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Endomines has now, in accordance with the Letter of Intent that was announced in November 2017, entered into a share purchase agreement (the “SPA”) regarding all shares in TVL Gold, the US mining company that owns the five gold projects in Idaho, USA that Endomines intends to develop and start production at, in accordance with what previously has been announced.

The total purchase price for TVL Gold has now been agreed at 31.25 MUSD. As previously announced, one third of the purchase price will be paid in cash and two thirds will be paid by a convertible loan. Closing of the acquisition is expected to take place during Q1 2018.

Completion of the transaction is, according to the SPA, conditional inter alia upon that sufficient financing is obtained through the rights issue that Endomines will carry out in January 2018 and that customary conditions precedent are fulfilled, including that there has been no breach of the warranties in the SPA before closing.

For more information on TVL Gold and the acquisition and therewith related transactions, please see previous press releases and also the prospectus that Endomines, relating to its rights issue, expects to make public later today, 11 January 2018.

For further information, please contact:

Saila Miettinen-Lähde

CEO Endomines AB

Phone: +358-40 548 3695

Or visit:

This information is information that Endomines AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:45 CET on 11 January 2018.

About Endomines

Endomines AB is a mining and exploration company with its primary focus on gold. The Company operates a gold mine in Pampalo and has exploration activities more broadly along the Karelian Gold Line in Eastern Finland. Endomines aims to improve its long-term growth prospects by increasing its exploration activities and through acquisitions. Endomines aims to acquire deposits that are situated in stable jurisdictions and can be brought to production rapidly with limited investments.

The shares trade on Nasdaq Stockholm (ENDO) and Nasdaq Helsinki (ENDOM).