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Press release from CNW Group

ENDEAVOUR MINING REPORTS POSITIVE EXPLORATION RESULTS AT YOUGA INCLUDING 5m at 24.9 g/t GOLD

Monday, January 24, 2011

ENDEAVOUR MINING REPORTS POSITIVE EXPLORATION RESULTS AT YOUGA INCLUDING 5m at 24.9 g/t GOLD09:00 EST Monday, January 24, 2011Toronto Stock Exchange: EDVGEORGE TOWN, Grand Cayman, Jan. 24 /CNW/ - Endeavour Mining Corporation ("Endeavour") is pleased to report positive results from exploration on its Youga Gold Mine located in Burkina Faso, West Africa.  The focused 2010 exploration campaign identified several new resource targets including the A2NE and LeDuc Zones.  These targets are located within the existing Youga Mine Permit and within 3 kilometres of the Youga Plant.Endeavour's Youga Gold Mine, which has been in production since 2008, produced 82,400 ounces of gold in 2010 and is targeting production of 84,000 ounces of gold in 2011.  Endeavour's on-going exploration focus is the addition of mineral reserves at Youga.  Building on the success of the 2010 Youga exploration campaign, Endeavour has expanded the program and committed a further US$10 million in 2011.A2NEThe A2NE target is located three kilometres to the northeast of the Youga plant. The 2010 program included reverse-circulation ("RC") and diamond drilling along a 350 metre strike.  All 52 holes intersected mineralization and were successful in establishing the continuity of the deposit.  Highlights of that drilling program are reported in Table 1.Results from the recently completed RC step-out drilling at A2NE reported several high-grade intersections including; YNRC-045 with 5m @ 24.9g/t including 1m @ 107g/t, YNRC-040 with 9m @ 4.8g/t including 3m @ 13.4g/t and YNRC-048 with 8m @ 1.5g/t including 1m @ 4.1g/t (see Table 2).These results represent an additional 300 metres of strike length on the western end of the portion of this deposit which is currently undergoing resource evaluation.Table 1 A2NE 2010 Drilling HighlightsHole IDTypeFrom(m)To(m)Interval(m)True Width(m)Au Grade(g/t)YNRC-003RC82820171.8Including 18224 4.6YNRC-014RC112716131.8Including 26271 16.4YNRC-020RC35451082.8Including 35394 5.3YNE-10-002DDH8.63122.4183.1Including 2122.51.5 18.6YNE-10-018DDH80833337.2Including 80811 104.0Table 2 A2NE 2010 Step-out Drilling HighlightsHole ID Type From(m)To(m)Interval(m)Au Grade(g/t)YNRC-039RC01129.9YNRC-040RC374694.8Including 3740313.4YNRC-044RC172365.3Including 172039.7YNRC-045RC5863524.9Including 61621107.0YNRC-048RC21081.5Including 6714.1Also 272817.2YNRC-052RC01117.1YNRC-053RC61157.5Including 811312.1*All intervals for the step out are reported as down hole lengths and are not corrected to true widths for the mineralized intervals.  Additional work is required to determine true widths.LeDucThe LeDuc target is situated three kilometres southwest of the Youga plant. The RC program on the LeDuc zone was only partially completed prior to the year-end break. Highlights from the reported intersections include; YLRC-008 with 20m @ 1.7g/t, YLRC-001 with 22m @ 1.0g/t including 2m @ 3.1g/t and YLRC-010 with 21m @ 1.1g/t (see Table 3). The completion of this program and follow up on the initial results is planned for 2011.Table 3 LeDuc 2010 Drilling HighlightsHole ID Type From(m)To(m)Interval(m)Au Grade(g/t)YLRC-001RC80102221.0Including 878923.1YLRC-002RC1530151.0Including 181912.4Also 93110171.1Including 939414.4YLRC-003RC823151.0Including 81022.7YLRC-008RC84104201.7YLRC-009RC8091110.9YLRC-010RC108129211.1*All intervals for the LeDuc drilling are reported as down hole lengths and are not corrected to true widths for the mineralized intervals.  Additional work is required to determine true widths.Accelerated Exploration Campaign at Youga Mine and Youga Gold Belt in 2011Building on the success of the 2010 Youga exploration campaign, Endeavour has committed a further US$10 million in 2011 to accelerate its exploration and resource delineation campaign with the objective of increasing mineral resources and reserves that will extend the Youga mine life.  The 2011 program includes in excess of 50,000 metres of combined RC and diamond drilling.Follow-up and infill drilling is currently underway on these new drill targets and additional mineral resources will be reported in during Q1 2011.Qualified PersonsK. Kirk Woodman, P.Geo., Head of Exploration is the Qualified Person overseeing Endeavour's exploration projects in West Africa and has reviewed and approved this press release.Adrian De Freitas, C.Eng., General Manager, Youga Mine is the Qualified Person overseeing production and development in West Africa and has reviewed and approved this press release.About Endeavour Mining CorporationEndeavour 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".For additional information, please visit our corporate website at www.endeavourmining.com.On behalf of Endeavour Mining Corporation"Bill Koutsouras"Bill KoutsourasExecutive Vice President & Chief Financial OfficerThe 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: Stephen Roberts, Senior Vice President -- Investor Relations, (604) 609-6130sroberts@endeavourmining.comorVanguard Shareholder Solutions, 1-866-341-4111 or (604) 608-0824email: investor@endeavourmining.com