Endurance GOLD Announces Non-Brokered Private Placement

ENDURANCE GOLD CORPORATION

#520, 800 West Pender Street

Vancouver, B.C. V6C 2V6

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEWS RELEASE 20 - 15 November 24, 2020

ENDURANCE GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Endurance Gold Corporation (EDG – TSX.V) (the “Company”) is pleased to announce that it intends to complete a non-brokered private

placement to raise gross proceeds of up to $403,000 (the “ Offering”) through the sale of up to 2.6 million units (each, a “ Unit”) at

$0.155 per Unit. The Offering is not subject to any minimum aggregate subscription.

Each Unit will consist of one common share (each, a “ Share”) and one non-transferable common share purchase warrant (each, a

“Warrant”). Each Warrant will entitle the holder to purchase one additional Share of the Company at an exercise price of $0.25 for a

period of two years from the date of issuance thereof. Proceeds raised from the sale of the Units will be used by the Company for

working capital and for general corporate purposes. Certain directors and/or officers of the Company intend to participate in the

private placement and their holdings of securities of the Company will increase as a result.

The Offering is made to accredited investors within the meaning of National Instrument 45-106 and the completion of the Offering is

subject to the receipt of acceptance by the TSX Venture Exchange (the “ Exchange”). All securities issued in connection with the

Offering will be subject to a statutory hold period expiring four months plus one day from the Closing. Finders' fees may be payable

in connection with the sale of the Units in accordance with the policies of the Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The

securities have not been and 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. Persons unless registered 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

(604) 682-2707, [email protected]

www.endurancegold.com

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.