Endeavour Mining and Adamus Resources Complete Merger

    




 Toronto Stock Exchange: EDV            Australian Securities Exchange:  EVR 

 MONACO AND PERTH, Western Australia, Dec. 19, 2011 /CNW/ - Endeavour  Mining Corporation ("Endeavour" or the "Corporation")   and Adamus Resources Limited ("Adamus")    are pleased to announce the successful completion of the scheme of  arrangement ("Merger") by which Endeavour has acquired all of the  issued ordinary shares of Adamus.  As of today, and including the  129,340,958 shares issued as consideration under the Merger for the  former shareholders of Adamus, Endeavour has 244,609,949 shares issued  and outstanding.  Endeavour is also pleased to announce that Ian  Cunningham, the Company Secretary of Adamus, has also been appointed as  Corporate Secretary of Endeavour. 

 Confirmations of holdings will shortly be sent to the former Adamus  shareholders receiving the Merger consideration in the form of CHESS  Depository Interests ("CDIs") or shares. 

 The Endeavour CDIs will commence trading on a normal settlement basis on  the ASX from the start of trading on December 20, 2011 and the ASX will  remove Adamus from the official list from the close of trading on  December 20, 2011 (in both cases, Australian Eastern Daylight Time). 

 About Endeavour Mining Corporation 

 Endeavour is a growth focused West African gold production and  exploration company led by an accomplished management team.  With  attributable reserves totalling 2.0 million ounces, Endeavour is  currently producing gold at a rate of 180,000 ounces per year from two  operating mines (Nzema in Ghana and Youga in Burkina Faso).  With a  near-term mine construction decision (Agbaou, Côte d'Ivoire) and an  extensive 2012 exploration program, Endeavour's goal is to produce  approximately 250,000 ounces of gold per year from the end of 2013 from  existing properties.  Endeavour also has an acquisition growth strategy  focused on West Africa and is targeting the acquisition of additional  gold production by the end of 2013. 

 Endeavour Mining Corporation is listed on the TSX (symbol EDV) and the  ASX (symbol EVR). 

 On behalf of Endeavour Mining Corporation and Adamus Resources Limited 

  





    "Neil Woodyer"                                                       "Mark
                                                                         Connelly"
    Neil Woodyer
    Chief Executive Officer                                              Mark
    Endeavour Mining Corporation                                         Connelly
                                                                         Director
    Endeavour Mining Corporation                                         Adamus
    PO Box 1793 ∙ Cayman Corporate Centre ∙ 1st Floor        Resources
    27 Hospital Road                                                     Limited
    George Town ∙ Grand Cayman KY1 1109 ∙ Cayman Islands
    Tel: [phone] ∙ Fax: [phone]                    Adamus
    www.endeavourmining.com Resources
                                                                         Limited
                                                                         Level 2
    A Cayman Islands exempted company with limited liability             ∙ 45
    ARBN 153 067 639                                                     Richardson
                                                                         Street
                                                                         West Perth
                                                                         ∙
                                                                         Western
                                                                         Australia
                                                                         6005
                                                                         Tel: +61 8
                                                                         9322 5943
                                                                         ∙
                                                                         Fax: +61 8
                                                                         9322 5907
                                                                         ABN 80 094
                                                                         543 389






 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. 

  

   

   

Endeavour Mining Corporation


CONTACT:  Stephen Roberts, Senior Vice President - Investor Relations [phone], [e-mail] Shareholder Solutions [phone] or [phone], [e-mail] 


    

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