Minor fire in Pampalo underground mine

A minor fire occurred in the Pampalo underground mine Sunday evening. The fire started when the scaling equipment hit a power cable. The cable and the boom took fire. Three miners evacuated themselves to the underground safety container in accordance with mine safety plan and training. The fire was extinguished by itself in less than one hour after which the three men returned to the surface. Material damages were restricted to a few hundred euros. The incident does not have any effect to the production at the mine.

For further information, please contact:
Markus Ekberg                                                                                    
CEO of Endomines AB                                                                      
tel. +358 40 706 48 50                                                                         

________________________________________________________________________________________

Endomines AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 11:30 CET on January14th, 2013.

About Endomines AB

Endomines AB is a Nordic mining and exploration company with its first operating gold mine in production since February 2011. The mine is located in Eastern Finland, on the Karelian Gold Line, a 40 km long gold critical belt, where Endomines controls all currently known gold deposits.

The company has several other gold and industrial mineral properties at various stages of development. All Endomines’ mineral assets are located in Finland, which is politically stable, has a highly developed infrastructure and is ranked as one of the most favorable jurisdictions for the mining industry.

Endomines aims to increase shareholder value by developing its strong portfolio of assets, as well as exploring new deposits on the Karelian Gold Line and in Finnish Lapland. The company will also consider new opportunities and acquisitions for further growth.

The company’s business practices and mining operations are based on sustainable principles and on minimizing the impact on the environment.

Endomines applies SveMin's&FinnMin's respective rules for reporting (public mining & exploration companies). It has also chosen to report mineral resources and ore reserves according to the JORC-code, which is the internationally accepted Australasian code for reporting ore reserves and mineral resources.

The shares of Endomines AB are quoted on NASDAQ OMX Stockholm under ticker ENDO.ST. Pareto Öhman acts as Liquidity Provider.

Read more about Endomines on www.endomines.com

Tags: