Endurance GOLD Announces Closing of Non-Brokered Private Placement

ENDURANCE GOLD CORPORATION

Suite 1212 - 666 Burrard Street

Vancouver, B.C. V6C 2X8

Tel: (604) 682-2707 Toll Free: (877) 624-2237

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

NEWS RELEASE 24 - 07 May 29, 2024

ENDURANCE GOLD ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Endurance Gold Corporation (EDG – TSX.V) (the “Company”) is pleased to report that it has closed the non-brokered private

placement (the “FINANCING”) announced by news release on May 14, 2024.

The Company has received gross proceeds of $4,000,000 through the sale of 20,000,000 units (each, a “UNIT”) at a price of $0.20

per Unit. Each Unit is comprised of one common share (each, a “Share”) and one-half non-transferable common share purchase

warrant (each, a “ Warrant”). Each Warrant shall entitle the holder to purchase one additional Share of the Company at an

exercise price of $0. 32 per Share until May 29, 2026. The gross proceeds from the sale of the Units will be used to fund the

Company’s exploration activities and for general corporate purposes.

All securities issued in connection with the Closing of the Financing are subject to a statutory hold period expiring four months

plus one day from the Closing. No finder’s fees were paid in connection with this Financing. The Closing of the Financing remains

subject to the final approval by the TSX Venture Exchange.

Mr. Gilliam, a control person and an insider of the Company, has subscribed for the entire 20,000,000 Units of the Financing. The

Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral

Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") contained in sections 5.5( a)

and 5.7(1)(a) of MI 61-101 in respect of such insider participation.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale o f the

securities, in any jurisdiction in which such offer, solicitation or sale would require registration or otherwise be unlawful . The

securities have not been or will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities

Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. person unless r egistered

under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT

Endurance Gold Corporation www.endurancegold.com

(604) 682-2707, [email protected]

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

responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based

on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of

factors beyond its control, and actual results may differ materially from the expected results.