Frankfurt: 3EG


Endurance Gold Corporation (EDG -- TSX.V, "Endurance", or the "Company") ) is pleased to announce that it intends to complete a non-brokered private placement of up to 5,882,400 units (each, a "Unit") at a price of $0.085 per Unit for gross proceeds of up to $500,000 (the "Offering"). Each Unit consists of one common share and one non-transferable common share purchase warrant (the "Warrant"). Each such Warrant is exercisable into one common share for a period of three years from the date of closing (the "Closing"). The Warrant exercise price is $0.12 per share for the initial eighteen month period, increasing to $0.16 per share for the second eighteen month period.

If the volume weighted average trading price of the common shares of the Company is $0.20 per share or greater for ten consecutive trading days at any time after four months and one day from Closing, the Company may, upon giving notice to the warrant holders, accelerate the expiry date of the Warrants to a date that is 30 days from the date of such notice.

The gross proceeds from the Offering will be used to fund the Company's exploration activities and for general working capital purposes.

The Offering is subject to regulatory acceptance. The securities issued in the financing will be subject to a statutory hold period of four months plus one day from the Closing. Certain directors and/or officers of the Company intend to participate in the private placement and their holdings of securities of the Company will increase as a result.

Cash Finders' fees in the amount of 7.0% may be paid in connection with certain subscriptions under the private placement.



Robert T. Boyd
President & CEO

Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.