Three Silver Mines In Durango State Set New Production Records

VANCOUVER, BC - Endeavour Silver Corp. reported that the Company set new records for silver and gold production from the Company's three operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State.

Silver production in the First Quarter, 2013 was up 39% to 1,489,746 oz and gold production was up 138% to 15,032 oz compared to the First Quarter, 2012. Revenues were up 42% to US$69.9 million thanks to the increased metal production and some sales of accumulated concentrate, partly offset by lower metal prices.

Godfrey Walton, President and COO, commented, "Endeavour's mining operations enjoyed a good start to 2013 with record quarterly silver and gold production in the First Quarter, 2013. Guanacevi rebounded from a slow start with better than planned silver grades and recoveries thanks to the commencement of production at the Porvenir Cuatro mine. Bolanitos continued to exceed expectations with higher than planned mine output, the extra ore being processed at the leased Las Torres plant near El Cubo and the extra concentrates being sold thanks to two new concentrate sales contracts. El Cubo continued to improve with higher production tonnes and grades compared to Q4, 2012."

Endeavour is also pleased to announce that it has successfully concluded the annual renegotiation of the collective bargaining agreement covering its union employees of Compania Minera del Cubo SA de CV at the El Cubo mine in Guanajuato State, Mexico.