Endeavour and Teranga announce combination to create new senior gold producer

Endeavour Mining Corporation (“Endeavour”) and Teranga Gold Corporation (“Teranga”) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”) whereby Endeavour will acquire all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the Canada Business Corporations Act (the “Combination”). Management will host a joint conference call and webcast today, at 8.30amToronto time, 1.30pmLondon time (information provided in the section below).

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