Endeavour is exploring in Birimian and Archean greenstone belts in Burkina Faso, Mali, Ghana, Cote d'Ivoire and Liberia. The main objective is to replace and increase reserves and resources at our mines. Our exploration budget for 2013 is $15 million, with the focus on near-mine exploration; $11 million of the total is allocated to the Tabakoto Mine
and nearby Kofi Project
in Mali. In addition, during 2013 we completed a feasibility study on our Houndé Project
in Burkina Faso.