This presentation provides an overview of Endeavour Mining Corporation, a gold mining company operating in West Africa. Endeavour has four operating mines producing 400,000-440,000 ounces of gold annually. It is developing the Houndé project in Burkina Faso which is expected to produce 180,000 ounces annually. The presentation discusses each of Endeavour's mines and projects, providing details on resources, reserves, production levels, costs, and workforce. It emphasizes the company's focus on safety, developing local workforces, and contributing to local communities.

1. GOLD PRODUCER  WEST AFRICA  CASH FLOW
Endeavour Management
Presentation
June 2014

2. Disclaimer & Forward Looking Statements
GOLD PRODUCER  WEST AFRICA  CASH FLOW 2
This presentation contains “forward-looking statements” including
but not limited to, statements with respect to Endeavour’s plans
and operating performance, the estimation of mineral reserves
and resources, the timing and amount of estimated future
production, costs of future production, future capital expenditures,
and the success of exploration activities. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as “expects”, “expected”,
“budgeted”, “forecasts” and “anticipates”. Forward-looking
statements, while based on management’s best estimates and
assumptions, are subject to risks and uncertainties that may
cause actual results to be materially different from those
expressed or implied by such forward-looking statements,
including but not limited to: risks related to the successful
integration of acquisitions; risks related
to international operations; risks related to general economic
conditions and credit availability, actual results of current exploration
activities, unanticipated reclamation expenses; changes in project
parameters as plans continue to be refined; fluctuations in prices
of metals including gold; fluctuations in foreign currency exchange
rates, increases in market prices of mining consumables, possible
variations in ore reserves, grade or recovery rates; failure of
plant, equipment or processes to operate as anticipated;
accidents, labour disputes, title disputes, claims and limitations on
insurance coverage and other risks of the mining industry; delays
in the completion of development or construction activities,
changes in national and local government regulation of mining
operations, tax rules and regulations, and political and economic
developments in countries in which Endeavour operates.
Although Endeavour has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-
looking statements. Please refer to Endeavour’s most recent
Annual Information Form filed under its profile at www.sedar.com
for further information respecting the risks affecting Endeavour
and its business.

3. GOLD PRODUCER  WEST AFRICA  CASH FLOW 3
Endeavour in West Africa
• West African gold producer with four operating mines
producing between 400,000 and 440,000 oz in 2014
• Potential to add ~180,000 oz/yr by advancing Houndé
project in Burkina Faso – now in permitting
• Reserves of 4 million ounces and Measured and
Indicated Resources over 6 million ounces
• Workforce of over 3,500 in four countries
• Focused on developing our local workforce and
contributing to the communities we operate in
• Strong commitment to Safety, Health and the
Environment
Endeavour has expertise in exploration, project
development, construction and operations

4. GOLD PRODUCER  WEST AFRICA  CASH FLOW 4
West African Projects
• Multiple operations, both open-pit and underground
• Accra-based operations management with:
– COO and senior operations team
– Group exploration
– CSR, HSE and HR
– Purchasing and group inventory

5. GOLD PRODUCER  WEST AFRICA  CASH FLOW 5
Company Profile
Capitalization Summary (May 31, 2014)
Shares in Issue 413,143,668
Options 24,977,544
Fully Diluted 438,121,212
Share Price (June 23, 2014)
Recent Share Price
CDN$0.85
AUD$0.80
Market Cap CDN$351 million
Av. daily shares traded for May
Canada TSE:EDV
Australia ASX:EVR
1.3 million
0.1 million
Shareholder Base
Institutions 60-65%
Retail 25-35%
Insiders/Management 3%

6. GOLD PRODUCER  WEST AFRICA  CASH FLOW 6
Growth Track Record - All in West Africa
2009 2010 2011 2012 2013 2014e
Focus
Selecting
targets
Growth through acquisitions
Optimization and
building Agbaou
Ready for new
opportunities
Production
Growth (ozs)
0 82,000 180,000 310,000 324,000 >400,000
2009 2010 2011 2012 2013 2014
Agbaou
Tabakoto
Nzema
Youga

7. GOLD PRODUCER  WEST AFRICA  CASH FLOW 7
Côte d’Ivoire – Agbaou Mine
• Agbaou ownership is 85% Endeavour, 10%
government of Côte d’Ivoire, 5% SODEMI
• Acquired through takeover of Etruscan
Resources in 2010
• Located 200 km from the port city of Abidjan
• Construction started August, 2012
• First gold pour was November 29, 2013
• Completed ahead of schedule and under
budget
• Invested $150 million in mine construction
• Fourth gold mine in Côte d’Ivoire (others are
Tongon, Bonikro, Ity) Agbaou
Abidjan
http://www.ginkgomaps.com/maps_cote_d_ivoire.html

8. GOLD PRODUCER  WEST AFRICA  CASH FLOW 8
Agbaou Mine – Strong Performer
• Quick and successful ramp up in late 2013
• Started full commercial production January, 2014
• Performing above plan:
– Higher than planned processed grades (approx. 5%
above plan)
– Mill throughput averaged 5,400 tpd over the two
month period, above design capacity
– Good recoveries (97% during Q1; forecast 93% long-
term)
• Average annual production of 100,000 ozs
• Strong cash flow generator due to:
– Access to low cost grid power ($0.085/kWh)
– Free dig ore in first few years
• Demonstrating strong, sustained performance:
− Produced 24,086 oz in Q1
Mining on North Pit of Agbaou
Truck Fleet at Agbaou

9. Agbaou Employment
• 555 Personnel On-site; including 340 contractors
• 94% of Work force is Ivorian
• Creation of indirect jobs – estimated at 10+
indirect jobs per direct job
• Training in safety, machine and equipment
operating, maintenance and administration
• Excellent safety record
GOLD PRODUCER  WEST AFRICA  CASH FLOW 9
Note: These statistics reflect current employment levels
and will change over time

10. GOLD PRODUCER  WEST AFRICA  CASH FLOW 10
Ghana – Nzema Mine
• Endeavour’s operation centre is based
in Accra and services the region
• Nzema mine ownership is 90%
Endeavour, 10% government of Ghana
• Nzema was acquired during takeover
of Adamus Resources in 2011
• Located 280 km from Accra, and 70 km
from Takoradi
Nzema
Accra
http://www.ginkgomaps.com/maps_ghana.html

11. GOLD PRODUCER  WEST AFRICA  CASH FLOW 11
Nzema Mine
• Mine was started in April 2011
• Average annual production of over 100,000 ozs
• Demonstrating strong, sustained performance:
• Produced 28,847 oz in Q1
• Workforce: 682, including 455 contractors; only 3
expats
Nzema Process Plant
Adamus Pit at Nzema

12. GOLD PRODUCER  WEST AFRICA  CASH FLOW 12
Mali – Tabakoto Mine
• Tabakoto ownership is 80% Endeavour,
20% government in Mali
• Located 360 km west of Bamako; within
17 km of the Senegal border
• Tabakoto acquired through takeover of
Avion Gold
• Endeavour’s investments include:
– Expanded plant capacity to 4,000 tpd
– Changed to owner mining in
Tabakoto underground
– Developing Segala underground
mine
– Kofi permitted and contributes to
Tabakoto production schedule Tabakoto
http://www.ginkgomaps.com/maps_mali.html

13. GOLD PRODUCER  WEST AFRICA  CASH FLOW 13
Tabakoto Mine Complex
• Endeavour continues to invest in mine
development at Tabakoto and Segala
underground mines
• Transition to owner mining at Tabakoto
is progressing well:
– Owner mining commenced effective
April 1st
– All underground activities now being
completed by Endeavour employees
– Retained over 300 employees from the
contractor for high level of workforce
continuity, and focus on training Malian
workforce
• Workforce of 1896; including 558
contractors
Tabakoto Underground Mine
Longitudinal Section Facing North East
• Production is transitioning from:
H2 2014
o Tabakoto Underground
o Segala Underground
o Djambaye II Open Pit
2015
o Tabakoto Underground
o Segala Underground
o Kofi C Open Pit
Q2 2014
o Tabakoto Underground
o Djambaye II Open Pit
o Stockpiles

14. Segala Mine
14
• Segala underground mine now
contributing to Tabakoto mill feed
• At June 18, 2014:
– Decline face at 203 metres below
surface
– 1,291 metres in the decline
– 3,751 metres of lateral development
on four levels to provide access to
the ore body
– Levels access every 20 metres
vertically
• Main ore body is 20 metres wide on
average
• Long hole transverse method with
Cemented Rock Fill (CRF) will be used
to mine Segala
GOLD PRODUCER  WEST AFRICA  CASH FLOW
Segala 2014 Development Plan

15. GOLD PRODUCER  WEST AFRICA  CASH FLOW 15
Kofi Mine Permit Received
• Mining permit area includes 8 known
deposits that so far comprise resources of
Indicated 0.6 million ozs plus Inferred 0.6
million ozs
• Kofi C deposit reserves have already been
added to the Tabakoto production schedule
starting in 2015
– 2P Reserve1 of 1.55 million tonnes
at 4.3 g/t containing 213,000 ozs
– 38 km haulage to Tabakoto plant
• Work continues on conversion of resources
to reserves for the other Kofi deposits along
the haul route
• Excellent exploration potential on Tabakoto
property and on the Kofi Property, especially
on continuation of the Loulo trend
Kofi Property
1 See Appendix for details on Tabakoto-Kofi Resources and Reserves

16. GOLD PRODUCER  WEST AFRICA  CASH FLOW 16
Burkina Faso – Youga Mine and Houndé Project
• Youga mine ownership is 90%
Endeavour, 10% government of
Burkina Faso
• Acquired through takeover of
Etruscan in 2010
• Located 200 km from Ouagadougou -
3 hours drive
• Also have the Hounde Project;
acquired in 2012 and is now in
permitting
Youga
http://www.ginkgomaps.com/maps_burkina_faso.html
Houndé

17. Youga Mine
GOLD PRODUCER  WEST AFRICA  CASH FLOW 17
• Operations commenced in March 2008 and
461Kozs have been produced to end of 2013
• Produced 19,867 in Q1
• Low sustaining capital requirements
• Good cash flow generator
• Workforce of 715 including 339 contractors; with
22 expats

18. GOLD PRODUCER  WEST AFRICA  CASH FLOW 18
Houndé Project – In Permitting
• Feasibility study completed in 2013
– 2P Reserve1 of 25 million tonnes
at 1.95 g/t containing 1.55 million ozs
– 3.0 Mtpa SAG/Ball mill and
Gravity/CIL
– 180,000 ozs per year over 8 years
– AISC/oz of less than $800/oz
– Upfront capital of $315M including
owner mining fleet
– IRR 22.4% at $1,300/oz (post tax)
• Submitted for permitting in Nov
2013
– Public consultation meetings
completed
• Projects Team is now reviewing
and optimizing based on recent
Agbaou construction experience
Houndé FS General Site Layout
Mine, Waste Dumps, and Plant Location
1 See Appendix for details on Houndé Reserves

19. GOLD PRODUCER  WEST AFRICA  CASH FLOW 19
Houndé Project – Exploration Potential
Houndé Property Targets and Trends
• Exploration Team developed
a work program based on
prior drilling which could
enhance the resource base
• Mineralized areas are
highlighted by
– Gold in soil geochemistry
– Geophysical signatures
– Structural trends
• Known targets include
– Parallel trends close to the
Vindaloo deposits
– Douhoun, Grand Espoir,
Bouéré and Kari Pomp to the
northwest
– Kopoi to the northeast
– Vindaloo Far South, Soukou
and Kari Sud zones to the
south

20. 2014: focus on effectively managing our 4 mines
• Achieve production and cost guidance
• Remain focused on safety and respect for the
environment
• Continue to develop our local workforce and contribute
to the communities in which we operate
• Preparing to build Houndé Project
Endeavour is an excellent value proposition for
investors
20GOLD PRODUCER  WEST AFRICA  CASH FLOW
Summary

21. GOLD PRODUCER  WEST AFRICA  CASH FLOW 21
Neil Woodyer
CEO
nwoodyer@endeavourmining.com
+377 97 98 7161
SVP Business Development
dreddy@endeavourmining.com
+1 604 609 6114
Richard Thomas
EVP Technical Services
rthomas@edv-ops.com
+377 97 98 7160
Doug Reddy

22. GOLD PRODUCER  WEST AFRICA  CASH FLOW 22
Tabakoto Gold Mine, Mali
Tabakoto Gold Mine (80% Endeavour, 20% Mali)
Kofi (84.4% Endeavour, 5.6% third-party, 10% Mali)
Resources
(incl. of Reserves,
100%)
M&I: 17.2Mt @ 3.0 g/t for 1.679Mozs
(~52% U/G @ 4.7 g/t)
Inferred: 19.0Mt @ 2.6 g/t for 1.603Mozs
(~59% U/G @ 4.6 g/t)
Reserves (100%)
6.9Mt @ 3.6 g/t for 0.794Mozs
(~60% U/G @ 4.1 g/t)
Processing Rate 1.4 Mtpa Gravity/CIL Plan
Mining Type
Tabakoto (UG), Segala (UG) & Djambaye
II Open Pit Mine
Met. Recovery 92% - 95%
Production
2012 – 110,301 ozs
2013 – 125,231 ozs
2014 Q1 – 33,472 ozs
2014e – 140,000 to 155,000 ozs
Cash Costs ($/oz)
2013 - $972
2014 Q1 - $1,157
2014e - $790 to $840
Royalty 6%
Corporate Tax 30%

23. GOLD PRODUCER  WEST AFRICA  CASH FLOW 23
Agbaou Gold Mine, Côte d’Ivoire
Agbaou Gold Mine (85% Endeavour, 10% Côte d’Ivoire, 5%
SODEMI)
Resources
(incl. of Reserves,
100%)
M&I: 15.0Mt @ 2.3 g/t for 1.100Moz
Inferred: 2.2Mt @ 2.3 g/t for 0.165Moz
Reserves (100%) 11.4Mt @ 2.4 g/t for 0.880Moz
Strip Ratio 7.9 to 1
Processing Rate Up to 1.6 Mtpa Gravity/CIL plant
Met. Recovery 92.5%
Mining Type Open Pit – Contractor Mining (BCM)
Production
2013 – 6,132 ozs (during commissioning)
2014 Q1 – 24,086 ozs
2014e – 85,000 to 95,000 ozs
Cash Costs ($/oz)
2014 Q1 – $594
2014e – $730 to $780
Expected Mine Life 8 years from current Reserves
Royalty 3% - 5% sliding scale
Corporate Tax 25% with 5 year corporate tax holiday

24. GOLD PRODUCER  WEST AFRICA  CASH FLOW 24
Nzema Gold Mine, Ghana
Nzema Gold Mine (90% Endeavour, 10% Ghana)
Resources
(incl. of Reserves,
100%)
M&I: 38.4Mt @ 1.4 g/t for 1.693Moz
Inferred: 7.7Mt @ 1.3 g/t for 0.313Moz
Reserves (100%) 9.9Mt @ 2.1 g/t for 0.602Moz
Strip Ratio 3 to 1 (2013)
Processing Rate 1.6 to 2.1Mtpa Gravity/CIL plant
Met. Recovery 91% to 75% depending on ore type
Production
2012 – 109,447 ozs
2013 – 103,464 ozs
2014 Q1 – 28,487 ozs
2014e – 110,000 to 120,000 ozs
Cash Costs ($/oz)
2013 - $917
2014 Q1 - $890
2014e – $780 to $830
Expected Mine Life 6 years from current Reserves
Royalty 5% (+1% third-party at Adamus pits)
Corporate Tax 35%

25. GOLD PRODUCER  WEST AFRICA  CASH FLOW 25
Youga Gold Mine, Burkina Faso
Youga Gold Mine (90% Endeavour; 10% Burkina Faso)
Resources (incl. of
Reserves, 100%)
Youga & Ouaré
M&I: 15.5Mt @ 1.6g/t for 0.805Moz
Inferred: 2.2Mt @ 1.4g/t for 0.099Moz
Reserves (100%) 4.0Mt @ 2.0g/t for 0.265Moz
Strip Ratio 4.3 to 1 (2013)
Processing Rate 1.0Mtpa Gravity/CIL plant
Met. Recovery 94%
Production
2012 – 91,030 ozs
2013 – 89,448 ozs
2014 Q1 – 19,867 ozs
2014e – 65,000 to 70,000 ozs
Cash Costs ($/oz)
2013 - $730
2014 Q1 - $680
2014e – $790 to $840
Expected Mine Life
2 years at current grade (with potential for
5+ years with satellite deposits and Ouaré)
Royalty 3% - 5% sliding scale
Corporate Tax 17.5%