Enduro Metals and Southern Empire Finalize Earn-In to the Pedro Gold Project, Mexico
Enduro Metals and Southern Empire Finalize Earn-In to the Pedro Gold Project, Mexico
October 1, 2025, Vancouver, British Columbia – Enduro Metals Corporation (TSXV: ENDR) (“Enduro”, “Enduro
Metals” or the “Company”) and Southern Empire Resources Corp. (“Southern Empire”) (SMP:TSX-V) are pleased
to announce that they have agreed to close Southern Empire’s acquisition of the 1,750 -hectare Pedro Gold
Project (Pedro) in Durango State, Mexico.
Pursuant to amendments of the original Option Agreement (see Commander’s news release of July 27, 2021),
Southern Empire will now, subject to TSX Venture Exchange approval, acquire a 100% interest in the Pedro
mineral tenements by acquiring a 100% beneficial interest in Minera BRG, S.A. de C.V. (the Mexican subsidiary
of Enduro that owns Pedro) by issuing to Enduro 2,000,000 common shares of Southern Empire and committing
to a future milestone payment of $2,000,000 upon commencement of commercial production. Enduro retains
a 2% net smelter return (NSR) royalty interest with no buydown provision.
The Project is considered a non -core asset, with Enduro’s focus being on its Newmont Lake Project in British
Columbia’s Golden Triangle. Restructuring the earn in agreement paves the way for activity to recommence at
the Project, following a number of years of inactivity as a result of uncertainty in Mexican mining legislation and
weak market conditions, both of which are now much improved.
The Pedro Gold Project is located 80 km from Torreon, Mexico, in the northeastern part of the state of Durango
and approximately 30 km west of the town of Mapimi. At Pedro, a gold exploration target is outlined at surface
by a gold -in-soil geochemical anomaly (greater than 10 pa rts per billion) with dimensions of 4,000 m etres by
1,000 metres. Outcrop exposure comprises prominent hematite-stained, silica-rich ridges of angular chalcedony
fragments and silicified sedimentary rocks within a coarse breccia. Historical sampling of the se exposed zones
returned gold values (in rock) ranging from background levels to a maximum of 2.3 ppm (58 samples greater
than 0.25 ppm Au and 11 greater than one ppm Au). IP geophysics defined zones of elevated chargeability and
has identified discreet deep features. Southern Empire completed 856.3 metres of core drilling at Pedro Gold
in 2022, returning a best interval of 15.23 m grading 0 .577 grams/tonne gold (g/t Au) in hole P22 -03. Trace
element association, alteration and regional setting indicate a possible “Carlin-style” mineral system.
Granting of Options
The Company has granted an aggregate of 3.69 million incentive stock options to certain officers and directors
in accordance with Enduro’s equity incentive plan. The options are exercisable at a price of $0.155 and will
expire five years from the date of their issuance. Grant of the options is subject to approval by the TSX Venture
Exchange.
QA/QC Data Verification Statement
Historical samples mentioned in this release were prepared and analyzed at various times by ALS Chemex at its
labs in Chihuahua, Mexico, and Vancouver, Canada. See Commander’s news dated September 16, 2012, and
July 2, 2014 ( historical drill results) posted on SEDAR + under Bearing Lithium, and news dated February 19th,
2020 and March 30th, 2021 and July 27, 2021 for Commander Resources for QA/QC details. Drilling samples by
Southern Empire were analyzed through the ALS Geochemistry preparation lab facility in Chihuahua, Chihuahua
State, Mexico which were then shipped by ALS to its North Vancouver, British Columbia facility for gold and
multielement analysis (see Commander and Southern Empire release dated April 27, 2022 for QA/QC details).
Qualified person
Mr. Cameron, P.Geo., is a qualified person within the context of National Instrument 43 -101 and has read and
takes responsibility for the technical aspects of this release.
2
About Enduro Metals
Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688 km2 property located
within the heart of British Columbia's Golden Triangle. Building on prior results, Enduro Metals' geological team
has outlined multiple deposit environments of interest across the Newmont Lake Project including high -grade
epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, and
newly discovered copper-gold porphyry mineralization at North Toe/Andrei. The Company maintains a broader
portfolio of mineral projects across Canada including the advanced Burn porphyry copper and gold project in
northern British Columbia.
On Behalf of the Board of Directors of Enduro Metals Corporation
“Robert Cameron”
Chief Executive Officer
For further information please contact:
Robert Cameron, CEO
Tel: +1 (778) 989-1501
Email: [email protected]
www.endurometals.com
Forward-Looking Statements
This news release contains statements that constitute "forward -looking statements". Such forward looking
statements involve known and unknown risks, uncertainties and other factors that may cause Enduro’s actual
results, performance or achievements, or developments in the industry to differ materially from the anticipated
results, performance or achievements expressed or implied by such forward -looking statements. Forward
looking statements are statements that are not historical facts and are generally, bu t not always, identified by
the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and
similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward -
looking statements in this news release include statements concerning the Parties’ expectation with respect to
the de -listing of the Commander Shares and the expectation that Commander will apply to cease to be a
reporting issuer.
Although Enduro believes the forward-looking information contained in this news release is reasonable based
on information available on the date hereof, forward-looking statements by their nature involve assumptions,
known and unknown risks, uncertainties and other factors which may cause our actual results, performance or
achievements, or other future events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF ENDURO AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO
CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD -LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ENDURO
MAY ELECT TO, NEITHER OF THEM UNDERTAKES TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME
EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy
or accuracy of this release.