Endeavour Financial Corporation

Published : April 01st, 2008

Renews normal course issuer bid

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ENDEAVOUR MINING CAPITAL RENEWS NORMAL COURSE
ISSUER BID



Toronto Stock Exchange: EDV

March 31, 2008

George Town, Grand Cayman -- Endeavour Mining Capital Corp. (�Endeavour� or the �Corporation�) announces that it has received regulatory approval from the Toronto Stock Exchange ("TSX") to renew its Normal Course Issuer Bid (�NCIB�) to purchase its common shares through the facilities of the TSX for a further one-year period. The Corporation�s NCIB will now expire on April 3, 2009.

The board of directors believes that the Corporation�s common shares are currently trading in a price range which does not adequately reflect their value in relation to the Corporation�s future business prospects or in relation to the Corporation�s net book value per share (diluted in the money basis) which was approximately CDN$10.05 on March 28, 2008. As a result, depending upon future price movements and other factors, the board of directors of the Corporation believes that the repurchase of the common shares of the Corporation are in the best interest of the Corporation and its shareholders and represents an accretive use of corporate funds.

Endeavour has received approval from the TSX to acquire up to an additional 2,827,724 common shares, representing approximately 10% of the public float of common shares, during the period from April 4, 2008 to April 3, 2009. Any such purchases will be made at the prevailing market price at the time of such purchases in accordance with the requirements of the TSX. Any shares so purchased by Endeavour will be cancelled. A total of 34,077,407 common shares were outstanding as of March 28, 2008. Subject to certain prescribed exemptions, the Corporation is limited on any given trading day to purchasing 13,541 common shares, representing 25% of the average daily traded volume of the Corporation's common shares for the six months preceding the commencement of the NCIB.

Under Endeavour�s previously approved NCIB, an aggregate of 113,000 common shares were acquired at a weighted average price of CDN$8.06. All such shares have either been cancelled or are in the process of being cancelled.

Endeavour Mining Capital Corp. is a publicly-traded merchant banking company offering integrated capital investment and financial advisory services to the global natural resources sector. The Corporation offers a unique combination of financial and intellectual capital to help build companies and create shareholder value. Our shares are listed on the Toronto Stock Exchange under the symbol EDV and offer a distinctly different way to invest in the natural resources sector.

For additional information, please visit our corporate website,
www.endeavourminingcapital.com.

On behalf of Endeavour Mining Capital Corp.

�Bill Koutsouras�
Chief Financial Officer, Director & Secretary

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of Endeavour Mining Capital Corp. Forward-looking information, specifically that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Corporation�s filings with the appropriate securities commissions.


For additional information, contact:

Sally Eyre
Director Marketing & Business Development
604 609 6129

or

Vanguard Shareholder Solutions
1-866-801-0779 or (604) 608-0824
email:
investor@endeavourminingcapital.com

















Endeavour Financial Corporation

EXPLORATION STAGE
CODE : EDV.TO
ISIN : KYG3040R1092
CUSIP : G3040R109
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Endeavour Financial is a producing gold and cobalt company based in Cayman islands.

Its main exploration property is FYRE LAKE (KONA) in Canada.

Endeavour Financial is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.3 billions as of today (US$ 1.8 billions, € 1.6 billions).

Its stock quote reached its lowest recent point on January 15, 1999 at CA$ 10.02, and its highest recent level on August 10, 2007 at CA$ 97.43.

Endeavour Financial has 96 450 000 shares outstanding.

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Corporate Presentations of Endeavour Financial Corporation
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In the News and Medias of Endeavour Financial Corporation
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Annual reports of Endeavour Financial Corporation
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