As of October 31, 2014

Category Tonnes Ag g/t Au g/t Ag oz Au oz Aq Eq
Indicated 1,861,000 119 2.38 7,147,300 142,500 15,697,300
Inferred 154,000 94 2.14 464,600 10,600 1,100,600

1. Minimum width is 2.0 metres
2. Dilution is 15% after it has been diluted to a minimum mining width if required
3. Silver equivalents are calculated using a 60:1 ratio of silver to gold
4. Resource cut off for the Guadalupe y Calvo property is 100 g/t Ag equivalent

The Qualified Person for the Mineral Resource and Reserve Estimates was Mike Munroe, BSc, MSc, SME Registered Member 4151306RM.  The reports for Guanaceví, Bolañitos, El Cubo and San Sebastián will be completed and filed on SEDAR by April 10, 2014. The Guadalupe y Calvo report was authored by Charley Murahwi, M.Sc., P.Geo, FAusIMM and Alan San Martin, MAusIMM(CP) and previously filed on SEDAR in March 2013. The Arroyo Seco report was authored by David St. Clair Dunn B.Sc., P.Geo and Barry Devlin M.Sc., P. Geo, both of whom are Qualified Persons, and the report was previously filed on SEDAR in March 2011.

Godfrey Walton, M.Sc., P.Geo. President and COO of Endeavour, is the Qualified Person who reviewed and approved the technical information contained here.

These reserve and resource statements were classified following the definitions and guidelines of the Canadian Institute of Mining, Metallurgy and Petroleum CIM standards and definitions on Mineral Resources and Reserves and the guidelines of NI 43-101.