Annual General Meeting of Endomines AB (publ) on April 28, 2011

The  Annual General Meeting  (the "AGM") of  shareholders of Endomines AB (publ)
was held on April 28, 2011.

Appropriation of Endomines AB's (publ) loss
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 2010. The AGM resolved to
transfer  the accumulated deficit  to losses on  SEK 84,596,269 carried forward.
The  members of the  Board of Directors  and the President  were discharged from
liability for the financial year 2010.

Board of Directors
The  AGM resolved that the  Board of Directors should  consist of seven members.
Timo  Lindborg, Lars-Göran Ohlsson, Rauno Pitkänen  and Carina Hellemaa were re-
elected  as members of the Board of  Directors. In addition Karl-Axel Waplan was
re-elected  as chairman  of the  Board. Tuomo  Mäkelä and Lisbeth Godin-Jonasson
have declined re-election. Eva Redhe Ridderstad and Staffan Simberg were elected
as new members of the Board of Directors.

The  AGM  further  resolved  that  the  yearly  fees shall be SEK 200,000 to the
chairman  of the Board of Directors and  SEK 100,000 to each of the non-employed
members  of the  Board. It  was resolved  that Committee  work fees shall be SEK
25,000 to  each  member  of  the  remuneration  committee,  audit  committee and
technical  committee.  Total  committee  fees  may  not  exceed SEK 350,000. The
committee fees are unchanged compared to previous year.

The Nomination Committee
The  AGM approved the proposal  for a Nomination Committee  for the AGM 2012 and
that  it shall not exceed three members, of which two shall represent the larger
shareholders  and the third shall be the chairman of the Board of Directors. The
chairman  of the  Board of  Directors shall  during the  autumn 2011 contact the
larger  shareholders to found a Nomination Committee. The shareholders, which at
such  point in time, holds the largest numbers  of votes shall have the right to
appoint  one  representative  each  to,  next  to  the chairman of the Boards of
Directors, form the Nominations Committee until the next AGM.

Resolution on the implementation of an incentive programme
The meeting resolved unanimously to implement an incentive program in accordance
with  the Board of  Director's proposal, including  a resolution on  an issue of
subscriptions options and approval of transfer of the subscriptions options. The
programme  is based on the  equivalent principles as the  ones for the incentive
programme adopted on the Extra Ordinary General Meeting on November 12, 2009.

The  programme  includes  at  the  most  total  five  members  of  the executive
management  and other  key employees,  who are  considered to  be of significant
importance  for the company's future development. A maximum of 1,500,000 options
can  be issued,  which are  secured with  a corresponding number of subscription
options  and, in addition  thereto, a maximum  of 63,000 subscription options in
order to cover costs for the programme (social security payments). The programme
runs  during the  period 2012 -  2016 and the  options are  divided into various
tranches with different points of time for exercise during the time period. Each
option  entitles to a purchase  of one share in  the company. The exercise price
corresponds  to  120 percent  of  the  Endomines share's average volume weighted
share price during a certain measurement period. If the subscription options are
fully  exercised and full subscription is made, the company's share capital will
increase  with SEK 4,689,000. Based  on the total  number of outstanding shares,
the  incentive programme will involve a dilution  of a maximum of 1.9 percent of
the  share capital in the company, in  case of full exercise of all subscription
options.  The company's  earnings per  share is  not affected in connection with
adoption of the incentive program, since the strike price of the options exceeds
the current share price at the time of adoption.

Amendment of the Articles of Association regarding auditors
The AGM resolved unanimously, due to amendments in the Swedish Companies Act, to
amend Section 7 in the articles of association regarding auditors, through which
it is clarified that an accounting firm shall be able to be appointed as auditor
and  that the term  of office of  the auditor shall  last until the close of the
Annual  General Meeting which is held during the fourth financial year after the
election of the auditor.

Proposal for authorizing the Board of Directors to resolve on new issue
AGM  resolved not  to adopt  the Board  of Directors'  proposal to authorize the
Board  of Directors to resolve on  issue of shares, subscriptions options and/or
convertible bonds.

For further information please contact:
CEO Markus Ekberg, Endomines AB, tel. +358 40 706 48 50
Karl-Axel Waplan, Chairman of the Board of Endomines AB, tel. +46-70-510 42 39

About Endomines AB
Endomines AB is a Nordic mining and exploration company with its first operating
gold mine located in Eastern Finland. 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.

The Pampalo Gold Mine is currently producing gold at an expected annualized rate
of  900 - 1 000 kg. The mine is located on the 40 km-long gold-critical Karelian
Gold Line, where Endomines controls all currently known gold deposits.

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.

Endomines applies International Financial Reporting Standards (IFRS) as approved
by the European Union.
The  shares of  Endomines AB  are quoted  on the  First North Premier segment in
Stockholm  under ticker  ENDO.ST. Erik  Penser Bankaktiebolag  acts as Certified
Adviser and Liquidity Provider.
Read more about Endomines on www.endomines.com

[HUG#1510516]