Endeavour appointed as project finance advisor to Augusta Resource
Corporation

Toronto Stock Exchange: EDV

GEORGE TOWN, Grand Cayman, Oct. 14 /CNW/ - Endeavour Financial Corporation ("Endeavour" or the "Corporation") is pleased to announce that its subsidiary Endeavour Financial International Corporation has been appointed as exclusive financial advisor to Augusta Resource Corporation ("Augusta" or the "Company") with respect to financing the Rosemont copper project in Arizona.

Endeavour will work with Augusta to ensure the Company meets its financing strategy of maximizing the amount of finance available. It is expected that the majority of the estimated US$900 million capital cost for the Rosemont copper project, Arizona can be funded from a range of conventional and innovative sources of finance, including but not limited to equipment related financing, concentrate off-take financing and bank debt financing.

Neil Woodyer, Chief Executive Officer commented "Our team of professionals will work closely with Augusta's project finance team to implement the proposed financing strategy and will work diligently to secure optimal financing terms".

About Endeavour Financial Corporation

Endeavour is an independent merchant banking company focused on the global natural resources sector. The Corporation offers advisory services in project, corporate and debt capital markets; equity financings; mergers and acquisitions; and strategic business development. Endeavour also provides equity and bridge loans in support of clients, transactions, and other market opportunities. Accessing its global industry networks, Endeavour creates and launches new growth companies as both an advisor and investor.

Endeavour Financial Corporation is listed on the Toronto Stock Exchange, symbol EDV. Warrants are listed on the Toronto Stock Exchange, symbol EDV.WT.A.

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

    
    On behalf of Endeavour Financial Corporation

    "Bill Koutsouras"

    Bill Koutsouras
    Executive Vice President & Chief Financial Officer
    

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 Financial Corporation. 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 further information: Dr. Sally Eyre, Director Marketing & Business Development, [phone] or Vanguard Shareholder Solutions, 1-866-341-4111 or [phone]