Mr. Robert Boyd reports

ENDURANCE GOLD CLOSES OVERSUBSCRIBED UNIT PORTION OF NON-BROKERED PRIVATE PLACEMENT

Endurance Gold Corp. has closed the oversubscribed unit portion of a non-brokered private placement of non flow-through units and flow-through shares announced on Sept. 11, 2023.

With this first tranche, the Company has raised aggregate proceeds of $748,000 by issuing 3,400,000 units (the "Unit") at a price of $0.22 per Unit which exceeds the initially announced $500,000 for this Unit portion. Each Unit is comprised of one common share (each, a "Share") and one-half non-transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder to purchase one Share at an exercise price of $0.42 per Share until September 27, 2025. The proceeds from this first tranche of the Offering will be used to fund the Company's exploration activities and for general corporate purposes. In connection with this first tranche of the Offering, the Company has paid a cash finder's fee of $2,640 and issued 6,000 finders warrants (the "Finders Warrants") to Haywood Securities Inc. Each Finders Warrant will entitle the finder to purchase one Share at an exercise price of $0.42 per Share until September 27, 2025.

Insiders of the Company purchased an aggregate of 2,550,000 Units in this first tranche of the Offering. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation.

All securities issued pursuant to this first tranche of the Offering (including the Finders Warrants) are subject to a four-month and one day hold period expiring on January 28, 2024. Closing on the balance of the Offering of additional units and/or flow through shares is expected in October. The Offering remains subject to the final approval of the TSX Venture Exchange.

We seek Safe Harbor.