Endeavour Mining June 2016 Corporate Presentation CREATING A - PowerPoint PPT Presentation

TSX:EDV Endeavour Mining June 2016 Corporate Presentation CREATING A PREMIER AFRICAN GOLD PRODUCER

Disclaimer & Forward Looking Statements Cash cost per ounce and all-in sustaining cash cost per ounce are non-GAAP market prices of mining consumables, possible variations in ore reserves, performance measures with no standard meaning under IFRS. This grade or recovery rates; failure of plant, equipment or processes to operate presentation contains “forward -looking statements” including but not as anticipated; accidents, labour disputes, title disputes, claims and limited to, statements with respect to Endeavour’s plans and operating limitations on insurance coverage and other risks of the mining industry; performance, the estimation of mineral reserves and resources, the timing delays in the completion of development or construction activities, changes and amount of estimated future production, costs of future production, in national and local government regulation of mining operations, tax rules future capital expenditures, and the success of exploration activities. and regulations, and political and economic developments in countries in Generally, these forward-looking statements can be identified by the use of which Endeavour operates. Although Endeavour has attempted to identify forward-looking terminology such as “expects”, “expected”, “budgeted”, important factors that could cause actual results to differ materially from “forecasts” and “anticipates” . Forward-looking statements, while based on those contained in forward-looking statements, there may be other factors management’s best estimates and assumptions, are subject to risks and that cause results not to be as anticipated, estimated or intended. There uncertainties that may cause actual results to be materially different from can be no assurance that such statements will prove to be accurate, as those expressed or implied by such forward-looking statements, including actual results and future events could differ materially from those but not limited to: risks related to the successful integration of acquisitions; anticipated in such statements. Accordingly, readers should not place risks related to international operations; risks related to general economic undue reliance on forward-looking statements. Please refer to Endeavour’s conditions and credit availability, actual results of current exploration most recent Annual Information Form filed under its profile at activities, unanticipated reclamation expenses; changes in project www.sedar.com for further information respecting the risks affecting parameters as plans continue to be refined; fluctuations in prices of metals Endeavour and its business. including gold; fluctuations in foreign currency exchange rates, increases in Adriaan “ Attie ” Roux, Pr.Sci.Nat , Endeavour’s Chief Operating Officer, is a Qualified Person under NI 43 -101, and has reviewed and approved the technical information in this presentation. CREATING A PREMIER AFRICAN GOLD PRODUCER 1

Endeavour Mining Overview 4 Producing Mines at Low AISC SENEGAL – 2015 production: 517 koz MALI Karma Tabakoto Mine – 2016 production: 535-560 koz GAMBIA Project BURKINA FASO – 2015 AISC: US$922/oz GUINEA- Bamako – Ouagadougou 2016 AISC: US$870 - 920/oz BISSAU Houndé GUINEA – Total Reserves of 6.7 Moz Project – Total M&I resources of 12.8 Moz – CÔTE Inferred Resources: 4.7 Moz SIERRA (Production and AISC amounts above exclude Karma) D’IVOIRE LEONE GHANA 1 Mine in Ramp-up : Karma Ity Mine and CIL Project LIBERIA Agbaou First gold pour announced on April 11 th 2016 – Mine Accra Nzema Abidjan Mine – Production of 110-120koz per annum (years 1 to 5) with Operations immediate cash flow generation Office True Gold transaction closed on April 26 th 2016 – 2 Attractive Projects – Houndé Project construction started in April 2016, first gold pour expected by Q4-2017 – Ity CIL Project feasibility study expected for Q3-2016 See Appendix for details of mineral resources and mineral reserves, stated on a 100% basis. 2 CREATING A PREMIER AFRICAN GOLD PRODUCER

Company Profile Market Information Current shareholder distribution and geographic mix Ticker TSX:EDV Retail Shares in Issue 84.9 million 11% Options 6.0 million Fully Diluted 88.3 million Institutional Share price (June 8, 2016) C$20.99 56% Market cap US$1,372m Net Debt (PF June 8, 2016) US$ 71m La Mancha EV US$ 1,443m 30% Average volumes as of June 8 , 2016 (‘000 shares) Last 1 month 565 Management Last 3 months 425 3% Last 6 months 362 Endeavour Shareholders as of June 7 th 2016 Board Members LA MANCHA HOLDING S.A.R.L. 30% Michael E. Beckett – Chairman, Non-executive Director Van Eck Associates Corporation 6.4% Miguel Rodriguez – Non-executive Director Ruffer LLP 5.1% Naguib Sawiris – Non-executive Director RBC Global Asset Management Inc. 3.3% Neil Woodyer – Founder & CEO Liberty Metals & Mining Holdings, LLC 2.8% Sébastien de Montessus – President & Director (Appointed as CEO) Sun Valley Gold, LLC 2.7% Ian Cockerill – Non-executive Director Maple Leaf Partners, L.L.C. 1.9% Frank Giustra – Non-executive Director Baker Steel Capital Managers, LLP 1.9% Ian Henderson – Non-executive Director Sprott Asset Management LP 1.5% Wayne McManus – Non-executive Director Oppenheimer Funds, Inc. 1.3% 3 CREATING A PREMIER AFRICAN GOLD PRODUCER

Endeavour is backed by La Mancha Sawiris family’s mining investment vehicle 31% 30% Long-term growth supportive investor holding holding The Sawiris family is present across various sectors and businesses, ranging from construction and fertilizers to real estate and telecommunications  La Mancha vended-in the Ity mine and $63m  of cash La Mancha vended-in the Frog’s Leg and  La Mancha then contributed $65m following White Foil mines  the acquisition of Truegold La Mancha then contributed $112m for  Endeavour has grown from a US$250m to a acquisition of the Cowal mine  US$1.2B market cap since announcement of Evolution has grown from a ~A$670m market strategic partnership cap to ~A$3.0B, ~350% increase, since announcement of strategic partnership 19 2,5 15 2 Partnership 1,5 Announced 11 Partnership Announced 1 7 0,5 0 3 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Sep-15 Dec-15 Mar-16 4 CREATING A PREMIER AFRICAN GOLD PRODUCER

Endeavour Mining – Management Team Sébastien de Montessus – President & Director Management Changes Announced • Former CEO of the La Mancha Group (2012-2015) (to take effect upon the completion of the AGM on June 28 th , 2016) • Former member of the Executive Board & Group Deputy CEO of AREVA Group & CEO of AREVA Mining  Sebastien de Montessus appointed as CEO • Prior to joining AREVA in 2002, Mr. de Montessus was an investment banker at Morgan Stanley in  Neil Woodyer has decided not to seek a nomination to the Board London (M&A, ECM)  Michael Beckett will continue in his role as Chairman and Non- Executive Director Patrick Bouisset – Exec VP Exploration • Former Executive VP Exploration & New Ventures of La Mancha Neil Woodyer – Founder & CEO • +20 years at Total – in charge of exploration activities in Africa • Former CEO of Lloyds International Trading, a subsidiary of Lloyds Bank plc • Former VP Geoscience of AREVA’s Business Group • Former CEO of Amalgamated Metal’s group of New York & Latin America - based metal trading & mining finance Doug Bowlby – Exec VP Corporate Development • Responsible for analysis of corporate transactions, assisting with Adriaan “Attie” Roux – COO transaction implementation • Previously General Manager of Adamus Resources & Senior VP – • Joined Endeavour in 1996 with experience in merchant banking, Operations of Endeavour Mining corporate finance and M&A • Metallurgical engineer with +38 years of experience, including 34 years Morgan Carroll – Exec VP Corporate Finance & General Counsel with Anglo American, De Beers & AngloGold • Previously practiced law in the finance group at Mayer Brown International LLP in London & New York Ota Hally – CFO • Chartered Accountant & Chartered Financial Analyst – joined Endeavour in early 2014 as VP – Group Controller Jeremy Langford – Exec VP Construction Services • Former Director of Finance for Pan American Silver • Managed the construction & delivery of Nzema and Agbaou • Currently managing Houndé project along with Endeavour’s in -house Vincent Benoit – Exec VP Strategy & Business Development Construction Services Group • Former EVP Strategy & Business Development of La Mancha • Former EVP Merger & Acquisitions, as well as Head of Strategy & Investor Richard Thomas – Exec VP Technical Services Relations, at Orange • Former VP Mining for Continental Africa for AngloGold • Professional Engineer 5 CREATING A PREMIER AFRICAN GOLD PRODUCER