Endeavour Silver Reports Exploration Review and Outlook

VANCOUVER, BC - Endeavour Silver Corp. reported that for the fifth consecutive year, the Company's exploration drilling programs in Mexico met with continued success, highlighted by the discovery of several new, high grade silver-gold mineralized zones near Endeavour's two mining operations, Guanacevi in Durango State, and Guanajuato in Guanajuato State.
Stated Barry Devlin, Vice President of Exploration, "Endeavour's business model of acquiring fully built and permitted mines in historic silver districts that have run out of ore but were never fully explored requires us to bring the capital and expertise needed to explore for and discover new high grade silver-gold ore-bodies. Last year, our talented exploration team once again delivered several exciting new discoveries, some of which will be included in our next NI 43-101 reserve/resource estimate."
"In 2008, Endeavour drilled 41,160 meters (135,000 feet) in 172 drill holes testing 14 exploration targets in order to replace mine reserves and expand silver resources. At Guanacevi, one of our new finds are exciting new silver-lead-zinc manto zones that are still in the early stages of exploration drilling. At Guanajuato, another of our new discoveries is a high grade silver-gold vein close to some old mine workings that was found by two drill holes in Q3, 2008, accessed by a new underground crosscut in Q4, 2008, and developed into production in January. Our ability to go from discovery to production within 6 months is strong validation of our business model."
The company's address is 301-700 West Pender Street, Vancouver, BC V6C 1G8, 604.685.9775, fax: 604.685.9744.