Endomines reports 10 m@18.2 g/t, 6.0m@13.6 g/t and other high grade intersections from Pampalo Deeps

Endomines is pleased to report further results from the ongoing exploration
campaign at Pampalo Gold Mine Deeps exploration project and other Karelian Gold
Line exploration targets. In total 32 new underground drill holes (2,084 m) have
been drilled to the Pampalo Deep extension of new S2-lens between September
1stand October 21st. Assay results from 31 underground drill holes have been
received and 21 of these drill holes have returned high grade (grade x length >
8 gram metres) intersections.

The results from the new S2-lens include among others holes T-1006 10.0m@18.2
g/t gold from 48.0 m (including 5.0m@33.7 g/t gold from 53.0 m), T-1023 with
6.0m@13.6 g/t gold from 16.0 m, T‑993 2.0m@11.9 g/t gold from 65.0 m, T-997
3.0m@14.5 g/t gold from 84.0 m, T-1003 10.0m@3.6 g/t gold from 55.0 m (including
1.0m@25.9 g/t gold from 57.0 m), T-1004 7.0m@2.5 g/t gold from 42.0 m and
7.0m@3.4 g/t gold from 56.0 m, T-1007 8.0m@7.2 g/t gold from 50.0 m, T-1011
4.0m@11.5 g/t gold from 54.8 m. All intersections are reported as down hole
length.

The results confirm that the recently discovered and reported high grade S2-lens
has been further verified with several additional drill core intersections.

“We are very thrilled about the results received so far from our Pampalo Deep
extension underground exploration project. The grade of the intersections has
improved quite dramatically and new discoveries are open down dip. Also the
recent intersection in the previously unexplored area south of Pampalo South
supports company expectations of the unknown potential close to Pampalo main
lodes”, comments Markus Ekberg, CEO of Endomines.

All drill core results received from Pampalo Deep extension exploration project
by 21stOctober are published in the attached complete report as well as on the
Company´s website at
http://endomines.com/images/pdf/press_releases/ENDOMINES_EXPLORATION_UPDATE_REPO
R 
T_2015_OCT27_2015.pdf

The company has engaged SRK Consulting (Finland) Oy to prepare an independent
resource estimate for the Pampalo Deep extension area. The work is expected to
be completed before the end of this year and results will be used for production
planning 2016. The company intends to convert resources to reserve in house.

New assay results have been received from the regional drilling campaigns along
the Karelian Gold line. Pampalo East, Pampalo NorthWest, Hosko and Korvilansuo
have returned assay results from total of 17 drill cores. Rest of the assay
results are pending.

The Base-of-till sampling program has been completed with 1,704 samples
collected. About 90 % of the samples have been assayed and the rest are pending.
Interpretation of the preliminary results is in progress.

Karelian Gold Rush 2015 - Endomines Exploration Challenge - registration was
opened on September 1st. The amount of data to be made public has increased to
total of about 2,500 drill holes totalling approx. 191 km. This data together
with approx. 130,000 till/soil sample data, geophysical surveys and internal
reports will be officially released on November 4that the Endomines Booth (A11)
at the FEM 2015 meeting in Kittilä, Finland. All data will be simultaneously
available for download from the official website at goldrush.endomines.com.

The company has received Hosko environmental permit, which has been in general
granted according to the Company’s application and no appeals against the
decision were filed.

Competent Person: This statement has been controlled by Eurogeologist, MSc
(Geol) Markus Ekberg acting as a Qualified Person in compliance with
Fennoscandian Review Board -standards. Markus Ekberg is employed by Endomines as
Chief Executive Officer and owns 180 000 shares in Endomines.

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

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 October 27, 2015.

About Endomines:

Endomines conducts exploration and mining business along the 40 kilometre 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 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 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.

This news release may contain forward-looking statements, which address future
events and conditions, which are subject to various risks and uncertainties. The
Company's actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements as a result
of numerous factors, some of which may be beyond the Company's control. These
factors include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological data,
the uncertainties of resource and reserve estimations, receipt and security of
mineral property titles; project cost overruns or unanticipated costs and
expenses, fluctuations in metal prices; currency fluctuations; and general
market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made. The assumptions used
in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking