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Press release from CNW Group

ENDEAVOUR COMPLETES WARRANT SALE IN RESPECT OF FORMER U.S. HOLDERS OF THE ETRUSCAN WARRANTS EXPIRING AUGUST 2011

Monday, September 27, 2010

ENDEAVOUR COMPLETES WARRANT SALE IN RESPECT OF FORMER U.S. HOLDERS OF THE ETRUSCAN WARRANTS EXPIRING AUGUST 201117:14 EDT Monday, September 27, 2010 Toronto Stock Exchange: EDV GEORGE TOWN, Grand Cayman, Sept. 27 /CNW/ - Endeavour Mining Corporation ("Endeavour") is pleased to announce that Computershare Investor Services Inc. (the "Depositary") has advised Endeavour that the warrant sale on behalf of all former U.S. holders of Etruscan Resources Inc. ("Etruscan") CDN$1.85 warrants exercisable into one Etruscan share expiring August 6, 2011 (now the "Endeavour C Warrants") has been completed.  Accordingly, all former U.S. holders of these warrants are encouraged to complete their letters of transmittal (available at Etruscan's profile on www.sedar.com) and return their letters of transmittal along with underlying warrant certificates to the Depositary in order to receive their consideration pursuant to Endeavour's acquisition of Etruscan (the "Etruscan Acquisition"). The existing Endeavour C Warrants entitle their holders, on payment of the exercise price of CDN$1.85, to receive 0.0932 Endeavour common shares plus CDN$0.26 in cash.  Accordingly, 10.73 Endeavour C Warrants plus CDN$19.85 in cash entitles Endeavour C Warrantholders to receive one Endeavour common share plus CDN$2.79 in cash, resulting in an effective net strike price per Endeavour share of CDN$17.06.  Former U.S. holders of these Etruscan warrants do not need to exercise their warrants to receive the proceeds from the Depositary's sale of these warrants, but they do need to complete the letters of transmittal described above. In addition, the Depositary continues to sell warrants on behalf of all former U.S. holders of Etruscan CDN$4.00 warrants exercisable into one Etruscan share expiring November 2, 2010 (now the "Endeavour B Warrants").  The Endeavour B Warrants entitle their holders, on payment of the exercise price of CDN$4.00, to receive 0.0932 Endeavour common shares plus CDN$0.26 in cash.  Accordingly, 10.73 Endeavour B Warrants plus CDN$42.92 in cash entitles Endeavour B Warrantholders to receive one Endeavour share plus CDN$2.79 in cash, resulting in an effective net strike price per Endeavour share of CDN$40.13.  Endeavour will provide an update on the sale or expiry of the Endeavour B Warrants, as circumstances permit. Important Notice to U.S. Shareholders Due to U.S. securities law considerations, Endeavour did not offer or distribute its securities in the United States or to, or for the account or benefit of, U.S. Persons or persons in the United States ("U.S. Holders") in respect of the Etruscan Acquisition, except in very limited circumstances.  U.S. Holders of Etruscan warrants are not entitled to receive Endeavour shares and will instead receive the pro rata cash proceeds of the sale of such warrants by the Depositary.  The Depositary has now effected the sale of all Endeavour C Warrants through the facilities of the Toronto Stock Exchange.  Endeavour will pay the costs and fees of the Depositary and brokers in connection with such sales. Payment to the U.S. Holders of these warrants will be based on the average sale price received for such sales. A letter of transmittal was mailed on September 10, 2010 to all registered Etruscan warrantholders and is also available at Etruscan's profile at www.sedar.com or by contacting Endeavour directly.  All U.S. Holders of these warrants should return a completed letter of transmittal and the certificates formerly representing these Etruscan warrants together with such other documentation, if any, as provided for in the letter of transmittal to the Depositary at the address specified in the Letter of Transmittal (or give instructions to their broker to do so, if their warrants are registered in street form) as soon as possible, in order to receive their cash payment representing their pro rata interest in the proceeds from the sale of such Endeavour C Warrants. About Endeavour Mining Corporation Endeavour is a gold producer.  Endeavour also holds an extensive exploration land position and various advanced-stage development gold projects in West Africa.  Endeavour has a global strategy, supported by financial resources and management's company building expertise, to grow into an intermediate gold producer through strategic acquisitions. The common shares of Endeavour Mining Corporation are traded on the Toronto Stock Exchange under the symbol "EDV". On behalf of Endeavour Mining Corporation "Bill Koutsouras" Bill KoutsourasExecutive 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 Mining 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 further information: <p align="justify">Bill Koutsouras, Executive Vice President and CFO +377 97 98 7130<br/>email: <a href="mailto:bkoutsouras@endeavourmining.com" cr="true">bkoutsouras@endeavourmining.com</a></p> <p align="justify">Stephen Roberts, Director -- Investor Relations +1 (604) 609-6130<br/>email: <a href="mailto:sroberts@endeavourmining.com" cr="true">sroberts@endeavourmining.com</a></p> <p align="justify">or</p> <p align="justify">Vanguard Shareholder Solutions 1-866-341-4111 or (604) 608-0824<br/>email: <a href="mailto:investor@endeavourmining.com" cr="true">investor@endeavourmining.com</a></p>