Endeavour Silver Corp.

Endeavour Silver Corp.

November 27, 2006 10:06 ET

Endeavour Drilling Continues to Extend High Grade Silver Mineralization at Porvenir Mine, Guanacevi Mines Project, Mexico;

Spanish Webpage Launch.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 27, 2006) - Endeavour Silver Corp. (TSX:EDR) (PINK SHEETS:EDRGF) (FWB:EJD) announces that recent drilling has extended the high grade silver mineralized zone for more than 1000 m along strike at the Porvenir mine, part of the Guanacevi Mines Project in Durango, Mexico.

Significant drill intercepts are shown in the attached table and the Porvenir mine longitudinal section can be found on Endeavour's website.


Drilling highlights along the strike of the Santa Cruz vein to the southeast of the mine include hole NP5-2, which assayed 415 gpt silver and 0.23 gpt gold over a 9.35 m length (12.4 oz per ton Ag equivalent over 30.7 ft) and included a higher grade interval of 1024 gpt silver and 0.03 gpt gold over 0.75 m (29.9 oz per ton Ag equivalent over 2.5 ft).

Southeast of section NP2, the mineralization appears to weaken into smaller ore zones and bottom out below 150 m in depth. However, the Santa Cruz silver mine and resource lies only a few hundred meters further along strike to the southeast and the mineralized zone remains open towards the northwest and at depth.

Underground drilling was halted there in Q3, 2006 to allow time for the Santa Cruz shaft to be rehabilitated and an additional drill crosscut and station to be developed. Drilling is scheduled to resume on level 13 of the Santa Cruz mine in Q1, 2007 with the goal to continue extending the Santa Cruz mineralized zone along strike and down dip.

Drilling highlights along the strike of the Santa Cruz vein to the northwest of the mine include hole NP21-6, which returned multiple high grade zones such as 1174 gpt silver and 3.28 gpt gold over 2.3 m (39.0 oz per ton Ag equivalent over 7.5 ft) and 488 gpt silver and 0.61 gpt gold over 8.15 m (15.1 oz per ton Ag equivalent over 26.7 ft).

Northwest of section NP18, the mineralization appears to strengthen, thicken and splay into multiple parallel high grade silver zones that top out above 150 m in depth. Some of these zones should be amenable to lower cost, bulk underground mining methods. The Porvenir Dos silver discovery announced in Q1, 2006 lies only a few hundred meters further along strike to the northwest and it also remains open towards the northwest and at depth.

Based on over 100 diamond drill holes completed by Endeavour over the past two years, the high grade silver mineralized zone at the Porvenir mine now extends continuously for a distance of over 1000 m from section NP-2 to section NP-22. Mineralization has recently been extended along strike and down dip by drilling to section NP-25, where the drill is now working.

Two diamond drills continue to turn at the Guanacevi Mines project, one extending the mineralization to the northwest of the Porvenir mine and the other testing silver targets to the southeast of the Santa Cruz mine. Two other drills have been mobilized to start work at Endeavour's Parral project in Chihuahua, Mexico, approximately 110 km north of Guanacevi.

Bradford Cooke, Chairman and CEO stated, "We continue to be pleasantly surprised by the excellent drill results and the growing length and depth of the Porvenir ore-body. Our exploration team has done a great job tracing this high grade mineralized zone along strike and down dip, still open for expansion. As a result, management has a reasonable expectation of meeting or beating the 20 to 30 million oz silver resource target for 2006.

Godfrey Walton, M.Sc., P.Geo., is the Qualified Person supervising the surface and underground drilling and sampling programs at the Guanacevi Mines Project. A Quality Control sampling program of blanks and duplicates has been instituted to monitor the integrity of all assay results. All core samples are split at the Guanacevi minesite, assayed at the Guanacevi plant, and rejects, blanks and duplicates are delivered to the BSI Inspectorate sample prep lab in Durango for the preparation of sample pulps. Samples are dried, crushed, split and 30 gram pulp samples are then air freighted to Reno, Nevada for analysis at the BSI Inspectorate laboratory. Gold and silver at both Guanacevi and BSI are determined by fire assay with an atomic absorption (AA) finish.

Endeavour also announces the launch of its new Spanish language webpage which can be found at the following url: http://www.edrsilver.com/sp/Home.asp.

Endeavour Silver Corp. (TSX:EDR) (PINK SHEETS:EDRGF) and (FWB:EJD) is a silver mining company focused on the aggressive growth of its silver production, reserves and resources in Mexico. The expansion program now underway at the high grade Guanacevi Mines Project in the state of Durango should propel Endeavour into the ranks of the top primary silver producers.



Bradford J. Cooke, Chairman and CEO


Certain statements contained herein regarding the Company and its operations constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company's filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them. Godfrey Walton, P.Geo. and/or Bradford Cooke, P.Geo. are the Qualified Persons for the Company as required by NI 43-101. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbour.

Porvenir Mine Drill Results

Hole From Length Silver Gold Length Ag Eq.
(no) (m) (m) (gpt) (gpt) (ft) (opt)

NP1S-1 183.6 1.1 502 0.14 3.6 14.8
and 194.6 1.65 248 0.45 5.4 7.9

NP2S-2 230.2 0.5 610 0.58 1.6 18.6

NP2-1 175.90 1.6 223 0.41 5.2 7.1

NP3-1 179.25 2.85 437 0.67 9.4 13.7

NP4-1 59.8 1.95 174 0.40 6.4 5.7

NP4-2 185.5 3.75 572 1.00 12.3 18.1

NP5-1 65.2 1.7 211 1.17 5.6 7.9

NP5-2 225.1 9.35 415 0.23 30.7 12.4
incl. 225.1 0.75 1024 0.03 2.5 29.9

NP5-3 259.05 2.6 507 0.57 8.5 15.6
incl. 259.05 0.95 1029 1.09 3.1 31.6

NP 18-4 426.05 1.75 373 0.36 5.7 11.4

NP20-6 438.8 2.0 287 0.51 6.6 9.1

NP20-7 402.9 8.3 397 0.14 27.2 11.8

NP21-6 365.05 5.2 735 1.54 17.1 23.7
incl. 366.70 2.3 1174 3.28 7.5 39.0
and 373.70 8.15 488 0.61 26.7 15.1
and 384.80 1.35 261 0.36 4.4 8.1

NP22-4 263.80 1.90 401 0.53 6.2 12.5
and 268.70 5.35 888 1.54 17.6 28.1
incl. 270.10 2.40 1280 1.13 7.8 39.0
and 302.40 1.45 405 0.11 4.8 12.0

True widths range from 65% to 95% of core lengths. Silver equivalents are
based on a 50 silver: 1 gold ratio using US4625 gold and US412.50 silver

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