Mr. Dan Dickson reports

ENDEAVOUR SILVER ANNOUNCES US$25 MILLION REVOLVING TERM CREDIT FACILITY

Endeavour Silver Corp. has executed a credit agreement for a secured revolving term credit facility for up to $25-million, with ING Capital LLC acting as administrative agent. Proceeds from the revolving credit facility will be available for the company's general corporate and working capital purposes, including permitted acquisitions and permitted investments. All references to dollars in this news release are in United States dollars.

"The revolving credit facility strengthens Endeavour's financial flexibility and enhances our ability to pursue disciplined growth," said Dan Dickson, chief executive officer. "With access to additional working capital, we are better positioned to support our operations, invest in value-enhancing opportunities, and evaluate acquisitions and investments that align with our strategy. This facility provides an important layer of financial security as we continue advancing our growth pipeline and working toward our goal of becoming a leading senior silver producer."

Revolving credit facility details

The revolving credit facility has a commitment amount of up to $25-million, with an accordion feature that permits the company to request increases to the commitment amount of up to an additional $75-million, subject to the consent of the lenders, for an aggregate maximum facility size of up to $100-million.

The revolving credit facility has an initial term of three years, maturing on Aug. 5, 2029, subject to extension in one-year increments upon the written agreement of the company, each lender and ING. Amounts outstanding under the revolving credit facility are repayable in full on the maturity date.

The initial drawdown under the revolving credit facility is subject to customary conditions precedent, including all of the company's direct and indirect material subsidiaries guaranteeing the revolving credit facility and securing the revolving credit facility with first-lien security interests over all of their present and after-acquired personal property in favour of ING, as administrative agent.

Borrowings under the revolving credit facility bear interest, at the company's election, based on term SOFR (secured overnight financing rate) or a base rate, plus an applicable margin, determined by reference to the company's performance in respect of its financial covenants.

The revolving credit facility is subject to customary financial covenants.

The company does not intend to draw on the revolving credit facility in the near future; it is being established to create financial flexibility as the development of the Pitarrilla project advances.

About Endeavour Silver Corp.

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru, and a robust pipeline of exploration projects across Mexico, Chile and the United States. With a proven record of discovery, development and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.

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