Endeavour Announces Renewal of Normal Course Issuer Bid

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NEWS RELEASE – LSE: EDV, TSX:EDV

ENDEAVOUR ANNOUNCES RENEWAL

OF NORMAL COURSE ISSUER BID

London, 20 March 2023 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour” or the

“Company”) has received approval from the Toronto Stock Exchange (“TSX”) to renew its Normal Course Issuer

Bid (“NCIB”) for its share repurchase programme, in order to continue to supplement its minimum progressive

dividend.

Under the NCIB, Endeavour is entitled to repurchase up to 5% of its total issued and outstanding shares as of 14

March 2023, or 12,387,688 shares, during the 12 month period of the NCIB, and up to 25% of the average daily

trading volume (“ADTV”) for the six months ended 28 February 2023, calculated in accordance with the rules of

the TSX for purposes of the NCIB or 13 4,817 shares during each trading day, excluding purchases made in

accordance with the block purchase exemptions under applicable TSX policies. All ordinary shares repurchased

under the share repurchase programme will be cancelled. The renewed NCIB will commence on 22 March 2023

and end on 21 March 2024, or such earlier date as Endeavour may complete its purchases pursuant to the notice

of intention filed with the TSX.

Under Endeavour’s prior NCIB, which commenced on 22 March 2022 and ends on 21 March 2023, Endeavour

obtained approval to purchase up to a total of 12,458,989 ordinary shares, of which 3,864,238 ordinary shares

were purchased at a weighted average price of approximately CDN$ 27.56.

Endeavour believes that purchases under the NCIB constitute a desirable use of its funds on the basis that, from

time to time, market prices of the s hares may not fully reflect the value of Endeavour’s business and future

business prospects.

Endeavour’s previously announced automatic share purchase agreement with Stifel Nicolaus Europe Limited

(“Stifel”) will continue to allow for the purchase of ordinary shares, subject to certain trading parameters, at

times when Endeavour would n ot be active in the market due to regulatory close periods, its own internal

trading black-out periods, insider trading rules or otherwise. Outside of these periods, ordinary shares may be

repurchased in accordance with management’s discretion and in compliance with applicable law.

Share purchases will be made by Stifel (or through its agent, Stifel Nicolaus Canada, Inc.) on the TSX and the

London Stock Exchange, as well as through other designated exchanges and alternative Canadian trading

systems in accordance with applicable regulatory requirements. The price paid for repurchased ordinary shares

will be the market price of such ordinary shares at the time of acquisition or such other price as may be

permitted in accordance with applicable regulatory requ irements and Endeavour’s existing shareholder

authority to conduct share repurchases. Endeavour intends to ask shareholders to renew that authority at its

2023 AGM.

CONTACT INFORMATION

For Investor Relations Enquiries: For Media Enquiries:

Martino De Ciccio Brunswick Group LLP in London

Deputy CFO & Head of Investor Relations Carole Cable, Partner

+44 203 011 2706 +44 7974 982 458

[email protected] [email protected]

ABOUT ENDEAVOUR MINING PLC

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating

assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects

and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

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A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and

delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour

is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the

symbol EDV.