ENDEAVOUR SILVER CORP

is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico, Peru, Chile and the U.S. The Company completed the sale of the Bola itos Mine in Guanajuato acquired in 2007 (" Bola itos ") in 2026. Subsequent to the sale of the Bola itos Mine, the Company has two producing silver-gold mines in Mexico and one in Peru: the Guanacev Mine in Durango acquired in 2004 (" Guanacev "), the Terronera Mine in Jalisco state acquired in 2010 (" Terronera "), and the Kolpa Mine, a silver-zinc-lead-copper mine in Peru acquired in 2025 (" Kolpa "). The prospective Pitarrilla property in Durango State was acquired in 2022 and the Parral properties in Chihuahua were acquired in 2016. The Company has several early stage exploration projects in Chile accumulated since 2012. In 2021, the Company acquired the Bruner property, located in Nye County, Nevada, U.S. which is an exploration project that includes mineral claims, mining rights, property assets, water rights, and government authorizations and permits. 3.1 Three Year History Financial Year ended December 31, 2023 In April 2023, the Company made a formal decision to proceed with the construction of an underground mine and mill at the Terronera Project. The board of directors of the Company (the " Board ") approved the construction based on an operating scenario, consisting of a process plant with 2,000 tonne per day capacity and an initial capital expenditure cost of $230 million.