Endeavour Silver Corp. Closes US$45 Million Bought Deal Financing

Endeavour Silver Corp. Closes US$45 Million Bought Deal Financing

VANCOUVER, British Columbia, April 08, 2025 -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX:

EDR, NYSE: EXK) is pleased to announce the completion of its prospectus offering announced on April 1, 2025 for the

issuance of a total of 11,600,000 common shares (“ Common Shares ”) at a price of US$3.88 per Common Share for

aggregate gross proceeds of US$45,008,000 (the “ Offering”). The Offering was led by BMO Capital Markets, as sole

bookrunner, together with a syndicate of underwriters consisting of TD Securities Inc. and Raymond James Ltd.

The Company plans to use the net proceeds of the Offering to fund part of the purchase price of the previously announced

acquisition of all of the outstanding shares of Compañia Minera Kolpa S.A., and its main asset, the Huachocolpa Uno Mine

(“Kolpa”), from subsidiaries of its shareholders Arias Resource Capital Management and Grupo Raffo, in exchange for total

consideration of US$145 million (the “ Transaction”). In the event the Transaction is not completed for any reason, the

Company will have discretion with respect to the use of net proceeds from the Offering.

Closing of the Transaction remains subject to Toronto Stock Exchange and New York Stock Exchange regulatory approvals,

as well as customary closing conditions, and is expected to occur within 60 days.

About Endeavour Silver Corp.

Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible mining practices.

With operations in Mexico and the development of the new cornerstone mine in Jalisco State, the Company aims to contribute

positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of exploration

projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer.

Contact Information

Allison Pettit, Director of Investor Relations

Tel: (604) 640 4804

Email: [email protected]

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 the Company’s use of

proceeds; and the Transaction, including the expected closing date, the Company’s receipt of required regulatory approvals

and the satisfaction of closing conditions.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause

actual events, 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, the timing of, and ability to obtain,

regulatory approvals; changes in production and costs guidance; the ongoing effects of inflation and supply chain issue on

mine economics; ability to continue to comply with the terms of the project debt facility; changes in national and local

governments’ legislation, taxation, controls, regulations and political or economic developments in Canada, Chile, the USA and

Mexico; timing and content of work programs; results of exploration activities and development of mineral properties; financial

risks due to precious metal prices; operating or technical difficulties in mineral exploration, development and mining activities;

risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and

development; risks in obtaining necessary licenses and permits; fluctuations in the prices of silver and gold; fluctuations in

currency markets (particularly the Mexican peso, Chilean peso, Canadian dollar and US dollar); and challenges to the

Company’s title to properties; as well as those factors described in the section “Risk Factors” contained in the prospectus

supplement to which the Offering relates and in the Company’s most recent form 40F/Annual Information Form filed with the

SEC and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to:

the forecasted capacity and production estimates for Kolpa, and the reliability of mineral resource estimates, the continuation

of exploration and mining operations, 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, resource and reserve estimates, metal prices,

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. These forward-looking statements represent the Company’s views as of the date of this release. There can be no

assurance that any forward-looking statements or information will 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 information. 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.