Endeavour Silver Corp.

Endeavour Silver Corp.

March 16, 2005 14:02 ET

Endeavour Silver Corp.: Change of Year End


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ENDEAVOUR SILVER CORP.

TSX VENTURE SYMBOL: EDR

MARCH 16, 2005 - 14:02 ET

Endeavour Silver Corp.: Change of Year End

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 16, 2005) - Endeavour
Silver Corp. (TSX VENTURE:EDR) announces that the Company intends to
change the ending date of its financial year from February 28 to
December 31, in accordance with the requirements of National Instrument
51-102. The Company recently acquired a 51% interest in the producing
Santa Cruz silver mine and Guanacevi mineral processing plant, located
in Durango, Mexico, through the Company's purchase of 51% of the shares
of Minera Santa Cruz & Garibaldi S.A. de C.V. (the Company's "Operating
Company") and the related asset purchase. The Operating Company's
financial year-end is December 31. The change in financial year is due
to management's desire to change the Company's financial year-end to the
same year-end as that of its Operating Company.

With respect thereto:

(a) the Company has sought and obtained the approval of Canada Revenue
Agency and the directors of the Company have approved the proposed
change;

(b) the last day of the Company's current financial year is February 28,
2005.

(C) the last day of the Company's proposed financial year will be
December 31, 2005.

(d) during the transition year the Company's interim financial
statements will be prepared for the periods ending March 31, 2005, June
30, 2005, and September 30, 2005 and the quarters ended May 31, 2004,
August 31, 2004 and November 30, 2004 will be used for comparative
purposes.

Endeavour Silver Corp. (TSX VENTURE:EDR) is a small-cap exploration and
mining company focused on aggressively expanding its portfolio of high
grade silver-gold properties, reserves and production in Mexico. Canarc
Resource Corp. (TSX:CCM) holds a minority shareholding in the Company.

On Behalf of the Board of Directors,

ENDEAVOUR SILVER CORP.

Philip Yee, Chief Financial Officer

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Endeavour Silver Corp.
    Hugh Clarke
    (604) 685-9775 or Toll Free: 1-877-685-9775
    (604) 685-9744 (FAX)
    investorrelations@edrsilver.com
    www.edrsilver.com
    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this news release.