Endeavour Mining Corporation (EDVMF)

[buddhabelly2]

Endeavour Mining Corporation ("Endeavour") (TSX:EDV, ASX:EVR, OTCQX:EDVMF) today announces that it has received the official decree from the government of Côte d'Ivoire granting its Ivorian subsidiary the Mining Permit for its 85%-owned Agbaou Gold Project, which is under construction and on track to begin production in Q1 2014.

The terms of the Mining Permit are as expected and include:

-- A royalty of 3% to the State;
-- A 10% free carried interest to the State; and
-- An area of 334 km(2).


As previously agreed, now that Endeavour has received the mining permit, Endeavour will also grant a 5% free carried interest to SODEMI, the State Company for Mining Development of Côte d'Ivoire, bringing our state partner's total interest to 15%.

There are no other permits required for construction and production at the Agbaou Gold Project. The recruitment of key project personnel is 100% complete, and the crop compensation of key infrastructure zones has entered the advanced stage. This is in line with expected timelines to reach production in Q1 2014.