partnership secures Endeavour Mining's platform for growth in Africa, while also strengthening the balance sheet.

Endeavour Mining is now:

• Producing gold at 580,000 ounces per year from five mines in four countries in West Africa;
• All-in sustaining costs per ounce are in the low $900s;
• Attributable proven and probable reserves of 4.8 million ounces;
• Attributable measured and indicated resources of 8.5 million ounces;
• Endeavour Mining has an attractive internal growth profile that includes the Hounde project, which is fully permitted and being prepared for a construction decision in early 2016, and the Ity CIL (carbon in leach) project, in feasibility study.

Neil Woodyer, chief executive officer, stated:

"This partnership secures Endeavour Mining's platform for growth with the shared vision of creating a premier African gold producer. Over the last five years, Endeavour Mining has acquired four mines, completed two feasibility studies, successfully built the Agbaou mine, reduced our group AISC (all-in sustaining costs) per ounce to the low $900s, established a pipeline that includes two low-cost projects -- Hounde and Ity CIL, and we have unlocked significant exploration potential in Cote d'Ivoire and Burkina Faso. Endeavour Mining is well positioned to continue its build-and-acquire strategy at a low point in this gold price cycle. We see numerous opportunities for further regional consolidation that would benefit from Endeavour Mining's management and operational expertise. We have also strengthened Endeavour Mining for the downside case of lower gold prices as we have received a $63-million (U.S.) cash investment into Endeavour and added a fifth low-cost mine to our operating portfolio."

Pursuant to the transaction, Endeavour Mining has issued La Mancha Africa Holding Ltd., a wholly owned subsidiary of La Mancha Holding, 177,061,572 shares (or 17,706,157 shares on a postconsolidation basis), representing 30 per cent of Endeavour Mining's share capital. Endeavour Mining also announces that it has consolidated its current capital on the basis of 10 preconsolidation shares for one postconsolidation share, effective today. Subject to Toronto Stock Exchange approval, it is expected that the shares will commence trading on the TSX on a consolidated basis on or about Dec. 2, 2015. News releases detailing the consolidation and Australian Stock Exchange delisting processes will be published separately.

Qualified persons

Adriaan (Attie) Roux, Pr.Sci.Nat, Endeavour Mining's chief operating officer, is a qualified person under National Instrument 43-101, and has reviewed and approved the technical information in this news release, except as otherwise noted.

We seek Safe Harbor.