Endurance Closes Sale of 2 Million Inventus Shares

ENDURANCE GOLD CORPORATION

#520 – 800 West Pender Street

Vancouver, B.C. V6C 2V6

Tel: (604) 682-2707 Fax: (604) 681-0902

NEWS RELEASE 18 - 02 May 31, 2018

ENDURANCE CLOSES SALE OF 2 MILLION INVENTUS SHARES

Endurance Gold Corporation (EDG – TSX.V, “Endurance” or “Company”) announces that further to its news

release dated May 15, 2018, it has sold 2 million Inventus shares at a price of $0.18 per share to two directors

of the Company (the “Transaction”).

The Transaction is a non-arm’s length transaction and constitutes a related party transaction as defined under

Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. As the fair

market value of the Transaction is less than 25% of the Company’s market capitalization, the Company has

relied on section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and section

5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirements.

The Transaction has been accepted by the TSX Venture Exchange.

The Company is also pleased to announce that all outstanding warrants issued pursuant to a private placement

closed on May 29, 2015 have been exercised. These generated an additional $340,000 to fund the Company’s

2018 operations and exploration activities.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT

Endurance Gold Corporation

(604) 682-2707, [email protected]

www.endurancegold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.