Resolute Mining Limited — Capital/Financing Update 2012

Mar 6, 2012

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ENDEAVOUR MINING SELLS 40% INTEREST IN FINKOLO JV FOR US$20 MILLION CASH

Toronto Stock Exchange: EDV

Australian Securities Exchange: EVR

M onaco, Ma r ch 6, 2012 – Endeavo u r Mining C o rporation (“Endeavour” or the “C o rporation”) ( T SX:EDV, AS X :EVR) is pleased to anno u nce it has entered into a definitive agreement with Resolute M ining Limite d (“Resolute ” ) (ASX:RSG) f or the sale and transfer o f its 40% in t erest in the licenses and a s sociated property com p rising the F inkolo Join t Venture (the “Finkolo JV”) in Mali for total c o nsideration of $20 milli o n in cash. T he Finkolo J V was form e d in 2003 by Etruscan Resources (a s u bsidiary of E ndeavour) and Resolute, which is als o the JV ope r ator. The transaction is s ubject to a number of c o nditions, in c luding appr o val from t h e Governm e nt of Mali for the transfer of the e x ploration p e rmits and therefore End e avour antici p ates the tra n saction to b e completed by the end o f Q2 2012.

Neil Woodyer , CEO, stated “ The $20 m i llion of cash proceeds fr o m the sale o f our 40% in t erest in the F i nkolo JV all o ws us to inc r ease our foc u s on our gr o wing number of wholly-owned projec t s where we s e e greater p o tential to ad d shareholde r value.”

E n deavour re t ains over 1,000 km[2] of properties w ithin Mali and its $30 m illion 2012 exploration program inclu d es $2 million committed to the prop e rties in southern and western Mali (s e e figures 1 a n d 2). The p r operties in southern Mal i cover 22 k m of the Sya m a Shear Zon e which host s the Syama m ine and Tab a koroni dep o sit. Endeav o ur’s proper t ies in weste r n Mali cove r a 17 km portion of the S e negalo-Malian Fault whi c h hosts Anglogold Ashan t i/Iamgold’s S adiola and Yatela mines a nd also the L o ulo mine operated by Randgold. End e avour’s 201 2 work prog r ams in Mali include 14,0 0 0 metres of drilling plus a u ger, mappin g , prospectin g and pitting. Figure 1 – Endeavour’s properties in southern Mali along Syama Shear Zone (and in neighbouring Côte d’Ivoire)

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Figure 2 – Endeavour’s properties in western Mali along Senegalo-Malian Shear

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About Endeavour Mining Corporation

E n deavour is a growth fo c used West A frican gold production a nd explora t ion compan y led by an a c complished managemen t team. End e avour is cur r ently produ c ing gold at a rate of 180 , 000 ounces per year from two operati n g mines (Nz e ma in Ghan a and Youga in Burkina F a so) and has a near-term m ine constru c tion decisio n (Agbaou i n Côte d’Ivoire) and an e xtensive 2012 explorati o n program underway. E n deavour’s g o al is to pro d uce approxi m ately 250,000 ounces o f gold per year from the end of 2013 f r om existing properties. E ndeavour al s o has an ac q uisition gro w th strategy focused on W est Africa a n d is targetin g the acquisition of additi o nal gold pro d uction befo r e the end of 2013. E n deavour Mi n ing Corpora t ion is listed o n the TSX (s y mbol EDV) a nd ASX (symbol EVR).

O n behalf of Endeavour Mining Corporation

“ N eil Woodye r ”

Neil Woodyer Chief Executiv e Officer

T h e Toronto Sto c k Exchange has not reviewed and does not accept respon s ibility for the a dequacy or a c curacy of this r e lease. The foregoing inform a tion may con t ain forward-lo o king informat i on relating to the future p e rformance of E n deavour Minin g Corporation. Forward-lookin g information, specifically, that concerning fut u re performanc e , is subject to c e rtain risks and uncertainties, a n d actual result s may differ materially. These r isks and uncert a inties are detailed from time t o time in the Co r poration’s filin g s with the appr o priate securiti e s commissions.

F o r additional inf o rmation, contact:

S t ephen Roberts, Vice President – Investor Relat i ons, +1 604 60 9 6130, sroberts @ endeavourmi n ing.com D a vid Ikin, Professional Public Relations, +61 8 9 3 88 0944, david . ikin@ppr.com. a u Florence Liberski, Renmark Financial Communications, +1 514 9 3 9 3989 or +1 4 1 6 644 2020, fli b erski@renmar k financial.com