UK - Cte dIvoire Trade & Investment Forum 2013

Neil Woodyer, CEOOctober 30, 2013

UK - Cte dIvoire Trade & Investment Forum 2013

Neil Woodyer, CEOOctober 30, 2013Disclaimer & Forward Looking StatementsThis presentation contains forward-looking statements including but not limited to, statements with respect to Endeavours plans and operating performance, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as expects, expected, budgeted, forecasts and anticipates. Forward-looking statements, while based on managements best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks relatedto international operations; risks related to general economic conditions and credit availability; actual results of current exploration activities; unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates; increases in market prices of mining consumables; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes; claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations; and political and economic developments in countries in which Endeavour operates. Although Endeavour has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavours most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business.A GOLD PRODUCER GROWING IN CTE DIVOIRE22Endeavour Mining in Cte dIvoireA GOLD PRODUCER GROWING IN CTE DIVOIRE3Growing West African gold producer with three operating mines producing 320,000 oz/yrFocused on generating cash flow in the new low gold price environmentEndeavour investing $160 million to build the Agbaou Gold Mine in Cte dIvoire, with annual operating costs of $75 millionAgbaou ownership is 85% Endeavour, 10% government of Cte dIvoire; 5% SODEMIAgbaou now over 90% complete; due to commence production in Q1 2014Creating 700 jobs and providing economic and social benefits to local and regional communities

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Aerial view of Agbaou Process Plant, Oct 2013A GOLD PRODUCER GROWING IN CTE DIVOIRE

Clearing for Agbaou Process Plant, Sept 201213 Months of Successful Investment in Cte dIvoire

Multiple operations, both open-pit and undergroundWest African focus, diversified jurisdictionsStrong operating and project development teamsExpertise sharing between operationsMine building team, currently at AgbaouAgbaou start-up to benefit from staff training at Endeavours other mines

A GOLD PRODUCER GROWING IN CTE DIVOIRE5Current West African OperationsAgbaou Operating EnvironmentApproximately 200 km NW of AbidjanAccessible by paved and secondary gravel roads (normally 3 hours by car from Abidjan)10 km from national power gridWater supply from a combination of tailings recycling, storage of surface run-off, and pit de-wateringRecruitment of operating team completeAgbaou will be the fourth gold mine in Cte dIvoire and will increase the countrys annual production by more than 20%

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Agbaou TimelineA GOLD PRODUCER GROWING IN CTE DIVOIRE7Optimized feasibility study completed in May 2012Construction began in June 2012 with a $160 million budget; construction now over 90% completeReceived mining permit in August 2012Mining commenced in October 2013 Commercial production expected in Q1 2014

Mining commenced on South Pit, Oct 2013A GOLD PRODUCER GROWING IN CTE DIVOIRE8Average annual production 100,000 ozsCurrent 8-year mine lifeOpen pit mineUp to 1.6Mtpa CIL/gravity plant and 92.5% recovery

Agbaou Summary

Milling Circuit, August 2013A GOLD PRODUCER GROWING IN CTE DIVOIRE9Tailings storage facilityWater storage damMine access roadVillage resettlementMill installationCrusher, conveyors, ore transfer stationArrival of mining fleet15km/91 kV electrical transmission line

Construction Progress at Agbaou

Agbaou conveyor and transfer station, Sept 2013Project Benefits to Cte dIvoireIncreased national income through wages, in-country purchasing, dividends, taxes, royalties, licensing feesEconomic growth in service, construction & manufacturing sectors locally and nationallyLocal employment preferenceLocal infrastructure development and increased standard of livingConstructed and funded a 15km 91kV power line that will be owned by the state and supply local communitiesCreating local social programmes and contributions, as well as training for Ivorian students interested in miningIncreases visibility of Cte dIvoire as a mining investment destination

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Process Plant 91 kV substation, Sept 2013Currently 958 workers on siteCreation of up to 700 direct long-term jobs during operations 500 from Agbaou district20% women overall Creation of indirect jobs estimated at 10+ indirect jobs per direct jobTraining in safety, machine and equipment operating, maintenance and administration A GOLD PRODUCER GROWING IN CTE DIVOIRE11Employment Created

Mill installation, July 2013Agbaou Community PartnershipA GOLD PRODUCER GROWING IN CTE DIVOIRE12

Projects completed in Agbaou regionDrilled boreholesRenovated maternal health clinic

Commencing local community work in partnership with the Red Cross in Cte dIvoireDiscussing social programmes and funding with the Ministry of Industry & Mines Delivered Running Water at AgbaouConstructed Agbaou Primary SchoolRefurbished classrooms, teachers housingCommunity centre constructed

Cte dIvoire Encourages InvestmentCte dIvoire is highly prospective for gold and is relatively underexplored and developedAs part of the governments growth plans, it is targeting a tripling in gold production over the next decade Agbaou will contribute to reaching that goalGovernment has discussed changes to mining legislation with industryCompetitive economic/legal framework in place for investment: 3% royalty and 25% tax rateOngoing dialogue with Presidents office/Advisors, Ministries of Finance and MiningEndeavour is currently in final negotiations for a mining convention with the state of Cte dIvoire to give certainty to our stakeholders (investors, government, communities, suppliers, employees)

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President Ouattara met with Endeavour CEO and Canadian Ambassador, May 2013A GOLD PRODUCER GROWING IN CTE DIVOIRE14Agbaou, Cte dIvoires fourth gold mine, will pour its first gold by early 2014Agbaou has meaningful exploration potential mine life could be extendedOur commitment to completing Agbaou has remained strong despite a difficult gold and financing market and the government has been very supportiveCte dIvoire contains 35% of West African gold belt but only 8% of reservesCte dIvoire may have the best infrastructure in the regionGiven a competitive investment environment, Cte dIvoires gold sector is positioned for strong growthInvesting in Growth in Cte dIvoire