Published

07 Jun 2022

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ENDEAVOUR ANNOUNCES CONTINUATION

OFSHARE BUYBACK PROGRAMME

London,7June 2022 – Endeavour Mining plc (“Endeavour”) (LSE:EDV, TSX:EDV, OTCQX:EDVMF) announces that following the annual approval of the shareholder buyback programme by shareholders at its AGM, Endeavour has renewed its share buyback agreement with Stifel Nicolaus Europe Limited (“Stifel”) in relation to its previously announced share repurchase programme which is implemented on the Toronto Stock Exchange through Endeavour’s Normal Course Issuer Bid programme (the “Programme”).

This share buyback agreement will allow for the purchase of shares of Endeavour by Stifel, who will continue to conduct the Programme on Endeavour’s behalf. Under the agreement, Stifel will be able to make trading decisions under the Programme independently of Endeavour, subject to certain trading parameters, enabling Stifel to make share purchases at times when Endeavour ordinarily would not be active in the market due to regulatory restrictions, self-imposed trading blackouts or otherwise. Outside of these periods, shares may be purchased by Stifel in accordance with management’s discretion and in compliance with applicable law.

Endeavour intends that shares repurchased under the Programme will subsequently be cancelled. Any share repurchases will be effected in accordance with Chapter 12 of the Listing Rules and the EU Market Abuse Regulation 596/2014. The market will be notified in accordance with those rules if and when purchases are made.

CONTACT INFORMATION

Endeavour Mining

Martino De Ciccio

VP – Strategy & Investor Relations

+44 203 640 8665

investor@endeavourmining.com

Vincic Advisors in Toront

John Vincic, Principal

+1 647 402 6375​​​​​​​

john@vincicadvisors.com

Brunswick Group LLP in London

Carole Cable, Partner

+44 7974 982 458

ccable@brunswickgroup.com

ABOUT ENDEAVOUR MINING PLC

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

For more information, please visit www.endeavourmining.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding Endeavour’s expectations regarding the benefits of a premium listing in the UK with shares traded on the LSE including deeper access to a diverse investor pool with strong understanding of its key operating jurisdictions across West Africa and increased demand for its shares on the assumption that it will qualify for inclusion in the FTSE UK Index Series as well as the MSCI Europe Index, Endeavour’s ability to create sustainable shareholder value over the long term and the potential for continued or future dividends.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Endeavour. This forward-looking information may be affected by risks and uncertainties in the business of Endeavour and market conditions.

This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Endeavour with the Canadian securities regulators, including Endeavour’s annual information form for the financial year ended December 31, 2021 and financial statements and related MD&A for the financial year ended December 31, 2021 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Endeavour has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Endeavour does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

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