Endeavour Silver Closes Sale of Cozamin Royalty to Gold Royalty Corp

Endeavour Silver Closes Sale of Cozamin Royalty to Gold Royalty Corp

VANCOUVER, British Columbia, Aug. 30, 2023 -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE:

EXK; TSX: EDR) is pleased to announce that its wholly-owned subsidiary, Minera Plata Adelante SA de CV (“MPA”) has

closed the royalty sale (the “Royalty Transaction”) with Gold Royalty Corp. As previously announced on July 31, 2023, MPA

agreed to sell its interest in the 1% Cozamin royalty (“Royalty”) for total consideration of US$7,500,000, payable in cash. The

Royalty applies to two concessions (Calicanto and Vicochea) on Capstone’s Cozamin copper-silver mine, located 3.6

kilometres north-northwest of Zacatecas City in state of Zacatecas, Mexico. The sale transaction includes an option granted to

Gold Royalty Corp to purchase any additional royalties which may be granted on the five remaining concessions under the

2017 concession division agreement.

The Company obtained the Royalty through a concession division agreement signed in 2017 on seven wholly owned

concessions which were acquired for US$445,000 The Cozamin Mine, a copper-silver mine owned and operated by Capstone

Copper in Zacatecas, Mexico, is located on two of the seven Concessions.

About Endeavour Silver – Endeavour is a mid-tier precious metals mining company that operates two high-grade

underground silver-gold mines in Mexico. Endeavour is advancing construction of the Terronera Project and exploring its

portfolio of exploration projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver

producer.  Our philosophy of corporate social integrity creates value for all stakeholders.

Contact Information

Galina Meleger, VP of Investor Relations

Tel: (604)640-4804

Email: [email protected]

Website: www.edrsilver.com

Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn