Mr. Cole Evans reports

ENDURO INTERSECTS 8.85M OF 31.09 G/T GOLD AND 1.07% COPPER IN NE EXTENSION OF MCLYMONT FAULT

Enduro Metals Corp. has released its first-received drilling results from 2020's exploration campaign. This initial result is from the NE Extension Zone along the McLymont Fault of the Company's Newmont Lake Project, located in the heart of northwestern British Columbia's Golden Triangle. The McLymont fault is one of four target areas on the 638-square-kilometre Newmont Lake project.

Drill hole NW20-09 intersected 31.09 grams per tonne gold and 1.07 per cent copper over 8.85 metres starting at 159.88 m downhole, including 225.30 g/t Au and 4.90 per cent Cu over 0.59 metre at 162.45 m downhole. Mineralization was identified over a broader interval of 10.03 g/t Au and 0.36 per cent Cu over 28.34 m starting at 144.12 m with eight individual samples containing greater than 15 g/t Au.

Hole ID           From       To   Core length       Au       Ag         Cu
                   (m)      (m)           (m)    (g/t)    (g/t)        (%)

NW20-09         144.12   172.46         28.34    10.03     2.31       0.36
including       159.88   168.73          8.85    31.09     6.54       1.07
and incl.       161.90   162.45          0.55    39.77    10.10       1.13
and incl.       162.45   163.04          0.59   225.30    25.81       4.90
and incl.       163.04   163.55          0.51    19.46     5.93       1.75
and incl.       164.53   165.20          0.67    20.68     4.29       0.45
and incl.       165.20   165.90          0.70    47.08     10.8       0.95
and incl.       165.90   166.45          0.55    36.80     13.5       1.80
and incl.       166.45   166.95          0.50    42.08    13.83       2.62
and incl.       167.50   168.00          0.50    15.85     5.26       0.99

Intervals have been reported as core length as insufficient drilling has 
been undertaken to determine true widths of the interval at this time. 
The 28.34 m interval was fully sampled and all uncut assays were included 
in the 10.03 g/t Au average.

The intersect is approximately 170 m northeast of the historic Northwest zone along the McLymont fault, a 160 m stepout from previously reported diamond drill hole NW19-12, which intersected 44.13 m of 4.03 g/t Au and 0.29 per cent Cu (see news release dated July 28, 2020) and is 285 m stepout from previously reported diamond drill hole R-08-07's 144 m of 3.18 g/t Au (see news release dated July 28, 2020). Mineralization is associated with a swarm of quartz-carbonate veining with distinct euhedral quartz textures containing semi-massive pyrite-chalcopyrite. Fine disseminations of visible gold are common in the vein cement.

NW20-09 was a rushed assay drill hole selected due to the volume of visible gold observed while drilling. This is the first of 17 drill holes to be reported within the McLymont area during the company's 2020 exploration program at Newmont Lake. Additional assay results will be released as they become available. Drilling crews have demobilized for the winter season, and plans are developing for winter infrastructure and operational improvements.

Cole Evans, president and chief executive officer of Enduro, commented: "This discovery within the Northeast extension is highly significant because of striking similarities to mineralization at the Snip deposit located about 20 km southwest directly along the regional trend. Further, mineralization in NW20-09 is distinctly different from the skarn mineralization we see at the Northwest zone and elsewhere in the Northeast extension. This relates back to our current models of three gold mineralization styles and how important these concepts are in understanding the McLymont area. Now that field crews have demobilized, we are focused on amalgamating our work from 2020 to create what we believe will be a revolutionary new way to look at the entire Newmont Lake area that may have greater implications for the Golden Triangle as a whole."

Quality assurance/quality control analytical procedures

Core samples from the Newmont Lake project were sent to MSA Labs' preparation facility in Terrace, B.C., where samples were prepared using method PRP-910. Samples were dried, crushed to two millimetres, split 250 g and pulverized to 85 per cent passing 75 microns. Prepped samples were sent to MSA Labs' analytical facility in Langley, B.C., where 50 g pulps were analyzed for gold using method FAS-221 (fire assay-AAS (atomic absorption spectroscopy) finish). Gold assays greater than 100 g/t Au were automatically analyzed using FAS-425 (fire assay with a gravimetric finish). Rock samples were analyzed for 48 elements using method IMS-230, multielement ICP-MS four-acid digestion, ultratrace level. Silver assay results greater than 100 g/t Ag and copper, lead and zinc greater than 10,000 ppm were automatically analyzed by ore-grade method ICF-6.

Enduro Metals conducts its own QA/QC program where five standard reference material pulps, five blank reference material samples and two field duplicates are inserted for every 100 samples when analyzing core samples.

Qualified person

The technical information in this news release has been reviewed and approved by Maurizio Napoli, PGeo, director for Enduro Metals, a qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

About Enduro Metals Corp.

Enduro Metals is an exploration company focused on its flagship Newmont Lake project, a total 638-square-kilometre property located between Eskay Creek, Snip and Galore Creek within the heart of northwestern British Columbia's Golden Triangle. Enduro entered into an option agreement to acquire 436 square kilometres from Romios Gold Resources, which has carefully amalgamated the area since 2005 from numerous smaller operators. Remaining terms on the option agreement are a $1-million cash payment and issuance of eight million common shares to Romios Gold Resources. Romios will retain a 2-per-cent net smelter returns royalty (NSR) on the Newmont Lake project, or on any after-acquired claims within a five km radius of the original boundary of the project, which may be reduced at any time to a 1-per-cent NSR on the payment of $2-million per 0.5-per-cent NSR.

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