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Press release from CNW Group

ENDEAVOUR IS FINANCIAL ADVISOR ON BAJA MINING'S US$858 MILLION FINANCING FACILITY FOR THE DEVELOPMENT OF THE BOLEO PROJECT

Thursday, September 30, 2010

ENDEAVOUR IS FINANCIAL ADVISOR ON BAJA MINING'S US$858 MILLION FINANCING FACILITY FOR THE DEVELOPMENT OF THE BOLEO PROJECT19:04 EDT Thursday, September 30, 2010 Toronto Stock Exchange: EDV GEORGE TOWN, Grand Cayman, Sept. 30 /CNW/ - Endeavour Mining Corporation ("Endeavour") is pleased to announce the role of its subsidiary, Endeavour Financial International Corporation ("EFIC"), as Financial Advisor for US$823 million of senior and subordinated project finance facilities (the "Debt Facilities") and a US$35 million equity convertible cost overrun support facility (the "Equity Convertible") for the construction and development of the Boleo copper/cobalt project in Baja California Sur, Mexico.  EFIC is advising Baja Mining Corp.'s ("Baja") 70% owned project company, Minera y Metalurgica del Boleo S.A. de C.V. ("MMB").  MMB is 30% owned by a consortium of major Korean corporations. David Street, Managing Director of Debt Finance stated, "Endeavour wishes to congratulate Baja and its management team, and we are very proud of our contribution to their success with this financing.  Financing conditions remain challenging for large greenfield projects, but Boleo is a very strong project and we have managed to attract a very high quality banking consortium for this financing." The US$823 million of Debt Facilities, representing the entire amount of debt financing required to develop the Boleo Project, will be provided to MMB by The Export-Import Bank of the United States, Export Development Canada, The Korea Development Bank, and by a group of commercial banks comprised of Barclays Capital (the investment banking division of Barclays Bank PLC), Standard Bank Plc, Standard Chartered Bank, UniCredit Bank AG and WestLB AG. EFIC structured and negotiated the Equity Convertible entered into by Baja with Louis Dreyfus Commodities ("Louis Dreyfus").  The facility is made available by way of letter of credit which, if called, converts into common shares of Baja.  In support of the Debt Facilities the Endeavour team also negotiated long-term copper and cobalt offtake arrangements with Louis Dreyfus. For additional information on this transaction, please refer to Baja Mining Corp.'s press release of September 29, 2010. 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.  Through its Financial & Treasury Services group, Endeavour also offers financial advice (debt, equity, M&A and strategic business development) to clients. 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">Stephen Roberts, Director -- Investor Relations (604) 609-6130<br/>email: <a href="mailto:sroberts@endeavourmining.com">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/><a href="null">email:</a><a href="mailto:investor@endeavourmining.com">investor@endeavourmining.com</a></p>