Endomines confirms its schedule: commercial production will start during Q1/2011

The press release can be downloaded from the following link: Press Release (PDF) In response to recent speculation regarding the Pampalo Gold Mine start-up schedule, Endomines confirms its plans to start commercial production during Q1/2011. Test runs began as scheduled in late November, and currently these focus on ensuring that all processing equipment is working correctly. "We have experienced some minor problems in the grinding mill and crushing plant, but these are being addressed by their respective suppliers under guarantee, and thus at no expense to Endomines.  These problems have delayed the planned production start-up by a few weeks. We remain confident nevertheless, that we can maintain our planned start-up schedule", says Markus Ekberg, CEO of Endomines. For further information: Markus Ekberg, CEO of Endomines AB, cell phone: +358 40 706 48 50 About Endomines During 2009-2010 Endomines has taken several important steps from exploration to full-scale gold production. The company will commence commercial production at the Pampalo Gold Mine during Q1/2011, with a projected annualized output of 900-1.000 kg of gold. Other deposits along the Karelian Gold Line will be exploited subsequently. Endomines has additional claims in Finnish Lappland (gold), Ostrobothnia (ilmenite) and Southern Finland (limestone/wollastonite). Endomines applies SveMin's & FinnMin's respective rules for reporting (public mining & exploration companies). Endomines has chosen to report mineral resources and ore reserves according to JORC-code, which is the internationally accepted Australasian code for reporting ore reserves and mineral resources. Endomines applies International Financial Reporting Standards (IFRS) as approved by the European Union. The shares of Endomines AB are quoted on the First North Premier segment in Stockholm under ticker ENDO.ST. Erik Penser Bankaktiebolag acts as Certified Adviser and Liquidity Provider. Read more about Endomines on www.endomines.com Press Release PDF: http://hugin.info/138043/R/1477877/413887.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Endomines AB via Thomson Reuters ONE [HUG#1477877]