Avnel Gold Receives Order Sanctioning Scheme of Arrangement

Avnel Gold Mining Ltd.

ST. PETER PORT, GUERNSEY--(Marketwired - Sept. 14, 2017) - Avnel Gold Mining Limited (TSX:AVK) ("Avnel") is pleased to announce that today it has received the order of the Royal Court of Guernsey (the "Court") sanctioning the previously announced scheme of arrangement under Part VIII of the Companies (Guernsey) Law, 2008 (as amended) (the "Scheme"), pursuant to which Endeavour Mining Corporation ("Endeavour") (TSX:EDV) will acquire all of the issued and outstanding ordinary shares of Avnel. Pursuant to the Scheme, holders of ordinary shares of Avnel subject to the Scheme ("Scheme Shares") will receive, for each Scheme Share held, 0.0187 ordinary shares in the capital of Endeavour.