Communicators

Endeavour Silver Reports First Quarter, 2015 Financial Results;

Conference Call at 9am PDT (12pm EDT) on May 6, 2015

Vancouver, Canada – May 6, 2015 - Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) released today its financial results for the period ended March 31, 2015. Endeavour owns and operates three underground silver-gold mines in Mexico: the Guanaceví mine in Durango state, and the Bolañitos and El Cubo mines in Guanajuato state.

The Company’s financial performance in the First Quarter 2015 improved compared to the Fourth Quarter 2014, as a result of slightly higher precious metal prices and sharply lower operating costs quarter-on-quarter but was lower compared to the First Quarter 2014 due to slightly lower production and lower precious metal prices year-on-year.

Highlights of First Quarter 2015 (Compared to First Quarter 2014)

Financial

- Net earnings of $1.4 million ($0.01 per share) compared to $4.0 million ($0.04 per share)

- EBITDA(1) decreased 15% to $16.4 million

- Cash flow from operations before working capital changes decreased 25% to $13.8 million

- Mine operating cash flow before taxes(1) decreased 23% to $19.6 million

- Revenue decreased 4% to $51.1 million

- Realized silver price fell 17% to $17.11 per ounce (oz) sold (2% above average spot price)

- Realized gold price fell 7% to $1,221 per oz sold (consistent with average spot price)

- Cash costs(1) rose 47% to $7.17 per oz silver payable (net of gold credits)

- All-in sustaining costs(1) rose 10% to $13.32 per oz silver payable (net of gold credits)

- Working capital rose 22% to $25.8 million compared to $21.2 million at year end.

- Cash and cash equivalents of $26.3 million

Operations

- Silver production decreased 4% to 1,820,050 oz

- Gold production decreased 15% to 15,808 oz

- Silver equivalent production decreased 8% to 2.9 million oz (at a 70:1 silver:gold ratio)

- Silver oz sold up 21% to 1,861,975 oz

- Gold oz sold down 4% to 15,799 oz

- Bullion inventory at quarter-end included 349,277 oz silver and 1,073 oz gold

- Concentrate inventory at quarter-end included 65,677 oz silver and 933 oz gold

(1)      EBITDA, mine operating cash flow, cash costs and all-in sustaining costs are non-IFRS measures. Please refer to the definitions in the Company’s Management Discussion & Analysis.

Endeavour CEO Bradford Cooke commented: “We returned to positive earnings in Q1, 2015 thanks to improved operating cash flow and EBITDA driven by reduced cash operating costs and all-in sustaining costs compared to Q4, 2014. Each of our three mining operations performed better than plan in the first quarter to give us a good head start on the year.

“With the mine expansion to 2,200 tonnes per day now well under way at El Cubo, cash costs assuming the current gold price should decline in Q2 and Q3, 2015. We recently commenced our 2015 exploration programs with six drills turning, so our all-in sustaining costs are scheduled to increase over the next two quarters. Management anticipates releasing shortly a preliminary economic assessment to build a high grade underground mine at our Terronera property in Jalisco state, Mexico, in the context of a pre-feasibility study to be completed later this year.

“I would like to congratulate our Mexico Country Manager and Vice President of Operations, Dave Howe, who recently received the prestigious Ostotakani lifetime award for his contributions to the mining industry in Mexico. Mr. Howe has been a valued member of senior management at Endeavour since 2007 and his dedication to excellence has benefitted both the Company and the mining industry in Mexico.”

Financial Results

For the first quarter ended March 31, 2015, the Company generated revenue totalling $51.1 million (2014 - $53.0 million). During the quarter, the Company sold 1,861,975 silver ounces and 15,799 gold ounces at realized prices of $17.11 and $1,221 per ounce respectively, compared to sales of 1,537,665 silver ounces and 16,445 gold ounces at realized prices of $20.50 and $1,306 per ounce respectively in Q1 2014.

After cost of sales of $42.0 million (2014 - $41.7 million), mine operating earnings amounted to $9.1 million (2014 - $11.3 million) from mining and milling operations in Mexico. Excluding depreciation and depletion of $10.5 million (2014 - $14.1 million) and stock-based compensation of $0.1 million (2014- $0.1 million), mine operating cash flow before taxes was $19.6 million (2014 – $25.4 million) in the first quarter of 2015. Net earnings were $1.4 million (2014 –$4.0 million).

Compared to Q1, 2014, the Mexican peso has depreciated 11% against the U.S. dollar, helping offset the weakness in precious metal prices. Approximately 65% of our operating costs are in Mexican pesos. The falling peso and continued focus on cost reductions lowered the consolidated operating cost 11% to $82.67 per tonne in Q1, 2015. Lower gold grades resulted in rising cash costs per ounce net of by-product credits, a non-IFRS measure and a standard of the Silver Institute, which increased 47% to $7.17 per ounce of payable silver compared to $4.87 in Q1, 2014. Similarly the lower gold grades offset by lower exploration and development expenditures resulted in all-in-sustaining costs per ounce, also a non-IFRS measure, to increase 10% to $13.32.

The Condensed Consolidated Interim Financial Statements and Management’s Discussion & Analysis can be viewed on the Company’s website at www.edrsilver.com, on SEDAR at www.sedar.com and EDGAR at www.sec.gov. All amounts are reported in US$.

Conference Call

A conference call to discuss the results will be held on Wednesday, May 6. The call will be held at 9am PDT (12pm EDT). To participate in the conference call, please dial the following:

Toll-free in Canada and the US: 1-800-319-4610

Local Vancouver: 604-638-5340

Outside of Canada and the US: 1-604-638-5340

No pass-code is necessary to participate in the conference call.

A replay of the conference call will be available by dialing 1-800-319-6413 in Canada and the US (toll-free) or 1-604-638-9010 outside of Canada and the US. The required pass-code is 4890 followed by the # sign. The replay will also be available on the Company’s website at www.edrsilver.com.

About Endeavour – Endeavour Silver is a mid-tier silver mining company focused on growing production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted 10 consecutive years of accretive growth of its silver mining operations. Endeavour's three silver-gold mines in Mexico combined with its strategic acquisition and exploration programs should facilitate Endeavour's goal to become a premier senior silver producer.

Contact Information - For more information, please contact:
Meghan Brown, Director Investor Relations

Toll free: 1-877-685-9775
Tel: 604-640-4804
Fax: 604-685-9744
Email: mbrown@edrsilver.com
Website: www.edrsilver.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding Endeavour's anticipated performance in 2015 and the timing and results of exploration drill programs. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties; fluctuations in the prices of commodities and their impact on reserves and resources as well as those factors described in the section "risk factors" contained in the Company's most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company's mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management's expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

ENDEAVOUR SILVER CORP.

COMPARATIVE HIGHLIGHTS

EBITDA, mine operating cash flow, cash costs and all-in sustaining costs are non-IFRS measures. Please refer to the definitions

in the Company’s Management Discussion & Analysis.

ENDEAVOUR SILVER CORP.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS

(unaudited – prepared by management)

(expressed in thousands of U.S. dollars)

This statement should be read in conjunction with the condensed consolidated interim financial statements for the period ended March 31, 2015 and the related notes contained therein.

ENDEAVOUR SILVER CORP.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

(unaudited – prepared by management)

(expressed in thousands of US dollars, except for shares and per share amounts)

This statement should be read in conjunction with the condensed consolidated interim financial statements for the period ended March 31, 2015 and the related notes contained therein.

ENDEAVOUR SILVER CORP.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION

(unaudited – prepared by management)

(expressed in thousands of US dollars)

This statement should be read in conjunction with the condensed consolidated interim financial statements for the period ended March 31, 2015 and the related notes contained therein.