Strate­gy Updated and Manage­ment Team Expan­ded

Endomines is on the brink of a new growth phase, and our aim is to press the accelerator even harder. Our board has approved the company’s long-term business targets and updated strategy for 2025–2029.

Endomines’ long-term targets:

• 1.5–2.0 million oz gold resources will be defined on the Karelian Gold Line by the end of 2030.
• Annual gold production level of 70,000-100,000 ounces around 2030.
• Initiation of production of tungsten, a critical mineral listed by the EU, and molybdenum, an important industrial mineral, around 2030.
• Fossil-free gold production by 2035.

Endomines’ updated strategy for 2025–2029:

• Pampalo production is the engine of our performance and future scale
• Exploration enables the long-term growth in production volumes.
• Critical minerals at Karelian Gold Line is our emerging exploration area.
• Financial stability supports our growth phase.
• Sustainability is the backbone of all our operations.

“We are now entering a new phase aimed at significant expansion of operations by around 2030. The goal is to achieve substantial growth in gold production through the new Southern Gold Line production facility or the expansion of Pampalo’s operations. With this expansion, we aim for a 500–700% increase in gold production compared to the 2024 production level. In the new strategy, we have also elevated the EU-listed critical minerals as a research area alongside gold in the Karelian Gold Line,” says CEO Kari Vyhtinen.

Communications and Sustainability Join the Management Team

To support the implementation of the new strategy, Endomines is expanding its management team. In May, Chief Communications Officer Anni Turpeinen and Chief Sustainability Officer Hanne Mäkelä, who joined the company on May 12, 2025, were appointed to the management team.

In addition to CEO Kari Vyhtinen, the management team continues to include CFO Minni Lempinen, COO Ilkka Räty, CDO Sampo Hirvonen, and Jani Rautio. Jani Rautio’s role changes from Chief Geologist to CTO. Rautio’s new role allows him to influence long-term production plans and development projects, in addition to exploration.

“The expanded management team brings diversity to our operations and strengthens the company’s overall capabilities. Sustainability is a central part of our strategy, and Hanne’s extensive experience in implementing sustainability programs enables the smooth integration of sustainability goals into our expansion projects. Additionally, Hanne is responsible for the company’s human resources, and her experience will provide additional expertise in developing employee well-being. Communication is an extremely important part of the operations of a listed, responsibly operating company, and Anni’s appointment to the management team is a natural continuation of the well-executed communication work,” says Vyhtinen.

For more information on Endomines’ updated strategy and long-term goals, please refer to the stock exchange release published today and the recording of the webcast briefing can be found on our website: https://endomines.com/en/for-investors/reports-and-presentations/