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ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION

ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION

ANNUAL INFORMATION FORM ENDEAVOUR MINING CORPORATION

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Permit Name Type Area<br />

Permits Comprising the Tabakoto Gold Mine (1)(2)<br />

32<br />

Convention Ownership<br />

Company Name Expiration Endeavour Gov’t.<br />

Comifa Prospection 10 km 2 Tamico and now Semico In progress Renewal of<br />

permit in progress<br />

Kouidoulo Authorization<br />

of exploration<br />

Doufouru Authorization<br />

of exploration<br />

4.95 km 2 Avion Mali Exploration In progress Research permit<br />

waiting for<br />

approval<br />

18.6 km 2 Avion Mali Exploration In progress Research permit<br />

waiting for<br />

approval<br />

Notes:<br />

(1) Information contained in this table has been compiled from several sources, including title opinions, but has not been<br />

fully confirmed by Endeavour’s legal representatives.<br />

(2) Areas have been calculated from concession coordinates provided in the arrêtés and concession applications.<br />

The Ségala Mining Permit contains the Ségala Main, Ségala NW Deposits, Dar Salam, Moralia, Kenieba<br />

(Sansanto) and NE Orpailleur Deposits. The Tabakoto Mining Permit contains the Tabakoto NE, NW,<br />

Dioulafoundou, Tabakoto South and Dabo Deposits, and the Kéniéba Exploration Permit contains the<br />

Djambaye II Deposit.<br />

The Tabakoto Mining Permit and the Ségala Mining Permit are held in the name of Ségala<br />

Mining Corporation S.A. (“Semico”). The two exploration permits, Toubikoto and Manianguiti, are<br />

also held in the name of Semico. The shares in Semico are distributed between Avion Resources<br />

(Mali) Ltd. (80%) and the Government of the République of Mali (20%). Avion Resources (Mali) Ltd. is a<br />

direct wholly-owned subsidiary of Endeavour.<br />

On January 8, 2010, Endeavour (then Avion) announced the acquisition of a 100% interest in the<br />

Kéniéba Concessions held by Great Quest. The Kéniéba Concessions are located adjacent to the south<br />

and west sides of the Tabakoto Mining Permit and comprise the Kéniéba (Sansanto), Kéniéba Est and<br />

Comifa Concessions totaling approximately 32 km 2 . Under the terms of the acquisition agreement,<br />

the Corporation has agreed to make future contingent payments of up to $2.1 million in the event that<br />

it produces more than 400,000 ounces of gold from the Kéniéba Concessions, payable upon realizing<br />

each additional 50,000 ounces of production. If production from the concessions exceeds 600,000<br />

ounces, Endeavour would be required to make payments of up to a further $1.4 million to complete<br />

its obligations under this agreement.<br />

There are currently no material environmental liabilities associated with the Tabakoto Gold Mine. The<br />

Corporation completes a small amount of site rehabilitation annually and has recently completed a<br />

review of its asset retirement obligations.<br />

Accessibility, Climate, Local Resources, Infrastructure and Physiography<br />

The Tabakoto Gold Mine is located in the southwest corner of the Republic of Mali, a land-locked<br />

country in the northwest corner of Africa, bordered to the north by the Sahara Desert and by the<br />

countries Sénégal, Mauritania, Algeria, Burkina Faso, Niger, Cote D’Ivoire and Guinea.<br />

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