Endeavour Mining Capital completes acquisition of Endeavour Financial valued at US$103 million

On July 30, 2007, Endeavour Mining Capital Corp. announced the completion of its previously announced acquisition of Endeavour Financial Corporation in a transaction which valued Endeavour Financial at US$103 million. Endeavour Mining Capital is a publicly-traded merchant banking company offering integrated capital investment and financial advisory services to the global natural resources sector. Endeavour Financial is an investment banking firm that provides financial and strategic advisory services to the global natural resources sector. The acquisition of Endeavour Financial integrates Endeavour Mining Capital's merchant banking capital investment business with Endeavour Financial's advisory services business. Jon Levin and Dan Batista of Fasken Martineau advised the independent directors of Endeavour Mining Capital in this transaction.