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Press release from Marketwire

Endeavour Silver Closes Cdn.$53.6 Million Prospectus Offering

Wednesday, December 01, 2010

Endeavour Silver Closes Cdn.$53.6 Million Prospectus Offering09:16 EST Wednesday, December 01, 2010VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2010) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESEndeavour Silver Corp. ("Endeavour" or the "Company") (TSX:EDR)(NYSE Amex:EXK)(DBFrankfurt:EJD) is pleased to announce the completion of its prospectus offering announced on November 10, 2010 and the partial exercise of the over-allotment option for total gross proceeds of approximately Cdn.$53.6 million.Bradford Cooke, Chief Executive Officer stated: "We were happy to see such strong market support for this equity offering. The Company plans to use the net proceeds of the offering to fund Endeavour's capital projects and potential acquisitions and for general corporate purposes."The Company issued a total of 8,710,000 common shares of the Company at a price of Cdn.$6.15 per share. The offering was underwritten by CIBC, Salman Partners Inc., Haywood Securities Inc. and RBC Dominion Securities Inc. (collectively, the "Underwriters").The Underwriters received a cash commission equal to 5% of the gross proceeds of the offering.The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent an exemption from registration.Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of aggressive silver production and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition program should help Endeavour achieve its goal to become the next premier midtier primary silver producer.ENDEAVOUR SILVER CORP.BRADFORD COOKE, Chairman and CEOCautionary Note Regarding Forward-Looking StatementsThis news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation.Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such statements include comments regarding the use of proceeds from the offering. In addition, specific reference is made to "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Information Form dated March 19, 2010. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.FOR FURTHER INFORMATION PLEASE CONTACT: Hugh ClarkeEndeavour Silver Corp.Toll free: 877-685-9775 or (604) 685-9775(604) 685-9744 (FAX)hugh@edrsilver.comwww.edrsilver.com