Endurance Gold Corporation

Published : March 28th, 2007

Options Remaining Dogpaw Lake Area Claims To North American Uranium Corp

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Keywords :   Gold | Johnson | Uranium |
======================================================================
Endurance Options Remaining Dogpaw Lake Area Claims To North
American Uranium Corp
======================================================================

News Release 07-07

Endurance Gold Corporation (EDG -- TSX.V, the "Company") is pleased to
announce that it has entered into an option agreement with North
American Uranium Corp ("NAUC"), a private British Columbia corporation,
whereby NAUC can acquire up to a 75% interest in 14 claims comprising
60 claim units (the "Property") in the Dogpaw Lake Area of northwestern
Ontario. Under the terms of the agreement, NAUC may earn an initial 70%
interest (the "Initial Option") in the Property through issuing 400,000
shares to EDG, and by completing $200,000 in exploration expenditures
on the Property by June 30, 2007. On exercise of the Initial Option,
NAUC has 30 days to determine if it will elect to exercise a second
option (the "Second Option"), whereby it may earn an additional 5%
interest in the Property through issuing an additional 50,000 shares
and completing an additional $250,000 in exploration expenditures
within 12 months of electing to exercise.

On exercise of the Initial Option, and if NAUC elects not to exercise
the Second Option, then the parties will form a 70% NAUC -- 30% EDG
joint venture to proceed with any exploration and development on the
Property. Should NAUC exercise the Second Option, then the parties will
form a 75% NAUC -- 25% EDG joint venture to proceed with any
exploration and development on the Property.

The claims comprising the Property occur in three groupings. Four
claims, located in the southeast portion of the Dogpaw Lake Area
map-sheet, cover a large felsic intrusive known as the Stephen Lake
Stock. During a 2003 reconnaissance mapping program within the
intrusive, EDG discovered a zone of fracture controlled pyritic
mineralization that returned initial grab samples to 47.3 gpt Au.
Surface stripping and channel sampling of this zone opened up an area
of mineralization measuring 80 metres by 30 metres, from which the
composite grade of 93 channel samples was 1.99 gpt Au, including a 10.0
metre trench averaging 4.22 gpt Au. In the winter of 2004, EDG
completed a short seven hole drill program beneath the surface
mineralization, with best results of 1.79 gpt Au across 7.0 metres.

In the northwest portion of the map-sheet, five claims cover a series
of north-south trending shear zones cutting mafic intrusive and
metavolcanic rocks, along which several gold occurrences have been
documented. At the Jenson-Johnson Occurrence, surface sampling by EDG
in 2003 returned widespread anomalous gold values in excess of 1.0 gpt
over a north-south distance of 250 metres. At the Knapp Lake
Occurrence, narrow zones of silicification within a north-south shear
returned individual grab samples to 47.75 gpt Au.

In the north-central portion of the map-sheet, an additional five
claims cover a northwest-southeast trending mineralized zone within
altered (sericitized) felsic tuffaceous rocks. Surface sampling on the
shores of Dogpaw Lake in 2003 returned individual grab samples to 23.42
gpt Au from this horizon, with a 6.8 metre channel sample returning
gold values of 1.05 gpt.

Duncan McIvor, President and CEO of EDG stated: "This transaction
continues our effort to divest ourselves of non-core assets, while
maintaining a substantial equity position in our new partners and the
ability to participate down the line in the event of real exploration
success. I believe NAUC will become an exciting new partnership for
Endurance, as they explore the Dogpaw Lake Property and assemble a
strong portfolio of new projects. At the same time, this frees us to
aggressively pursue our gold and gold-uranium projects in the Cobalt
Embayment area of Ontario, and our sediment hosted gold projects in
central and northwestern British Columbia."

NAUC will immediately undertake a drilling program on several targets
on the Property, in order to meet its June 30th expenditure commitment.

Duncan McIvor, P. Geo is the Qualified Person under National Instrument
43-101, and is responsible for the content of this news release.

ENDURANCE GOLD CORPORATION

Per: "Duncan McIvor"
President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT
Jeffrey Wilson, Corporate Communications (604) 868-0225, or visit our
website at www.endurancegold.com

The TSX Venture Exchange or any other regulatory authority has not
reviewed, and does not accept responsibility for, the adequacy or
accuracy of this news release.

======================================================================
Copyright (c) 2007 ENDURANCE GOLD CORPORATION (EDG) All rights
reserved. For more information visit our website at
http://www.endurancegold.com/ or send mailto:info@endurancegold.com
======================================================================

.

Endurance Gold Corporation

EXPLORATION STAGE
CODE : EDG.V
ISIN : CA29267M1086
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Endurance Gold is a gold exploration company based in Canada.

Its main exploration properties are CARTER in USA and ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO and DOGPAW LAKE in Canada.

Endurance Gold is listed in Canada. Its market capitalisation is CA$ 16.7 millions as of today (US$ 13.3 millions, € 11.7 millions).

Its stock quote reached its lowest recent point on January 16, 2009 at CA$ 0.01, and its highest recent level on July 15, 2022 at CA$ 0.57.

Endurance Gold has 101 090 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Financings of Endurance Gold Corporation
7/23/2016Closes First Tranche of Private Placement
2/27/2014Close First Tranche of Private Placement
2/18/2014Announces Private Placement of $300,000
7/11/2013Closes Private Placement of $500,000
6/12/2013Announces Private Placement Of $500,000
5/25/2012Closes Private Placement Of $500,000
5/11/2012Announces Private Placement Financing
8/10/2011Closes Private Placement Of $350,000
8/2/2011Increases Private Placement
7/25/2011Announces Private Placement of $250,000
2/18/2011Announces Private Placement of $540,000
3/31/2010Shareholders Exercise 95 Percent Of Expiring Warrants
Nominations of Endurance Gold Corporation
4/29/2011Robert Pease Appointed To Board Of Directors
10/11/2007 Appoints Robert Boyd to Board of Directors
Financials of Endurance Gold Corporation
8/22/2007Reports 2007 Second Quarter Financial Results and Summary of...
Project news of Endurance Gold Corporation
11/21/2013Completes 2013 Rattlesnake Hills Exploration Program in Wyom...
10/28/2013(Pardo)Responds To Arbitration Notice Respecting The Pardo Joint V...
9/24/2013(Pardo)Final Gold Assays At 007 And Eastern Reef Zones Pardo Gold J...
9/3/2013Initiates 2013 Rattlesnake Hills Exploration Program, Wyomin...
4/10/2013Significantly Expands Rattlesnake Hills Gold District Proper...
4/4/2013Partner Proceeds with McCord Creek Gold Property Option, Ala...
1/21/2013(Bandito)to Acquire 100% Interest in the Bandito Heavy Rare Earth Nio...
9/11/2012(Pardo)Drilling Commences on Pardo Gold Joint Venture, Ontario
8/1/2012Doubles Size of McCord Creek Gold Property, Alaska
5/2/2012Identifies Partner To Fund The McCord Creek Gold Property, L...
4/25/2012Soil Anomalies Discovered on the McCord Creek Property, Live...
3/29/2012(Pardo)Enters Into Joint Venture On Pardo Gold, Ontario
2/27/2012Expands Land Position on Elephant Gold Prospect, Alaska
9/19/2011(Bandito)Drilling Commenced on the Bandito Property
9/8/2011(Bandito)Copper, Rare Earth and Niobium Prospects Discovered Bandito ...
8/17/2011Exploration Commenced on the Mccord Creek Gold Property, Liv...
7/25/2011(Bandito)Exploration Commenced On The Bandito Rare Earth And Nickel P...
3/3/2011(Bandito)Additional Staking Further Increases Size of the Bandito Pro...
8/24/2010(Dogpaw Lake)New High Grade Gold Zone Discovered on Dogpaw Lake Joint Ven...
6/29/2010(Pardo)2010 Drilling Commenced
1/13/2010Ginguro Reports High Grade Grab Sample Results On Endurance ...
11/23/2009(Nechako)Nechako Drill Program Results
10/27/2009(Nechako)Completes Drilling on the Nechako Gold Project, B.C., and Ge...
8/18/2009(Pardo)Commences Work On Endurance Pardo Property
2/20/2008(Pardo)Pardo Cyanide Leach and Screen Fire Metallic Analytical Resu...
Corporate news of Endurance Gold Corporation
7/23/2016Endurance Closes First Tranche of Private Placement
6/30/2016Endurance Gold Announces Private Placement of $500,000
6/29/2016Endurance Announces Update On Rattlesnake Hills District, Wy...
5/26/2016Endurance Announces Grant Of Stock Options
10/20/2015Endurance Confirms No Material Change
10/13/2015Endurance Closes the Sale of Rattlesnake Hills Property, Wyo...
8/10/2015Endurance Announces Sale of Rattlesnake Hills Property, Wyom...
6/11/2015Exploration Commenced - Elephant Mountain Intrusive-Hosted G...
4/20/2015Significant Intrusive-Hosted Gold Targets Confirmed - Elepha...
4/7/2015Endurance Gold Announces Private Placement of $500,000
3/10/2015Endurance Announces Start Of Drilling - Pardo JV, Ontario
1/20/2015Endurance Announces Winter Drill Program - Pardo JV, Ontario
1/15/2015Endurance Announces Winter Drill Program - Pardo Jv, Ontario
11/20/2014Endurance Provides Update From The Pardo Joint Venture, Onta...
11/20/2014Endurance Provides Update from the Pardo Joint Venture, Onta...
10/30/2014Endurance Closes Private Placement Of $650,000
10/20/2014Endurance Provides Further Update From The Godzilla Zone, Pa...
10/16/2014Endurance Announces Re-Pricing And Increase Of Private Place...
9/29/2014Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from...
1/13/2014Encouraging Gold Results In Intrusive - Elephant Mountain Go...
12/19/2013(Pardo)Pardo JV Operator Provides Clarifying Disclosure on Eastern ...
12/3/2013Serves Defense and Counterclaim - Arbitrator Appointed
9/6/2013(Pardo)Further Results At Eastern Reef Zone Discovery, Pardo Gold J...
8/29/2013(Pardo)Further High Grade Gold at 007 Zone Discovery, Pardo Gold Jo...
8/15/2013(Pardo)New High Grade Gold Discoveries On Pardo Gold Joint Venture,...
11/5/2012(Bandito)New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Y...
9/27/2012Wide Low Grade Gold Zone Discovered on Flint Lake (Dogpaw) J...
1/9/2012Acquires Intrusive-Hosted Gold Prospect In Alaska
10/12/2011Trench Returns 2.65% Treo+Y over 6 Meters
6/1/2011(Bandito)2011 Bandito Rare Earth and Nickel Program Initiated
5/24/2011(Bandito)Bandito Rare Earth Alteration System Expanded Nine Square Ki...
5/11/2011Creates Technical Advisory Committee
3/17/2011Closes Private Placement Of $540,000
4/12/2010President and CEO Duncan McIvor Passes away
11/13/2009Granted State Leases Totaling An Additional 2,560 Acres In R...
6/26/2009Identifies Gold Mineralization On 100% Owned Gold Properties...
2/1/2008Virginia Silver Property Optionor Mega Silver Inc. Completes...
1/28/2008 Retains Renmark Financial Communications Inc.
11/5/2007 Commences Aerial Survey Of Pardo Property; Provides Turner ...
8/20/2007Completes 56 Holes at Pardo
7/12/2007Moves Drill To Pardo For 80 Hole Program
5/24/2007Stakes Additional Claims Near Pardo And Turner Properties
3/28/2007Stakes Additional 175 Claim Units Around Turner Property
3/28/2007Options Remaining Dogpaw Lake Area Claims To North American ...
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