Enduro Metals Completes Sale of Pedro Gold Project, México to Southern Empire
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January 20, 2026
Enduro Metals Completes Sale of Pedro Gold Project, México to Southern Empire
January 20, 2026, Vancouver, British Columbia – Enduro Metals Corporation (TSXV: ENDR) (“Enduro”, “Enduro
Metals” or the “Company”) is pleased to announce the closing of the sale of 100% interest in the 1,750-hectare
Pedro Gold Project (Pedro) in Durango State, Mexico to Southern Empire Resources Corp. (“Southern Empire”)
(SMP:TSX-V).
Pursuant to amendments of the original Option Agreement (see Enduro’s news release of October 1, 2025)
Southern Empire has now issued to Enduro 2,000,000 common shares and agreed to a future milestone
payment of $2,000,000 upon commencement of commercial production from the Pedro Gold Project. Enduro
retains a 2% net smelter return (NSR) royalty interest from future Pedro production with no buydown provision.
The shares issued to Enduro are subject to restrictions on resale for a period of four months from the date of
issuance. Southern Empire has acquired its 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).
Qualified person
Robert Cameron, P. Geo., Enduro's chief executive officer, is the company's qualified person as defined by
National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and has reviewed and approved the
technical aspects of this release.
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. Enduro Metals' geological team has outlined multiple
deposit environments of interest across including copper-gold alkalic porphyry mineralization at Burgundy, and
newly discovered copper-gold porphyry mineralization at Andrei. The Newmont Lake Project also includes high-
grade epithermal/skarn gold along the McLymont Fault. The Company maintains a broader portfolio of mineral
projects across Canada including the advanced Burn porphyry copper and gold project in northern BC.
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
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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.
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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.
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