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News Releases

 

November 24, 2005
TSX VENTURE EXCHANGE ACCEPTS PARDO PROPERTY OPTION


NEWS RELEASE 05-12

Endurance Gold Corporation (EDG -- TSX.V) announces that, on November 16, 2005, the TSX Venture Exchange accepted for filing the option agreement between the Company and three vendors of the Pardo Property, comprising six claims totaling 1,344 hectares and located in the Sudbury mining division of east-central Ontario. One of the vendors of the property is an Insider of Endurance. Under the terms of the agreement, Endurance can acquire a 100% interest in the property, subject to a 3% NSR, by making cash payments of $100,000 and issuing 200,000 shares over a four year period. Those include payments of $5,000 and issuing 10,000 shares on Exchange acceptance. Shares issued on acceptance are subject to a hold period, expiring March 23, 2006. An additional payment of $5,136 is payable to one of the vendors of the property, as re-imbursement for out-of-pocket staking costs. Endurance has the right to purchase 1.5% of the 3% NSR for $1.5 Million at any time.

The Pardo Property covers several unique gold occurrences within a basal conglomerate horizon of a large Proterozoic sedimentary basin, and is fully described in the Company's News Release dated September 20, 2005. The property will see a concerted exploration effort commencing in the spring of 2006.


ENDURANCE GOLD CORPORATION

Per: "Duncan McIvor"
President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT
Jeffrey Wilson, Corporate Communications (604) 868-0225, or visit our website at
www.endurancegold.com

ENDURANCE GOLD CORPORATION
#906, 1112 West Pender Street
Vancouver, B.C. V6E 2S1
Tel: (604) 682-2707 Fax: (604) 681-8799

The TSX Venture Exchange or any other regulatory authority has not reviewed, and does not accept responsibility for, the adequacy or accuracy of this news release.
 
 

You can view the Next News Releases item: Wed Nov 30, 2005, CHENG APPOINTED NEW CFO AND CORPORATE SECRETARY

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