News Releases


March 20, 2007
Brokered Private Placement Closes


Endurance Gold Corporation (EDG -- TSX.V, the "Company") is pleased to announce that, further to its news release dated February 2, 2007, it has closed the brokered private placement for gross proceeds of $1,484,650. Of this $1,484,650, $998,200 consists of flow through funds and the balance is non-flow through.

Pacific International Securities Inc. (the "Agent") was agent for the private placement which comprised 2,115,000 non-flow-through units at a price of $0.23 per unit (the "Units") and 4,340,000 flow-through shares (the "FT Shares") at a price of $0.23 per FT Share. Each Unit comprises one non-flow-through common share and one transferable common share purchase warrant, each such warrant entitling the holder to acquire one common share of the Company for a period of 18 months from closing at a price of $0.40 per share.
The Company has paid to the Agent a commission of seven percent of the gross proceeds of the brokered placement, paid as to $32,177 in cash and 309,500 units ("Commission Units"), each Commission Unit having the same terms and conditions as the Units. In addition, the Agent was issued 642,000 agent's options (the "Agent's Options"). Each Agent's Option entitles the Agent to acquire one common share of the Company for a period of 18 months from closing at a price of $0.40 per share.

All securities issued pursuant to this private placement are subject to a 4 month hold period.

The proceeds of the private placement transaction will be used for further exploration of the Company's Pardo Property, Ontario and the BQ Property, British Columbia and to provide general working capital to the Company. The flow-through funds received under the private placement and incurred on the programs will qualify as "flow-through mining expenditures" within the meaning of the Income Tax Act and will qualify as "Canadian exploration expenses" as described in the Income Tax Act, and will be renounced to investors for the 2007 taxation year.


Per: "Duncan McIvor"
President and Chief Executive Officer

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

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: Mon Mar 26, 2007, Non-Brokered Private Placement Closes

You can view the Previous News Releases item: Fri Feb 2, 2007, Endurance Arranges $2 Million Private Placement

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