Annual General Meeting of Endomines AB (publ) on 18 April 2016

The Annual General Meeting (the “AGM”) of shareholders of Endomines AB (publ)
was held on 18 April 2016.
Appropriation of Endomines AB’s (publ) loss and discharge from liability for
members of the Board of Directors and the CEO
The AGM resolved to adopt the Profit and Loss Statement and the Balance Sheet
for the parent company as well as the Consolidated Profit and Loss Statement and
the Consolidated Balance Sheet for the Group for 2015. The AGM resolved that no
dividend should be paid and that the company’s result should be disposed so that
SEK 1,319,895 shall be carried forward. The members of the Board of Directors
and the CEO were discharged from liability for the financial year 2015.
Board of Directors
The AGM resolved that the Board of Directors should consist of four members.
Staffan Simberg, Stefan Månsson, Rauno Pitkänen and Ann Zetterberg Littorin were
re-elected as members of the Board of Directors. In addition, Staffan Simberg
was re-elected as chairman of the Board of Directors. Meg Tivéus had declined re
-election.
Remuneration to the board of directors
The AGM further resolved that the yearly fees shall be SEK 325,000 to the
chairman of the Board of Directors and SEK 175,000 to each of the non-employed
members of the Board of Directors. It was further resolved that committee work
fees shall be SEK 25,000 to each member of the Remuneration Committee, Audit
Committee and Technique and Security Committee and SEK 50,000 to the chairman of
the Audit Committee.
Guidelines for remuneration to senior executives
The AGM resolved to approve to Board of Directors’ proposal for guidelines for
remuneration to senior executives.
Reversed share split
The AGM resolved to approve the Board of Directors’ proposal for a reversed
share split, whereby one hundred existing shares will be consolidated into one
share. In order to make the reversed share split possible, it was also resolved
to change the limits in the company’s articles of association regarding the
number of shares to a minimum of 8,000,000 and a maximum of 32,000,000. The
reversed share split means that the number of shares will decrease from a total
of 1,048,627,500 to a total of 10,486,275 and that the shares’ quota value will
increase from 0.25 SEK per share to 25 SEK per share. Erik Penser Bankaktiebolag
will, in connection with the reversed share split, free of charge provide shares
to those shareholders whose total shareholdings are not evenly divided by one
hundred. The AGM further resolved to authorise the board of directors to
determine the record date for the reversed share split, however no earlier than
after registration of the reversed share split with the Swedish Companies
Registration Office. Further information regarding the reversed share split will
be made public when the board of directors have determined the record date.
Authorization for the Board of Directors to resolve on new issue of shares and
convertibles
The AGM resolved to authorize the Board of Directors during the period up to the
next Annual General Meeting to, on one or several occasions, resolve on the
issuance of new shares and/or convertibles with deviation from the shareholders’
pre-emption right. By resolution pursuant to the authorization, the number of
new shares that can be issued may, in aggregate, be equivalent to the number of
shares corresponding to maximum 10 per cent of the total number of existing
shares in Endomines at the time of registration of the share issue
authorization.
For further information please contact:
Markus Ekberg, CEO of Endomines AB, tel. +358 40 706 48 50
or visit the Company´s home page: www.endomines.com

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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 08:45 CEST on April 19, 2016

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About Endomines:
Endomines conducts exploration and mining business along the 40 kilometer long
Karelian Gold Line. Through various regulatory approvals, Endomines controls the
exploration rights to this entire area.
The Company’s first mine, Pampalo, started in February 2011. During 2014,
Endomines initiated the production of ore from the mine in Rämepuro. The ore
from satellite mines will be processed in the centrally located mill at Pampalo.
The Company’s operations are based on sustainable principles and on minimizing
the impact on the environment.
Endomines applies SveMin's & FinnMin's respective rules for reporting for public
mining & exploration companies. The Company has 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.
Endomines vision is to participate in the future structural transformation and
consolidation of the Nordic mining industry. The Company may therefore be
involved in acquisitions of interesting deposits or companies, should such
opportunities arise.
The shares of Endomines AB are quoted on Nasdaq Stockholm under ticker ENDO and
on Nasdaq Helsinki under ticker ENDOM. The Liquidity Provider in both Stockholm
and Helsinki is Erik Penser Bankaktiebolag.