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| RATIOS & INDEXES |
| Gold / Silver | 61,99 |
| Gold / Oil | 14,77 |
| Dowjones / Gold | 11,04 |
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Thursday, August 30, 2007
Endeavour Reports Update on Cash Position and Short Term Investments
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August 30, 2007 - Vancouver, Canada - Endeavour Silver Corp. (EDR: TSX, EJD: DBFrankfurt, and EXK: AMEX) today reported an update on its cash position and short term investments. The Company currently has US $30 million in working capital, including US $25 million in cash, cash equivalents and marketable securities. A total of US $4.8 million of the US $25 million is held in three Canadian structured investment trust notes, also known as asset backed commercial paper ("ABCP").
These notes are rated R-1 (high) AAA by Dominion Bond Rating Service and mature in September but the current liquidity crisis for all ABCP has impacted the liquidity of these notes. The Company's broker-dealer advises that the current crisis is one of liquidity, not quality, that most of the debt collateral to the notes constitutes high quality bonds and only about 4% of the debt collateral is in the sub-prime mortgage market.
Endeavour holds ample cash and equivalents (treasury bills, GIC's, senior securities) so the ABCP liquidity crisis has no impact on the Company or its operations at this time or for the foreseeable future. Endeavour can therefore just wait for the ABCP crisis to be resolved and liquidity and value to return to the ABCP market.
Endeavour Silver Corp. is a silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Expansion programs are now underway at the high grade Guanacevi Mines Project in the state of Durango and the Bolanitos Mines Project in the state of Guanajuato. The Company's acquisition, exploration and expansion programs now underway should enable Endeavour Silver to join the ranks of the top primary silver producers worldwide.
ENDEAVOUR SILVER CORP.
Per:
/s/ "Bradford J. Cooke"
Bradford J. Cooke
Chairman and CEO
For more information, please contact Hugh Clarke Toll free: 877-685-9775, tel: (604) 685-9775, fax: (604) 685-9744, email investorrelations@edrsilver.com or visit our website, www.edrsilver.com. The TSX Exchange has neither approved nor disapproved the contents of this news release.
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
Certain statements contained herein regarding the Company and its operations constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company's filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them. Godfrey Walton, P.Geo. and/or Bradford Cooke, P.Geo. are the Qualified Persons for the Company as required by NI 43-101. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbour.
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| Présentations des Compagnies de Endeavour Silver Corp. |
| Dans les médias de Endeavour Silver Corp. |
| Rapports annuels de Endeavour Silver Corp. |
| Financements de Endeavour Silver Corp. |
| Attributions d'options de Endeavour Silver Corp. |
| Nominations de Endeavour Silver Corp. |
| Rapports Financiers de Endeavour Silver Corp. |
| Projets de Endeavour Silver Corp. |
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| Communiqués de Presse de Endeavour Silver Corp. |
| 23/05/2013 | Reports Results of Annual General Shareholder Meeting |
| 06/05/2013 | Reports First Quarter 2013 Financial Results, Conference Cal... |
| 06/05/2013 | Reports First Quarter 2013 Financial Results, Conference Cal... |
| 29/04/2013 | Implements Cost Reductions, Revises 2013 Financial Plan to R... |
| 19/04/2013 | Reports Fatality of Contractor Employee at El Cubo Mine |
| 08/04/2013 | Reports Record Production in First Quarter, 2013; Produces 1... |
| 12/03/2013 | Reports Record Earnings, Cash Flow and Revenue in 2012, Conf... |
| 05/03/2013 | Announces New Appointment to Management Team; 2012 Financial... |
| 25/02/2013 | Reports Strong Reserve and Resource Growth in 2012 |
| 13/02/2013 | Sustainability Review 2012 and Outlook 2013 |
| 30/01/2013 | Forecasts Ninth Consecutive Year of Production Growth, El Cu... |
| 19/12/2012 | Drilling Extends High Grade Silver-Gold Mineralization on th... |
| 28/11/2012 | (Guanacevi)Acquires San Fernando Property Adjacent to Milache Discovery... |
| 12/11/2012 | Appoints Luis Castro, Ing., as Vice President, Exploration |
| 12/11/2012 | Appoints Luis Castro, Ing., as Vice President, Exploration |
| 12/11/2012 | Appoints Luis Castro, Ing., as Vice President, Exploration |
| 06/11/2012 | Reports Third Quarter 2012 Financial Results; Q3, 2012 Confe... |
| 09/10/2012 | Illegal Work Stoppage at El Cubo Lease Facilities |
| 24/09/2012 | Continues to Extend High Grade Silver-Gold Mineralization in... |
| 18/09/2012 | Extends High Grade Silver-Gold Mineralization in the Lana Ve... |
| 07/08/2012 | Reports Second Quarter 2012 Financial Results; Arranges $75 ... |
| 10/07/2012 | Production Continues to Climb in Second Quarter, 2012; Produ... |
| 24/04/2012 | to Release First Quarter 2012 Financial Results on May 8, 20... |
| 11/04/2012 | Reports Record Production in First Quarter, 2012; Produces 1... |
| 07/03/2012 | to Release 2011 Financial Results on March 20, 2012, Confere... |
| 24/01/2012 | Review of Exploration Results in 2011 and Plans for 2012 |
| 17/01/2012 | Initiates Two $500,000, 5 Year Scholarship Programs for Eart... |
| 19/10/2011 | Options Lomas Bayas Silver-Gold Property in Chile; Third Qua... |
| 19/07/2011 | to Release Second Quarter 2011 Financial Results on August 3... |
| 11/07/2011 | Reports Continued Production Growth in 2nd Quarter, 2011; Pr... |
| 26/04/2011 | to Release First Quarter 2011 Financial Results on May 5, 20... |
| 11/04/2011 | Reports Record Production in First Quarter, 2011; Produces 9... |
| 07/03/2011 | Announces Transfer of Common Share Listing From NYSE Amex to... |
| 01/02/2011 | 2010 Exploration Review and Exploration Plans for 2011 |
| 19/01/2011 | Forecasts Seventh Consecutive Year of Production Growth at L... |
| 06/01/2011 | Sets New Production Records in 4th Quarter, 2010, Silver Pro... |
| 07/12/2010 | Revised Takeover Bid for Cream Minerals Expires; Endeavour I... |
| 07/12/2010 | Revised Takeover Bid for Cream Minerals Expires; Endeavour I... |
| 07/12/2010 | Revised Takeover Bid for Cream Minerals Expires; Endeavour I... |
| 07/12/2010 | Revised Takeover Bid for Cream Minerals Expires; Endeavour I... |
| 01/12/2010 | Cream Board of Directors Recommends Acceptance of Amended En... |
| 19/11/2010 | Confirms Amended Offer for Cream Minerals of $0.14 per Share... |
| 09/11/2010 | Agrees to Amend Offer for Cream Minerals to $0.14 per Share ... |
| 04/10/2010 | Commences All Cash Offer to Acquire Cream Minerals |
| 16/09/2010 | Now Debt-Free; Remaining CDN$7.9 Million of Convertible Debe... |
| 24/12/2008 | David Morgan's Latest Commentary |
| 21/11/2008 | David Morgan's Latest Commentary on Silver |
| 10/11/2008 | Webcast Rodman & Renshaw Conference, Monday November 10 |
| 24/10/2008 | David Morgan Provides Fresh Insight on Silver Market |
| 14/10/2008 | Production Jumps as Forecast in 3rd Quarter, 2008 |
| 16/09/2008 | Chairman and CEO Comments to Shareholders: Fundamentals Rem... |
| 05/09/2008 | Present at The Silver Summit, Coeur d'Alene, Idaho |
| 26/03/2008 | David Morgan Exclusive Interview -Third in a Series |
| 22/02/2008 | & David Morgan - February Interview |
| 27/11/2007 | Acquires El Milache Properties Along Trend from Porvenir Min... |
| 17/10/2007 | Sets New Record For Quarterly Silver Production, Up Sharply... |
| 25/09/2007 | Update of Exploration and Acquisition Programs in Mexico |
| 17/09/2007 | Review of Operations and Revised 2007 Forecast |
| 31/08/2007 | Reports Update on Cash Position and Short Term Investments |
| 15/08/2007 | Reports Higher Quarterly Sales Revenues, Silver Production, ... |
| 10/08/2007 | Silver Supply & Demand |
| 01/08/2007 | Reports Higher Silver Production In Q2, 2007, Up 23% to 430... |
| 11/07/2007 | Raises 2007 Production Forecast to 2.8 million Oz Silver; Bo... |
| 20/06/2007 | Shareholders Re-Elect Board, Appoint New Director |
| 17/05/2007 | Brien Lundin's Latest Review and Recommendation |
| 15/05/2007 | Reports Record Quarterly Sales Revenues, Mine Operating Cash... |
| 27/01/2007 | Lists on the American Stock Exchange Trading Symbol "EXK" |
| 13/01/2006 | Silver Gold Newsletter |
| 16/10/2005 | Update from Goldletter International |
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