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 JANUARY – SEPTEMBER 2015

Thu, Oct 29, 2015 08:45 CET

Encouraging exploration results in PampaloHighlightsQ3/2015 · Gold production 153.1 kg (210.9) · Co-operation negotiations with the personnel started · Revenues were 30.4 MSEK (47.8) · EBITDA before unrealized losses on derivatives -11.6 MSEK (6.9) · Profit after tax was -18.7 MSEK (-5.5) · Earnings per share was -0.07 SEK (-0.04) January- September 2015 · Gold production 411.0 kg (582.6), -29% · Revenues were 85.2 MSEK (131.6), -35% · EBITDA before unrealized losses on derivatives was -48.3 MSEK (8.7) · Profit after tax was -79.4 MSEK (-23.5) ·

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SUMMARY OF INTERIM REPORT JANUARY – SEPTEMBER 2015