ENDEAVOUR COMPLETES SALE OF 43% INTEREST IN CREW GOLD FOR US$215 MILLION CASH

Toronto Stock Exchange: EDV

GEORGE TOWN, Grand Cayman, Sept. 14 /CNW/ - Endeavour Financial Corporation ("Endeavour") is pleased to announce that its wholly owned subsidiary, Endeavour Gold Luxembourg SARL, has completed the previously announced sale of 46,203,403 common shares of Crew Gold Corporation ("Crew Gold") representing a 43% interest to Severstal Gold N.V. for US$215 million in cash.

CONFERENCE CALL WITH MANAGEMENT - Wednesday, September 15, 2010, 11am EST.

As announced on September 8, 2010 - Management has scheduled a presentation for Wednesday September 15, 2010 that will be webcast by V-Call at 11:00am Eastern Standard Time and can be accessed from the Corporation's new website at www.endeavourmining.com or by calling the operator at 201-689-8567 or toll free 1-877-407-0782 prior to the scheduled start time. The call will be archived for later playback on Endeavour's website until September 15, 2011.

About Endeavour Financial Corporation

Endeavour is a gold producer. Endeavour holds an extensive exploration land position and various advanced-staged development gold projects in West Africa. Endeavour has a global strategy, supported by financial resources and management's company building expertise, to grow into an intermediate gold producer through strategic acquisitions.

The common shares of Endeavour are traded on the Toronto Stock Exchange under the symbol "EDV".

    
    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: Stephen Roberts, Director - Investor Relations, [phone], email: [email protected]; or Vanguard Shareholder Solutions, 1-866-341-4111 or [phone], email: [email protected]