Mediaboss Marketing

GEORGE TOWN, Cayman Islands, May 8, 2012 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX: EDV.TO - News) (ASX: EVR.AX - News) (OTCQX: EDVMF.PK - News) is pleased to report the financial and operational results for the first quarter of 2012. Endeavour's two operating mines exceeded guidance by producing 49,531 ounces during the quarter at a cash cost (excluding royalties) of $664 per ounce produced.

Neil Woodyer, CEO, stated

"This was a very successful first full quarter as a merged company. Our mines produced over 49,000 ounces and delivered $38.9 million of cash margin. Recent exploration successes are demonstrating the upside potential at our operations. We are making steady progress advancing our construction-ready Agbaou project including discussions with the Cte d'Ivoire government to obtain our mining permit and, in parallel, we are finalizing the EPCM contractor selection. Endeavour is focused on continuing to deliver and achieve its growth objectives."

(All amounts in US dollars unless otherwise indicated)

First Quarter 2012 Financial and Operational Highlights

First Quarter 2012 Financial and Operational Highlights (con't)

Financial Statements and related MD&A will be available on SEDAR, the ASX website, OTC Markets website, and in the Investor Relations section of Endeavour's website http://www.endeavourmining.com.

In order to access the Corporation's financial statements directly, please click the following URL: http://files.newswire.ca/910/EDV_05082012.pdf

Mark Connelly, COO, stated

"The strong first quarter continues Endeavour's +2 year successful performance track record, and gives us a great start to deliver our full year production guidance of 170,000 to 190,000 ozs at $645 to $685 cash cost per ounce. Beyond the solid performance at our two mines, we are focused on completing the final steps in preparation for building our next mine, the Agbaou Gold Project in Cte d'Ivoire. We are nearing completion of our Agbaou engineering optimization studies that take into account our improved mineral resources/reserves from the successful drilling campaigns of 2010 and 2011 as well as updated capital and operating costs. This NI 43-101 technical report is scheduled to be ready within the next few weeks."

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Endeavour Mining Delivers Strong First Quarter Results Including 49,531 ozs Gold Produced