Endeavor Announces Scheme Settlement

ENDEAVOR ANNOUNCES SCHEME FROM PACKAGE
IS BECOMING EFFECTIVE

London, June- 11, 2021 Endeavor Mining (TSX: EDV, LSE: EDV, OTCQX: EDVMF) announces that the agreement to establish Endeavor Mining plc as the parent company of the Endeavor Mining group (the Scheme) has now come into effect.

Each shareholder in Endeavor Mining Corporation has received one share in Endeavor Mining plc for each share then held in Endeavor Mining Corporation at the time of the Scheme taking effect. The entire issued share capital of Endeavor Mining Corporation has been transferred to Endeavor Mining plc.

The admission of the shares of Endeavor Mining plc to listing on the premium segment of the Official List of the Financial Conduct Authority and admission to trading on the London Stock Exchange is expected to take place on 14 June at 8:00 am (BST) , 2021. To facilitate the settlement of outstanding transactions in shares in Endeavor Mining Corporation, trading in the shares of Endeavor Mining plc is expected to begin on the Toronto Stock Exchange (TSX) at 9:30 a.m. (ET) on June 16, 2021. in the shares of Endeavor Mining Corporation will continue on the TSX until then.

Shares of Endeavor Mining plc will trade on both exchanges under the ticker symbol EDV.

CONTACT DETAILS

ABOUT ENDEAVOR MINING PLC

Endeavor is one of the world’s senior gold producers and the largest in West Africa, with assets in Senegal, Ivory Coast and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly promising unitary Greenstone Belt through West Africa.

As a member of the World Gold Council, Endeavor is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities in which it operates. Endeavor is listed on the Toronto Stock Exchange, under the symbol EDV.

For more information, visit www.endeavourmining.com.

PRECAUTIONS REGARDING FORWARD-LOOKING INFORMATION:

This press release contains statements that constitute forward-looking information within the meaning of applicable securities laws, including but not limited to statements regarding Endeavor’s plans, intentions, beliefs and current expectations with respect to future business and performance. Forward-looking information is often referred to by the words could, would, would, intend, plan, anticipate, believe, estimate, expect or similar expressions and includes information about Seeks expectations of the benefits of a premium UK listing with shares traded on the LSE, including deeper access to a diverse investor pool with an understanding of key operating jurisdictions in West Africa and increased demand for its shares on the assumption that it will qualify for inclusion in the FTSE UK Index Series and the MSCI Europe Index, Seeks the ability to create long-term sustainable shareholder value, the potential for sustained or future dividends, the approval of the proposed Admission by the FCA and the LSE and the anticipated timing of the FCA approval of the Admission; and admission to listing and placement for trading on the Toronto Stock Exchange.

Investors are cautioned that forward-looking information is not based on historical facts, but instead reflects Endeavor’s management’s expectations, estimates or projections with respect to future results or events based on management’s opinions, assumptions and estimates be considered reasonable on the date the statements are made. While Endeavor believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and such information should not be undone, as unknown or unpredictable factors could have a material adverse effect on future results, achievements or achievements of Endeavour. This forward-looking information may be affected by risks and uncertainties in Endeavor’s business and market conditions.

This information is qualified in its entirety by warnings and disclosures of risk factors contained in Endeavor’s filings with Canadian securities regulators, including Endeavor’s annual disclosure form for the fiscal year ended December 31, 2020 and financial statements and related MD&A for the fiscal year ended December 31, 2020, filed with securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

If one or more of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking information prove to be incorrect, actual results could differ materially from those described herein, as intended, planned, expected, assumed, estimated or expected. While Endeavor has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that could cause results not to be as expected, estimated or intended. Endeavor does not intend, and doesit is undertake no obligation to update this forward-looking information, unless otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada assumes any responsibility for the suitability or accuracy of this press release.

• Scheme of control Effective