Canadian Warrants

The warrants are being issued in connection with a prospectus offering of units by the company, each unit consisting of one common share and one-half of a warrant. Each whole warrant entitles the holder to purchase one additional common share of the company at a price of $3.60 per share at any time before 4:30 p.m. (Vancouver time) on the date that is 24 months from the closing date of the offering.

The warrants will be governed by the terms of a warrant indenture between the company and Computershare Trust Company of Canada, as warrant agent. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

Endeavour Silver to list 2,555,000 warrants May 23

2006-05-18 19:52 ET - Warrants Called to Trade
TSX bulletin 2006-0614
A total of 2,555,000 common share purchase warrants of Endeavour Silver Corp. will
be listed and posted for trading at the open on Tuesday, May 23, 2006, under the
following trading information:

Warrant symbol: EDR.WT
Warrant Cusip No.: 29258Y 11 1
Trading currency: Canadian dollars
Designated market-maker: Independent Trading Group
Other markets: None

The warrants were issued in connection with a private placement of 5.11 million
special warrants. Each special warrant was deemed exercised into one common
share and one-half of a warrant upon the issuance of a MRRS decision document
with respect to a short form prospectus dated May 15, 2006, qualifying the common
shares and warrants underlying the special warrants. Each whole warrant entitles
the holder to purchase one additional common share of the company at a price of
$5.25 per share until Oct. 24, 2007.

The warrants will be governed by the terms of a warrant indenture between the
company and Computershare Trust Company of Canada, as warrant trustee. The
warrant indenture will provide for appropriate adjustments to the warrants in the
event of stock dividends, subdivisions, consolidations and other forms of capital
reorganization.