endeavour silver corporate presentation august 8, 2012

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1 Building a Premier Mid-Tier Silver Producer Corporate Presentation August 2012

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Page 1: Endeavour Silver Corporate Presentation August 8, 2012

1

Building a Premier

Mid-Tier Silver Producer

Corporate Presentation

August 2012

Page 2: Endeavour Silver Corporate Presentation August 8, 2012

2

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995

and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and

information herein include, but are not limited to, statements regarding Endeavour’s anticipated performance in 2012, including revenue, cash

cost and capital cost forecasts, silver and gold production, timing and expenditures to develop new silver mines and mineralized zones, silver

and gold grades and recoveries, cash costs per ounce, capital expenditures and sustaining capital and the use of the Company’s working

capital. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other

than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results,

level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such

statements. Such factors include, among others: fluctuations in the prices of silver and gold, fluctuations in the currency markets (particularly

the Mexican peso, Canadian dollar and U.S. dollar); fluctuations in the price of consumed commodities, changes in national and local

governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; operating or technical

difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining

(including environmental hazards, industrial accidents, unusual or unexpected geological conditions, pressures, cave-ins and flooding);

inadequate insurance, or inability to obtain insurance; availability of and costs associated with mining inputs and labour; the speculative

nature of mineral exploration and development, reliability of calculation of mineral reserves and resources and precious metal recoveries,

diminishing quantities or grades of mineral reserves as properties are mined; risks in obtaining necessary licenses and permits, global market

events and conditions and challenges to the Company’s title to properties; as well as those factors described in the section “risk factors”

contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued

operation of the Company’s mining operations, no material adverse change in the market price of commodities, mining operations will operate

and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and

such other assumptions and factors as set out herein.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in

forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated,

described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be

accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly,

readers should not place undue reliance on forward-looking statements or information.

Cautionary Note: Forward Looking Statements

Page 3: Endeavour Silver Corporate Presentation August 8, 2012

3

Introduction

• One of North America’s fastest growing silver

mining companies Endeavour Silver Corp:

• Two high grade producing silver-gold operations in

Mexico; Guanacevi Mine in Durango,

Bolanitos Mine in Guanajuato

Producing Mines:

• Acquisition of the El Cubo Mine in Guanajuato

makes Endeavour a premier mid-tier silver

producer

Accretive Acquisition:

• Four district-scale exploration properties in

Mexico; San Sebastian, La Brisa, Parral,

Guadalupe y Calvo

Exploration Projects:

• Create a premier senior silver producer (+10

million oz per year) through continued

organic growth and strategic acquisitions

Strategic Goal:

Page 4: Endeavour Silver Corporate Presentation August 8, 2012

Investor Highlights

4

Proven Operating

Track Record:

966% production growth

in last 7 years

Compelling Organic

Growth:

60% expansion at

Bolanitos Mine in 2012 to

1,600 tpd

Focus on Quality

Assets:

Large districts, big veins,

high grades, low costs

Strong Financials:

Working capital est.

US$50 million, no debt,

access to $75 million

credit facility

Accretive New

Acquisition:

El Cubo Mine in

Guanajuato, same district

as current operation

Good Liquidity:

Listed on the NYSE, TSX,

Frankfurt

Pure Silver-Gold

Leverage:

75/25 silver/gold in dore,

no base metals

Experienced Board

and Management:

200+ years in mining

industry

Page 5: Endeavour Silver Corporate Presentation August 8, 2012

• EXK: NYSE EDR: TSX EJD: Frankfurt Exchange Listings:

•99.1 Million Shares Issued:

•6.0 Million (adds $29.9 Million) Warrants/Options:

•105.2 Million Fully Diluted:

•US $7.84 USD Share Price (Aug 8, 2012):

•US $778 Million Market Cap:

• 1.5 Million Shares (TSX & NYSE) Daily Volume (3 Mo. Ave.):

• Fresnillo Plc 2.8% Strategic Shareholder:

5

• BMO (Andrew Kaip), Euro Pacific Capital

(Heiko Ihle), Haywood (Chris Thompson),

Salman Partners (Ash Guglani)

Analyst Coverage:

Share Capital

•AuRico Gold Inc 11.1% Majority Shareholder:

Page 6: Endeavour Silver Corporate Presentation August 8, 2012

Board and Management

6

Bradford Cooke

M.Sc., P.Geo.

Director

CEO

Godfrey Walton

M.Sc., P.Geo.

Director

President & COO

Mario Szotlender

B.IR

Director

Ricardo Campoy

B.Sc.

Director

Geoff Handley

B.Sc.

Chairman

Rex McLennan

B.Sc., M.B.A

Director

Dan Dickson

CA

CFO

David Howe

M.Sc.

VP, Operations

Barry Devlin

M.Sc., P.Geo.

VP, Exploration

Hugh Clarke

VP, Corporate

Communications

Miguel Ordaz

Ing.

Mexico Projects Director

Board of Directors

Additional Management

Page 7: Endeavour Silver Corporate Presentation August 8, 2012

7

Business Model:

• Acquire under-explored,

under-performing mines

in historic silver districts

that are built, permitted,

staffed and about to close

• Invest the capital and

expertise needed to

discover new ore-bodies,

turn-around operations

and re-open the mines

• Expand silver resources

and reserves each year

to drive annual mine and

plant expansions which

fuel continuous growth

Three producing mines, Five exploration projects

Corporate Strategy

Page 8: Endeavour Silver Corporate Presentation August 8, 2012

Reserves/Resources: 656% Growth Last 7 Years

8

Silver Equivalent Reserves and Resources (million oz’s)

Note: 2010 Silver equivalents based on 55:1 silver: gold ratio, base metals are not included

Other

Million

s

53

0

20

40

60

80

100

120

140

160

180

2004 2005 2006 2007 2008 2009 2010 2011 2012

0

16

46

62

76

90

121

BO

G

CV

I

Oth

er

EC

163

Page 9: Endeavour Silver Corporate Presentation August 8, 2012

9

Silver Production: 966% Growth Last 7 Years

Annual Silver Production

Target 1 Peers include: AXR, CDE, FR, FVI, GPR, HL, PAAS, SSRI and SVM.

2 Calculated as the simple average of peer group production CAGR between 2004 and 2011 (emerging producers adjusted for their first full year of production).

Source: Intierra Ltd.

0

1

2

3

4

5

6

2004 2005 2006 2007 2008 2009 2010 2011 2012

Million

s

4.9-5.0

3.73

3.30

2.60

2.35 2.15

1.35

0.95

0.35

EC

B

O

GC

VI

Page 10: Endeavour Silver Corporate Presentation August 8, 2012

10

Cash Costs: 46% Lower Last 4 Years

$9.38

$9.03

$6.04

$5.71

$5.08

$6.00-$7.00

$2.59$2.44

$4.85

$4.13

$6.83

$-

$2.00

$4.00

$6.00

$8.00

$10.00

2007 2008 2009 2010 2011 2012

$/o

z

Endeavour Cash Costs Peer Group Cash Costs

1 Peers include: AXR, CDE, FR, FVI, GPR, HL, PAAS, SSRI and SVM.

2 Calculated as the simple average of cash cost CAGR between 2007 and 2011.

Source: Intierra Ltd.

(14%) CAGR Peers1: 27% CAGR2

Page 11: Endeavour Silver Corporate Presentation August 8, 2012

11

Gross Margin: Fastest Growth in Silver Sector

$2.17

$5.48

$9.48

$13.91

$30.53

$11.55

$14.51 $15.49

$19.62

$35.61

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2007 2008 2009 2010 2011

$/o

z

Gross Margin Realized Silver Price

Page 12: Endeavour Silver Corporate Presentation August 8, 2012

12

GUANACEVI

MINE

Page 13: Endeavour Silver Corporate Presentation August 8, 2012

13

Guanacevi: A Top 5 Mexican Silver District

District Highlights:

• Located in the Sierra Madre

Occidental gold-silver belt

• Produced over 450 million oz

silver historically

• Multiple silver veins span 10 km x

5 km area

• Classic epithermal ore-bodies in

Lower Tertiary andesites

• Excellent infrastructure near paved

state highway, on state power

grid

• Porvenir Cuatro, Porvenir Dos,

Porvenir Norte & Santa Cruz

Mines now in production

• Now drilling new high-grade

mineralized zone at Milache

Page 14: Endeavour Silver Corporate Presentation August 8, 2012

Guanacevi: Four Underground Mines

14

2011 Reserves/Resources1:

P+P: 13.5 million oz Ag

M+I: 19.9 million oz Ag

Inf: 15 million oz Ag

Q2 2012 Production

Production: 669,754 oz Ag

2,499 oz Au

Throughput: 1100 tpd

Grades: 269 gpt Ag

0.87 gpt Au

Recoveries: 77.4% Ag

89.2% Au

Mines: Porvenir Norte

Porvenir Dos

Porvenir Cuatro

Santa Cruz

Porvenir Norte is the largest mine

operating in the Guanacevi district

1) See Page 40 for details

Page 15: Endeavour Silver Corporate Presentation August 8, 2012

Guanacevi: Upgrading the Mines & Plant

15

2012 Capital Projects:

Total: $21.3 million

Plant: Upgrading

conveyors, concentrate

handling, crushing,

expanding fine ore bins

Mine: New underground

development

Surface: New 115 Kv power

line

Mine: New underground

equipment

Plant Currently Operating at 1000 tonnes per day;

Expanding to 1200 tonnes per day in 2012

Page 16: Endeavour Silver Corporate Presentation August 8, 2012

Guanacevi: Reserves and Resources

16 16

Endeavour Discovered Five New Silver Deposits In Five Years

773,000 tonnes @ 304 Ag gpt + 0.65 Au gpt = 7.55 million Oz Ag (8.4 million Oz Ag-Eq)

799,000 tonnes @ 231 Ag gpt + 0.39 Au gpt = 5.93 million Oz Ag (6.5 million Oz Ag-Eq)

2.8 million tonnes @ 217 Ag gpt + 0.42 Au gpt = 19.92 million Oz Ag (22.1 million Oz Ag-Eq)

2.0 million tonnes @ 217 Ag gpt + 0.40 Au gpt = 14.05 million Oz Ag (15.5 million Oz Ag-Eq)

Page 17: Endeavour Silver Corporate Presentation August 8, 2012

17

BOLANITOS

MINE

Page 18: Endeavour Silver Corporate Presentation August 8, 2012

18

Bolanitos: 2nd

Largest Mexico Silver District

District Highlights:

• Located in the Sierra Madre

silver-gold belt

• Produced over 1.2 billion oz

silver historically and 5

million oz gold

• Three main vein systems span 20

km x 20 km area

• Classic epithermal ore-bodies in

Lower Tertiary andesites

• Excellent infrastructure- paved

state highway, on state

power grid

• Cebada, Bolanitos and Lucero

Mines now in production, 5

new ore bodies in last 5

years

• Now drilling multiple veins in

Bolanitos area

Vetas De

La Luz

Vetas De

Sierras

Page 19: Endeavour Silver Corporate Presentation August 8, 2012

19

Bolanitos: Three Underground Mines

View of New Lucero Mine Portal

2011 Reserves/Resources1:

P+P: 3.3 Million Oz Ag

M+I: 14.6 Million Oz Ag

Inf: 9.8 Million Oz Ag

Q2 2012 Production

Production: 370,272 Oz Ag

5,196 Oz Au

Throughput: 1100 tpd

Grades: 149 gpt Ag

2.05 gpt Au

Recoveries: 75% Ag

77% Au

Mines: Bolanitos/Lucero/

Cebada

Development: Asuncion/

Karina/ Fernanda/

Daniela

1) See Page 40 for details

Page 20: Endeavour Silver Corporate Presentation August 8, 2012

Bolanitos: Expanding the Mines & Plant

20

Plant currently operating at 1000 tpd;

Expanding to 1600 tpd capacity by end of 2012

2012 Capital Projects:

Total: $20.6 million

Plant: Complete tailings

piping & pumps,

expand flotation cells

& concentrate

handling

Mine: New underground

development

Mine: New underground

equipment

Page 21: Endeavour Silver Corporate Presentation August 8, 2012

Bolanitos: New Discoveries Near Lucero

21

Recent Drill Results

• 250 gpt Ag, 5.35 gpt Au / 9.35 m

• 404 gpt Ag, 6.50 gpt Au / 7.35 m

• 448 gpt Ag, 14.0 gpt Au / 4.61 m

• 170 gpt Ag, 7.73 gpt Au / 7.14 m

2012 Exploration Targets

• Daniela-Karina

• La Joya- Puertocito

• La Luz- Asuncion

• Belen-Ericka

Page 22: Endeavour Silver Corporate Presentation August 8, 2012

22

Bolanitos: Daniela Vein Long. Section

Daniela Discovery is 800m long x150m vertical x 3-10m thick

Page 23: Endeavour Silver Corporate Presentation August 8, 2012

23

El Cubo Mines-New Acquisition

Endeavour Silver Acquires El Cubo Silver-Gold Mine in Guanajuato &

Guadalupe y Calvo Exploration Property in Chihuahua

Page 24: Endeavour Silver Corporate Presentation August 8, 2012

El Cubo: A Great Fit for Endeavour in Guanajuato

24

El Cubo Highlights:

• Discovered in the 1860’s more

than 300 years after mining began in

the Guanajuato District.

• Producing silver-gold mine currently

operating at 1200 tpd with 965

employees

• Produced 556,379 oz Ag and 8,670 oz

Au or 990,000 oz silver equivalents

in 2011 and over 80 million ounces

of silver & 2 million ounces of

gold historically

• Multiple silver-gold veins over 9 km

long, up to 10 m wide & 600 m deep

• San Nicolas Vein averaged 10-15 gpt Au

& 100-150 gpt Ag

• 61 mineral concessions covering 8,144

hectares, including several mine

adits, ramps and shafts and a 400 tpd

leach plant, plus a lease until May

2013 on the adjacent Las Torres Mine

Complex, which includes a 2,000 tpd

flotation plant owned by Fresnillo plc

Vetas De

La Luz

Vetas De

Sierras

Page 25: Endeavour Silver Corporate Presentation August 8, 2012

El Cubo: Underground Silver-Gold Mine

25

2012 Reserves/Resources1:

P+P: 7.0 million oz Ag

M+I: 4.4 million oz Ag

Inf: 11.4 million oz Ag

Aurico 2011 Production (9 months)

Production: 556,379 oz Ag

8,670 oz Au

Throughput: 1100 tpd

Grades: 80.5 gpt Ag

1.24 gpt Au

Recoveries: 83.9% Ag

84.8% Au

Mines: Villalpando

Peregrina

Development: Dolores

1) See Page 40 for details

Page 26: Endeavour Silver Corporate Presentation August 8, 2012

El Cubo: Dolores Discovery Cross Section

26

• Present known vertical

interval of 200 m open at

depth

• Now being developed for

production

No Detectable on

Surface

1.6m @ 621 AgEq

5.8m @ 239 AgEq

4.1m @ 304 AgEq

2.03m @ 750 AgEq

10.4m @ 285 AgEq

1.7m @ 523 AgEq

2.6m @ 334 AgEq

DOLORES SE

New Drilling 2012

Page 27: Endeavour Silver Corporate Presentation August 8, 2012

El Cubo: Property, Mines, Veins & Geology

27

Page 28: Endeavour Silver Corporate Presentation August 8, 2012

El Cubo: Transaction Rationale

28

• Adds a third producing silver-gold mine (El Cubo) nearby Endeavour’s Bolanitos

mine and launches Endeavour into the mid-tier of primary silver producers

• Adds an advanced gold-silver exploration project (GyC) to Endeavour’s exploration

portfolio with further exploration potential

• Immediately accretive to Endeavour on NAVPS (23%1 ), AgEq production, reserves,

resources with substantial turn-around potential on cash-flow and cash costs

• Increases 2012 silver production by 12%-14% to 4.9-5.0 million oz based on Q1,

2012 production and 6 months production, potential to boost 2013 production

to 6 million oz Ag (9 million oz AgEq), revised production guidance to be

provided after Closing

• Increases prospective mineral land-holdings by six-fold and enhances Endeavour’s

exploration potential in Mexico

1 Assuming a purchase price of US$250 million ($100 million in cash and $150 million in shares). NAVPS based on analyst consensus estimates for El Cubo and Guadalupe y Calvo as at April 15, 2012.

Source: Thomson One Analytics and Bloomberg.

Page 29: Endeavour Silver Corporate Presentation August 8, 2012

El Cubo: Operating Synergies

29

• Two mines in one district should lead to savings in administration, human resources

and purchasing

• Expertise in turning around two other underperforming mines at Guanacevi in 2004

and Bolanitos in 2007

• El Cubo mine methods and equipment are oversized, Bolanitos mine methods and

equipment are undersized, so introduce cut-and-fill methods and buy smaller

equipment to improve output and productivity and reduce ore dilution and cash

costs

• El Cubo has 965 employees producing 1.8 million oz Ag Eq. in 2012, Endeavour has

900 employees producing 3x that (5.5 million oz Ag Eq) in 2012 so retrain,

relocate or reduce work force at El Cubo

• Bolanitos currently produces silver-gold concentrates and trucks them 1000 km

north to the leach plant at Guanacevi, but El Cubo has a smaller older leach plant

and after a modernization and expansion program, Bolanitos will only truck 15 km

• Expertise in discovering new ore-bodies in old districts at Guanacevi and Guanajuato,

16 exploration targets identified for drilling at El Cubo

Page 30: Endeavour Silver Corporate Presentation August 8, 2012

Guadalupe y Calvo: Prospective Gold-Silver Project

30

GyC Highlights

• Advanced gold-silver exploration project

• Well located & accessible in southern

Chihuahua State 300 km SW of

Chihuahua City

• Huge property covers 54,872 hectares,

most of the historic gold-silver district

• District produced 1.5+million oz Au & 20+

million oz Ag historically

• Two major veins up to 60 m wide & 6 km

long

• Classic epithermal ore-bodies in lower

tertiary andesites

• Historic indicated resources1 of 7.6 million

oz silver and 126,000 oz gold and

inferred resources of 4.4 million oz silver

and 67,000 oz gold1

1 Endeavour has not verified the historic reserves/resources, so they should not be relied upon

Page 31: Endeavour Silver Corporate Presentation August 8, 2012

31

San Sebastian: Historic Silver-Gold District

• Discovered in 1542, mined for

centuries, largely un-explored

• Four large silver-gold vein systems

each 3 km long

• Covers +50 small historic mines on

+20 separate veins

• Classic epithermal ore-bodies in

Lower Tertiary andesites

• Located 40 km northwest of Puerto

Vallarta in Jalisco State

• One small mine (La Quiteria)

operates in the district

• Recent grab samples assay up to

11,824 gpt Ag, 40.3 gpt Au

Property Highlights

Page 32: Endeavour Silver Corporate Presentation August 8, 2012

32

San Sebastian: New High Grade Discovery

TR02-1 1,489 gpt Ag, 0.85 gpt Au / 5.66m

TR12-1 500 gpt Ag, 1.15 gpt Au / 11.48m

TR13-1 222 gpt Ag, 10.73 gpt Au / 13.34m

TR15-1 287 gpt Ag, 1.08 gpt Au / 4.37m

RECENT DRILL RESULTS

Page 33: Endeavour Silver Corporate Presentation August 8, 2012

33

Financial Performance:

Operating Performance:

2012 Guidance:

Financial Performance: Annual Growth

2010 2011 Q1 2012

Sales Revenues: US$86.5 million US$128.0 million US$40.4 million, Up 11%

Mine Op. Cash Flow: $45.0 million $86.4 million $24.1 million, Up 2%

Operating Cash Flow: $32.7 million $47.4 million $16.9 million

Adjusted Net Earnings: $ 1.7 million $32.4 million $5.9 million

$0.02/share $0.37/share $0.06/share

2010 2011 Q2 2012

Silver Production 3,285,634 oz 3,730,128 oz 1,040,026 oz, Up 22%

Gold Production 17,711 oz 21,807 oz 7,695 oz, Up 59%

Realized Silver Price $19.62 $35.61 $29.21 per oz

Silver Production: 4.9-5.0 million oz, Up 32%

Gold Production: 33,500-35,000 oz, Up 54%

Cash Cost: US$6.00 - $7.00

Page 34: Endeavour Silver Corporate Presentation August 8, 2012

10.8

10.2

9.4

8.2

7.1

5.1

4.7

1.2

0.4

(6.8)

Silver

Standard

Great

Panther

Alexco

Pan

American

First Majestic

Coeur

d'Alene

Endeavour

Endeavour

Pro Forma

Hecla

Fortuna

Silvercorp

20.9

9.5

7.2

7.1

5.3

5.0

3.7

2.5

2.0

1.5

Pan

American

Coeur

d'Alene

Hecla

First Majestic

Silver

Standard

Silvercorp

Endeavour

Pro Forma

Endeavour

Fortuna

Alexco

Great

Panther

19.1

21.9

34 34

2011 Cash Costs2 2011 Silver Production

1

AgEq Resources3

(Moz Ag) ($US/oz Ag) (Moz AgEq)

Sen

ior

M

id-T

ier

Em

ergin

g

1 Presented on a silver only basis. Silvercorp production based on March 31 fiscal year end.

2 Cash cost net of by-product credits as reported. El Cubo cash costs calculated on the bases of ounces produced during 2011.

3 Reflects silver and gold reserves & resources only; equivalent calculations based on 55:1 silver to gold ratio.

4 Combination analysis for El Cubo includes production, cash costs and reserve & resource estimates from Guadalupe y Calvo. Endeavour has not verified Aurico’s reserves/resources, they are considered to

be historic & should not be relied upon

Source: Thomson One Analytics, Bloomberg and Intierra Ltd.

779

502

314

260

249

121

117

35

26

Pan

American

Silver

Standard

Coeur

d'Alene

Hecla

First

Majestic

Endeavour

Pro Forma

Silvercorp

Endeavour

Fortuna

Alexco

Great

Panther

1,734

1,820

4

4

A Premier Low-Cost Mid-Tier Producer

4

Page 35: Endeavour Silver Corporate Presentation August 8, 2012

35

• Deliver 8th consecutive year of growth in revenues, cash flow, earnings, production,

reserves & resources

• Optimize El Cubo mine, 2012 focus on turning around mine operations and exploration,

then expand production in 2013

• Expand Bolanitos mine 60% to 1600 tpd, now underway

• Expand Guanacevi mine 20% to 1200 tpd, now underway

• Expand reserves and resources by aggressive brown-fields exploration at three mines

• Make new discoveries by green-fields exploration at exploration properties

• Continue to acquire new silver-gold exploration properties to build project pipeline and

fuel organic growth

Near Term Catalysts for Growth

We have the core assets, management team, track record, balance

sheet and share structure to continue delivering out-performance

Page 36: Endeavour Silver Corporate Presentation August 8, 2012

36

Contact Us

Endeavour Silver Corp.

Suite 301-700 West Pender Street

Vancouver, BC, V6C 1G8

Canada

[email protected]

[email protected]

www.edrsilver.com

Phone: 1-604-685-9775 Fax: 1-604-685-9744

Canada and US Toll-Free: 1-877-685-9775

Page 37: Endeavour Silver Corporate Presentation August 8, 2012

37

Appendix

Page 38: Endeavour Silver Corporate Presentation August 8, 2012

Why Silver?

38

• Silver is an Industrial Metal:

unlike gold, silver is

consumed & the number of

industrial uses is

multiplying

• Silver is a Precious Metal:

like gold, silver is money &

its role as a store of value

and a hedge against

monetary inflation is

growing

• Currency debasement is not

new – governments

throughout history have

“printed” money eg. Falling

silver % in the Roman

Denarius coin

Demand 2010

Denarius % Silver

Page 39: Endeavour Silver Corporate Presentation August 8, 2012

39

Social Responsibility 2011 Highlights

• Endeavour Silver strives to improve the

quality of life for every employee &

each community in which it works by

operating in the most socially

responsible manner

• Placed 2nd

out of 20 teams in First Aid

& 3rd

out of 27 teams in Mine Rescue

at recent Mexico National Mine

Safety Competition

• Given two top national 2011 safety

awards for Guanacevi & Guanajuato

mines

• Granted Clean Industry Award for

environmental responsibility at

Guanacevi & another one pending for

Guanajuato

• Launched $1 million 5 year university

scholarship endowment program in

Canada & Mexico

• Funded 100 wheelchair program in

Mexico for people in need

Page 40: Endeavour Silver Corporate Presentation August 8, 2012

Endeavour Reserves & Resources (as of June 1, 2012)

40

Tonnes Ag g/t Au g/t Ag oz Au oz Aq Eq Total

Proven

GCVI 773,000 304 0.65 7,555,500 16,200 891,000 8,446,500

GTO 337,000 186 2.40 2,019,700 26,000 1,430,000 3,449,700

EC 285,000 138 2.14 1,270,000 19,600 1,078,000 2,348,000

Total 1,395,000 242 1.38 10,845,200 61,800 3,399,000 14,244,200

Probable

GCVI 799,000 231 0.39 5,935,400 10,100 555,500 6,490,900

GTO 179,000 225 2.63 1,297,200 15,200 836,000 2,133,200

EC 1,310,000 137 2.20 5,770,000 92,500 5,087,500 10,857,500

Total 2,288,000 177 1.60 13,002,600 117,800 6,479,000 19,481,600

Measured

GTO 258,000 177 2.51 1,470,900 20,800 1,144,000 2,614,900

EC 256,000 78 1.58 640,000 13,000 715,000 1,355,000

Total 514,000 128 2.05 2,110,900 33,800 1,859,000 3,969,900

Indicated

GCVI 2,849,000 217 0.42 19,922,300 38,800 2,134,000 22,056,300

GTO 2,539,000 161 2.20 13,154,500 179,600 9,878,000 23,032,500

San Seb 307,000 199 0.55 1,965,800 5,400 297,000 2,262,800

EC 1,095,000 108 1.81 3,790,000 63,500 3,492,500 7,282,500

Total 6,790,000 178 1.32 38,832,600 287,300 15,801,500 54,634,100

Resources Inferred

GCVI 2,013,000 217 0.40 14,050,900 26,200 1,441,000 15,491,900

GTO 1,858,600 164 1.91 9,779,600 114,100 6,275,500 16,055,100

San Seb 354,000 211 0.52 2,401,700 5,900 324,500 2,726,200

EC 2,480,000 143 2.77 11,410,000 220,000 12,100,000 23,510,000

Total 6,705,600 175 1.70 37,642,200 366,200 20,141,000 57,783,200

Tonnes Ag g/t Au g/t Ag oz Au oz Aq Eq Total Pb% Zn%

Indicated

Parral 934,000 49 1.46 1,471,400 43,800 2,409,000 3,880,400 3.18 3.20

Total 934,000 49 1.46 1,471,400 43,800 2,409,000 3,880,400 3.18 3.20

Resources Inferred

GCVI 307,000 98 0.1 962,900 1,000 55,000 1,017,900 2.36 4.36

Parral 528,000 61 1.45 1,035,500 24,600 1,353,000 2,388,500 3.00 2.74

Arroyo Seco 738,181 220 0.07 5,226,785 1,617 88,935 5,315,720 0.65 0.18

Total 1,573,181 143 0.54 7,225,185 27,217 1,496,935 8,722,120 1.77 1.85