News Releases

	May 06, 2009 Endeavour Financial Completes Three Debt Transactions
	Toronto Stock Exchange: EDV George Town, Grand Cayman - Endeavour Financial Corporation ("Endeavour" or the "Corporation") is pleased to announce the successful closing of three debt transactions for its client, Pacific Rubiales Energy Corp. ("Pacific Rubiales"). Endeavour advised Pacific Rubiales on the US$200 million financing of a 235km long, oil pipeline in the Republic of Colombia. The pipeline is owned by state-owned oil company, Ecopetrol S.A., (65%) and Pacific Rubiales (35%). The financing, concluded in March 2009, was provided by Grupo Aval, a consortium of Colombian banks led by Banco de Bogota. Endeavour structured and arranged a one year, US$50 million bridge financing for the principal Colombian operating subsidiary of Pacific Rubiales. The financing, concluded in April 2009, was provided by Citibank N.A. Endeavour structured and arranged an initial US$180 million reserve based lending facility for Pacific Rubiales, as part of a senior secured revolving credit facility totaling up to $250 million. The facility, concluded in May 2009, consists of commitments from each of BNP Paribas, Calyon, Banco Davivienda S.A., and West LB. A.G. These facilities provide Pacific Rubiales with the necessary funding to further develop its oil infrastructure in Colombia (including drilling, oil dehydration and water treatment) in order to increase the production capacity of the Rubiales Field to 100,000 gross barrels of oil per day, as well as providing funding for general working capital purposes. Neil Woodyer, Chief Executive Officer commented "we've been successfully advising Pacific Rubiales since 2007 and have helped arrange the three facilities throughout the adverse debt market conditions of 2008 and 2009. Endeavour's team of finance professionals is committed to finding solutions for all its clients". About Endeavour Financial Corporation Endeavour is an independent merchant banking company focused on the global natural resources sector. The Corporation offers advisory services in project, corporate and debt capital markets; equity financings; mergers and acquisitions; and strategic business development. Endeavour also provides equity and bridge loans in support of clients, transactions, and other market opportunities. Accessing its global industry networks, Endeavour creates and launches new growth companies as both an advisor and investor. Endeavour Financial Corporation is listed on the Toronto Stock Exchange, symbol EDV. Warrants are listed on the Toronto Stock Exchange, symbol EDV.WT.A. For additional information, please visit our corporate website, www.endeavourfinancial.com On behalf of Endeavour Financial Corporation "Bill Koutsouras" Bill Koutsouras Executive Vice President & Chief Financial Officer The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of Endeavour Financial Corporation. Forward-looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Corporation's filings with the appropriate securities commissions. For additional information, contact: Dr. Sally Eyre Director Marketing & Business Development (604) 609-6129 or Vanguard Shareholder Solutions 1-866-341-4111 or (604) 608-0824

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