Endomines AB

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Endomines consists of the parent company, Endomines AB, with two wholly owned subsidiaries: Endomines Oy and Kalvinit Oy. The operations of Endomines Oy include exploration and development of gold deposits and planned gold mining. Kalvinit Oy is focused on the development of the industrial mineral ilmenite deposits. The Company’s present mineral deposits are all located in Finland. The Company acquired all shares outstanding in the two subsidiaries, Endomines Oy and Kalvinit Oy, through a non-cash issue. These subsidiaries were founded in the mid-1990s and have been financed by private individuals and Finnish institutions since inception.

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SUMMARY OF INTERIM REPORT for JANUARY-MARCH 2017

Thu, Apr 27, 2017 08:45 CET

Increased grade improved gold production and salesHIGHLIGHTS Q1 2017 (Q1 2016) · Gold production 97.9 kg (58.5) · Milled ore 40,804 tonnes (35,317) at 2.9 g/t (2.1) · Cash Cost 1,206 USD/oz (1,312) · Revenues 28.7 MSEK (16.3) · EBITDA -1.3 MSEK (-6.3) · Profit after tax -12.2 MSEK (-14.8) · Earnings per share -1.16 SEK (-1.73) · Ms. Saila Miettinen-Lähde appointed as CEO of Endomines AB from 1st of May 2017 SUBSEQUENT EVENTS · No significant events to be reported PRODUCTION GUIDANCE · During 2017 the Company expects to produce between 300 and 350 kg

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SUMMARY OF INTERIM REPORT for JANUARY-MARCH 2017