Endurance Gold Corporation (EDG -- TSX.V, "Endurance") is pleased to announce that it has reached an agreement to settle its arbitration dispute with its joint venture partner Ginguro Exploration Inc. and its wholly-owned subsidiary (collectively, "Ginguro") in relation to the 2012 Program on the Pardo joint venture property.
The parties have agreed that Endurance will own a 35.5% joint venture interest, and Ginguro will have a corresponding 64.5% joint venture interest. Endurance will make a contribution of $100,000 towards the full 2012 Program.
Endurance and Ginguro are pleased with the settlement of the arbitration matters and look forward to the continued advancement of the Pardo joint venture, and in particular the exploration activities being conducted under the 2014 Program which commenced in May, to which both parties are contributing.
Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits. The Company's exploration focus, for projects operated by Endurance, is intrusive-related mineral systems with potential for discovery of major new precious or rare metals deposits, and its business plan offers shareholders exposure to several majority-owned exploration projects with significant discovery potential such as the Elephant Gold Property in Alaska, the Rattlesnake Hills Gold Property in Wyoming, and the Bandito Rare Earth-Niobium Property in the Yukon. Please visit www.endurancegold.com
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