Endeavour Silver Corp.

Endeavour Silver Corp.

February 24, 2005 13:23 ET

Endeavour Strengthens Senior Management Team


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ENDEAVOUR SILVER CORP.

TSX VENTURE SYMBOL: EDR

FEBRUARY 24, 2005 - 13:23 ET

Endeavour Strengthens Senior Management Team

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 24, 2005) - Endeavour
Silver Corp. (TSX VENTURE:EDR) announces that it has strengthened its
senior management team, both by adding some new key personnel and by
promoting from within the Company. With these new appointments,
Endeavour has successfully made the transition from an exploration
company into an integrated mining company.

Bradford Cooke, M.Sc., P.Geo., the current President, is stepping up to
the role of Chairman and C.E.O. in order to focus on the preparation,
financing and execution of Endeavour's strategic growth plan to become
one of the top 5 primary silver producing companies in the world. Mr.
Cooke, a professional geologist with 28 years experience in the mining
industry, re-organized Endeavour in 2002 and charted the current path of
the Company.

Godfrey Walton, M.Sc., P.Geo., currently Vice President, will take over
as the new President and C.O.O., responsible for overseeing the
day-to-day operations of the Company. Mr. Walton is a professional
geologist with 30 years experience in the mining sector, specializing in
the exploration and development of ore deposits throughout North and
South America. Godfrey has also been with Endeavour since its
re-organization.

Philip Yee, M.B.A., C.P.A., C.G.A., C.M.A., previously Finance Manager
and Controller, adds the position of C.F.O. to his responsibilities. Mr.
Yee is a certified general accountant with an MBA degree and 16 years
experience in corporate management, regulatory reporting, accounting,
auditing and taxation.

Bruce Bried, B.Sc., P.Eng., joins the Company as Vice President, Mining,
and will oversee the evaluation, acquisition, management and expansion
of all producing projects, focusing initially on expanding the Santa
Cruz mine and Guanacevi process plant. Mr. Bried is a professional
engineer with over 25 years experience in engineering and operating
mines, his specialty is underground vein gold and silver mines.

A graduate of the Colorado School of Mines, Bruce worked with Dickenson
Mines Ltd. from 1980 to 1992 where he managed their underground gold
mine in Red Lake, Ontario, and their underground silver mine in New
Denver, BC. Between 1992 and 2001, he worked with Homestake Mining as
Mine Superintendent at the David Bell Mine, ON and Eskay Creek Mine, BC,
and as Mine General Manager at the Snip Mine, BC and the Lead Mine.
Since 2002 to 2003, Bruce Bried served as a mining consultant to
Kinross, Canarc, and Endeavour, and in 2004, he was the Operating
Manager of Kinross' Lupin Mine.

Michael Rasmussen, Ph.D., comes to Endeavour as Vice President,
Exploration, to oversee the evaluation, acquisition, management and
development of all exploration projects, focusing initially on the Santa
Cruz mine and the Guanacevi district. Mr. Rasmussen is a professional
geologist with over 25 years experience, including 10 years in academia
and the last 15 years in mineral exploration.

From 1980 to 1990, he was a geology instructor with schools and colleges
in the U.S., including Loma Linda University, CA, Green River Community
College, WA, and the University of Washington, WA. Between 1990 and
2004, Michael worked for Echo Bay Mines and then Kinross Gold exploring
for gold, base metals and diamonds in the western US, and discovering
the Emmanuel epithermal gold deposits in Republic, WA. Mr. Rasmussen has
published several papers on the geology and gold deposits of Northern
Washington.

Neil Marshall, B.Sc., is a Mining Engineer who joined the Company last
November as Mine Manager of the Santa Cruz mine in Guanacevi. Mr.
Marshall is a professional engineer, is fluent in Spanish, and has 19
years experience and expertise in the design and operation of
underground gold and silver mines.

From 1986 to 1989, he worked "hands on" as a miner, surveyor and
engineer at three underground gold mines in the western U.S. for Echo
Bay, Nevada Gold Fields and Ivy Minerals. Between 1989 and 1995, Neil
was mine engineer with Echo Bay Mines at the Kettle River mine, WA,
responsible for project management, mine design, and feasibility
studies. Since 1995, Mr. Marshall has acted as mine/project manager for
several underground gold-silver mines in Chile, Peru, Mexico, Arizona
and Alaska, and he has consulted on several new mine developments large
and small.

Miguel Ordaz, Ing., is the Mexico Projects Director and Legal
Representative for the Company in Mexico. Ing. Ordaz has worked with
Endeavour since 2003 and introduced the Santa Cruz project in Guanacevi
to the Company. Mr. Ordaz is a geological engineer with over 30 years
experience in mineral exploration and mine management in Mexico.

From 1972 to 1991, Miguel worked as a geological engineer, projects
manager, department head and branch director for various branches of the
Mexican Government, including the geological survey (CRM), non-metallic
minerals commission (FMNMM), uranium branch and mines commission
(COFOMIN). From 1991 to 1994, he was Director of COFOMIN in Guanacevi
and Chihuahua, responsible for facilitating small to medium scale mining
in the district through investment, exploration, beneficiation,
commercialization and industrial studies. Between 1994 and 2003, Ing.
Ordaz worked as a mining consultant, exploration manager and general
manager for several Mexican mining companies.

Ramon Castillo, M.B.A., C.P.P., joins Endeavour as Mexico Finance
Director, responsible for the day- to-day finance, audit and accounting
functions of the Mexican subsidiaries. Ramon brings to Endeavour over 30
years experience in the financial management and external auditing of
resource companies in Mexico. Since 1991, Sr. Castillo has provided
audit services and tax advice as a partner in Castillo Cervantes
Consultores, SC. He recently completed his Ph.D. studies in Fiscal and
Tax Accounting.

Bradford Cooke, Endeavour's new Chairman, stated, "With these new
additions and promotions, Endeavour now has a very strong senior
management team. Our depth of experience and expertise in the discovery,
development and operation of high-grade, epithermal silver-gold vein
deposits and underground mines is amongst the best in the industry, bar
none".

Endeavour Silver Corp. (EDR : TSX-V) 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. (CCM: TSX) holds a minority shareholding in the
Company.

On Behalf of the Board of Directors,

ENDEAVOUR SILVER CORP.

/s/ "Bradford J. Cooke"

Bradford J. Cooke

Chairman and CEO

-30-

Contact Information

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