Endeavour Mining Corporation Shareholders Approve Merger with Adamus Resources Limited

    




 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES 

 PERTH, Western Australia, Nov. 28, 2011 /CNW/ - On 22 August 2011,  Adamus Resources Limited    (Adamus) and Endeavour Mining Corporation  (Endeavour) announced their intention to merge through an all-stock merger of  equals, to be implemented as a scheme of arrangement under the Corporations Act 2001 (Cth) (Scheme). 

 The merger between Adamus and Endeavour requires a number of conditions,  set out in the scheme booklet, to be satisfied, which include approval  by a simple majority of Endeavour shareholders of the issuance of the  scheme consideration to Adamus shareholders (Share Issuance Resolution) in accordance with applicable TSX requirements.  Adamus is pleased to  advise that on 25 November 2011, at a special meeting of Endeavour's  shareholders, the Share Issuance Resolution was overwhelmingly  approved.  The full announcement made by Endeavour is attached. 

 Adamus' scheme meeting, at which it will be seeking shareholder approval  for the merger, is scheduled to be held at 10.00am today (WST) at The  Melbourne Hotel, 942 Hay Street, Perth, Western Australia 6000.   Results will be made available following the meeting. 

 Endeavour Mining Shareholders Approve Merger With Adamus 

 November 25, 2011  

 Toronto Stock Exchange: EDV  

 George Town, Grand Cayman, November 25, 2011 - Endeavour Mining  Corporation ("Endeavour" or the "Corporation")  is pleased to  announce that, at a special meeting ("Meeting") of the Corporation's  shareholders held earlier today, the Share Issuance Resolution in  connection with the merger between Endeavour and Adamus Resources  Limited ("Adamus")  (the "Merger") was overwhelmingly approved  with 99.59% approval from shareholders represented at the Meeting. Of  the Corporation's 114,674,946 issued and outstanding shares as of the  October 17, 2011 record date, 63,224,088 shares were represented at the  Meeting. 

 The completion of the Merger remains subject to approval from Adamus  shareholders at a meeting scheduled to be held on November 28, 2011 in  Perth, Australia and from the Federal Court of Australia at a hearing  scheduled for December 2, 2011. 

 Neil Woodyer, CEO, stated: "We thank our shareholders and appreciate the  strong support demonstrated by them at today's meeting. In the three  months since announcing the merger with Adamus, the management teams  from Endeavour and Adamus have been working very well together. We are  looking forward to integrating our plans and are excited about the new  Endeavour driving increased value for shareholders as a rapidly growing  gold producer." 

 About Endeavour Mining Corporation 

 Endeavour is a gold producer. Endeavour also holds an extensive  exploration land position and various advanced-stage development gold  projects in West Africa. Endeavour has a global strategy, supported by  financial resources and management's company building expertise, to  grow into an intermediate gold producer through strategic acquisitions.  On August 21, 2011, Endeavour and Adamus announced they have entered  into a definitive Merger Implementation Agreement to combine through an  all-stock merger of equals transaction creating a new growth focused  West African gold producer. 

 The common shares of Endeavour Mining Corporation are traded on the  Toronto Stock Exchange under the symbol "EDV". 

 On behalf of Endeavour Mining Corporation 

 "Neil Woodyer" 

 Neil Woodyer Chief Executive Officer 

 The Toronto Stock Exchange has not reviewed and does not accept  responsibility for the adequacy or accuracy of this release. The  foregoing information may contain forward-looking information relating  to the future performance of Endeavour Mining Corporation.  Forward-looking information, specifically, that concerning future  performance, is subject to certain risks and uncertainties, and actual  results may differ materially. These risks and uncertainties are  detailed from time to time in the Corporation's filings with the  appropriate securities commissions. 

 For additional information, contact: 

 Stephen Roberts, Senior Vice President - Investor Relations (604)  609-6130, [e-mail] or Vanguard Shareholder Solutions 1-866-341-4111 or [phone], [e-mail] 

Adamus Resources Limited


CONTACT:  Mr Ian Cunningham - Company Secretaryon [phone] 


    

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