New Silver-Gold Mineralization Intersected At El Cubo

VANCOUVER, BC - Endeavour Silver Corp. reported that exploration drilling at the Company's El Cubo mine in Guanajuato State, Mexico has intersected high grade gold-silver mineralization in two veins near historic mine workings in the Asuncion area of the Villalpando vein system.

Drilling intersected strong mineralization in both the Villalpando vein and the Asuncion vein. Drilling highlights include 375 grams per tone (gpt) silver and 1.80 gpt gold over 4.14 meters (m) true width, or 14.1 ounces per ton (opt) silver equivalents over 13.6 feet (ft), in hole CAS-6, including 768 gpt silver and 2.69 gpt gold over 0.49 m true width, or 27.1 opt silver equivalents over 1.6 ft.

The new mineralized zones extend about 200 m long by 100 m deep, and have already been accessed by an underground crosscut from the historic workings. Fast track mine development is now underway to better define these mineralized veins and exploration drilling is expected to resume this month.

Luis Castro, Vice President of Exploration, commented, "The discovery of these two mineralized veins near the historic Asuncion mine workings at El Cubo represents our first exploration success since acquiring the El Cubo mine last year, and validates our view that the exploration potential for new discoveries at El Cubo is very high."