Endeavour Silver Extends High Grade Silver-Gold Mineralization on the Milache Property Near the Guanacevi Mine in Durango, Mexico

Wed Nov 14, 2012 8:00am EST

* Reuters is not responsible for the content in this press release.

Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK)(FRANKFURT:EJD) announces that
exploration drilling on Endeavour's Milache Property near the Guanacevi
Mine in Durango State, Mexico has extended the high grade silver-gold
mineralization along the Santa Cruz vein to more than 250 meters (m) long
by 250 m deep, still open for expansion.

    The latest drilling highlights at Milache include 796 grams per tonne
(gpt) silver and 2.28 gpt gold over 7.59 m true width (26.5 ounces per
ton (opT) silver equivalents over 24.9 feet (ft)) in hole MCH-15 based on
a silver: gold ratio of 50:1; including a very high grade interval of
10,990 gpt silver and 25.1 gpt gold over 0.22 m true width (357 opT
silver equivalents over 0.7 ft).

    Drilling highlights are as follows:

Milache Drill Highlights

                                 From    Width       Au        Ag     Ag Eq
Hole       Vein                    (m)      (m)    (gpt)     (gpt)     (gpt)
           Santa Cruz          325.85     1.52     2.51       716       841
MCH-13     Including           326.10     0.50     5.71     1,370     1,656
           FW Santa Cruz       346.70     0.78     0.57       200       229
           Santa Cruz          363.40     4.47     0.77       273       311
MCH-14     Including           366.90     0.22     4.10     1,610     1,815
           FW Santa Cruz       378.05     3.67     0.34       143       160
           Santa Cruz          399.20     7.59     2.28       796       910
MCH-15     Including           405.85     0.22    25.10    10,990    12,245
           FW Santa Cruz       416.65     1.55     0.13        62        68
           Santa Cruz          493.25     1.53     0.65       286       318
MCH-16                         --------------------------------------------
           Including           494.95     0.20     3.65     1,525     1,708
           Santa Cruz          390.75     4.29     0.94       321       368
MCH-18                         --------------------------------------------
           Including           397.20     0.26     4.12     1,425     1,631
           Santa Cruz          350.25     2.02     0.56       162       190
MCH-19                         --------------------------------------------
           Including           353.05     0.22     1.90     1,095     1,190

    Bradford Cooke, CEO and Director, commented, "Exploration drilling on the
Milache Property near the Guanacevi Mine in Durango State, Mexico
continues to extend the high grade silver-gold mineralization to the
north and to depth. This high grade mineralized zone at Milache was
discovered in late 2011 and the drill results since then are showing it
to be one of our best new discoveries at Guanacevi in recent years. Every
recent hole has intersected "kilo-plus" silver grades and significant
gold grades. Drill hole MCH-15 contains the highest grade vein intercept
ever drilled by Endeavour in the district of Guanacevi."

    Godfrey Walton, M.Sc., P.Geo., President and COO, is the Qualified Person
who reviewed and approved this news release and supervised the drilling
programs on the Milache property. A Quality Control sampling program of
reference standards, blanks and duplicates has been instituted to monitor
the integrity of all assay results. All samples were split at the
Guanajuato field office and shipped to ALS-Chemex Labs, where they are
dried, crushed, split and 50 gram pulp samples are prepared for analysis.
Gold and silver are determined by fire assay with an atomic absorption
(AA) finish and other elements are determined by AA.


    Bradford Cooke, Chief Executive Officer

    About Endeavour Silver Corp. - Endeavour Silver is a premier mid-tier
silver mining company focused on the growth of its silver production,
reserves and resources in Mexico. Since start-up in 2004, Endeavour has
posted seven consecutive years of growing silver production, reserves and
resources. The organic expansion programs now underway at Endeavour's
three operating silver mines in Mexico combined with its strategic
acquisition and exploration programs should facilitate Endeavour's goal
to become the next premier senior silver mining company.

    Cautionary Note Regarding Forward-Looking Statements

    This news release contains "forward-looking statements" within the
meaning of the United States private securities litigation reform act of
1995 and "forward-looking information" within the meaning of applicable
Canadian securities legislation. Such forward-looking statements and
information herein include, but are not limited to, statements regarding
Endeavour's anticipated performance in 2011, including revenue, cash cost
and capital cost forecasts, silver and gold production, timing and
expenditures to develop new silver mines and mineralized zones, silver
and gold grades and recoveries, cash costs per ounce, capital
expenditures and sustaining capital and the use of the Company's working
capital. The Company does not intend to, and does not assume any
obligation to, update such forward-looking statements or information,
other than as required by applicable law.

    Forward-looking statements or information involve known and unknown
risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Endeavour and its
operations to be materially different from those expressed or implied by
such statements. Such factors include, among others: fluctuations in the
prices of silver and gold, fluctuations in the currency markets
(particularly the Mexican peso, Canadian dollar and U.S. dollar);
fluctuations in the price of consumed commodities, changes in national
and local governments, legislation, taxation, controls, regulations and
political or economic developments in Canada and Mexico; operating or
technical difficulties in mineral exploration, development and mining
activities; risks and hazards of mineral exploration, development and
mining (including environmental hazards, industrial accidents, unusual or
unexpected geological conditions, pressures, cave-ins and flooding);
inadequate insurance, or inability to obtain insurance; availability of
and costs associated with mining inputs and labour; the speculative
nature of mineral exploration and development, reliability of calculation
of mineral reserves and resources and precious metal recoveries,
diminishing quantities or grades of mineral reserves as properties are
mined; the ability to successfully integrate acquisitions; risks in
obtaining necessary licenses and permits, global market events and
conditions and challenges to the Company's title to properties; as well
as those factors described in the section "risk factors" contained in the
Company's most recent form 40F/Annual Information Form filed with the
S.E.C. and Canadian securities regulatory authorities.

    Forward-looking statements are based on assumptions management believes
to be reasonable, including but not limited to: the continued operation
of the Company's mining operations, no material adverse change in the
market price of commodities, mining operations will operate and the
mining products will be completed in accordance with management's
expectations and achieve their stated production outcomes, and such other
assumptions and factors as set out herein.

    Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements or information, there may be other factors
that cause results to be materially different from those anticipated,
described, estimated, assessed or intended. There can be no assurance
that any forward-looking statements or information will prove to be
accurate as actual results and future events could differ materially from
those anticipated in such statements or information. Accordingly, readers
should not place undue reliance on forward-looking statements or

Endeavour Silver Corp.
Lana McCray
Manager, Corporate Communications
(604) 685-9775 or Toll Free: 1-877-685-9775
(604) 685-9744 (FAX)

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