Endeavour Silver Continues to Extend High Grade Silver-Gold Mineralization in the Daniela Vein at the Bolanitos Mine in Mexico; Drilling Intersects 1,040 gpt Silver and 1.9 gpt Gold Over 0.4 Meter Width

Vancouver, Canada - September 24, 2012 - Endeavour Silver Corp. (NYSE: EXK, TSX: EDR, Frankfurt: EJD) announces that exploration drilling at Endeavour's Bolanitos Mine in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths, extending the known mineralized zone in the Daniela vein to more than 950 meters (m) long, still open for expansion.

The latest drilling highlights in the Daniela vein include 263 grams per tonne (gpt) silver and 4.17 gpt gold over 5.90 m true width (13.8 ounces per ton (opT) silver equivalents based on a silver: gold ratio of 50:1 over 19.4 feet (ft)) in hole DN-45; and 1,040 gpt silver and 1.94 gpt gold over 0.42 m true width (33.2 opT silver equivalents over 1.4 ft) in hole DN-44. Click here to view Longitudinal Section

Drill results are as follows:

Daniela Drill Results

Hole	Vein	From	True Width	Ag	Au	Ag Eq.
		(m)	(m)	(gpt)	(gpt)	(opT)
DN-40	HW Daniela	124.85	1.74	503	2.57	18.4
	Daniela	133.70	1.85	238	15.32	29.3
DN-44	Daniela	174.75	2.49	433	1.67	15.1
	Including	177.45	0.42	1,040	1.94	33.2
DN-45	Daniela	220.25	5.90	263	4.17	13.8
	including	220.25	0.46	849	10.55	40.1
DN-49	Daniela	144.15	6.48	169	2.44	8.5
	Vein	185.40	3.68	236	3.37	11.8
	Vein	199.85	2.37	130	1.64	6.2
DN-54	Fault Zone	141.30	0.98	188	0.15	5.7
	Breccia	142.50	0.61	541	0.67	16.8
DN-59	Vein	135.15	0.54	944	1.50	29.7

Bradford Cooke, CEO and Director, commented, "Exploration drilling of the Daniela vein near the Bolanitos mine continues to extend the high grade silver-gold mineralization to the north. Daniela was discovered near the Lucero vein in late 2010 but the drill results since then have shown it to be our best new discovery yet. An updated resource estimate will be prepared at year-end and the Daniela vein is already in development as part of the 2012 mine plan for the Lucero-Karina-Fernanda-Daniela area."

Barry Devlin, M.Sc., P.Geo. Vice President, Exploration is the Qualified Person who reviewed and approved this news release and supervised the drilling programs on the Bolanitos Mine properties. A Quality Control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples were split at the Guanajuato field office and shipped to ALS-Chemex Labs, where they are dried, crushed, split and 50 gram pulp samples are prepared for analysis. Gold and silver are determined by fire assay with an atomic absorption (AA) finish and other elements are determined by AA.

ENDEAVOUR SILVER CORP.
Per:

/s/ "Bradford J. Cooke"

BRADFORD COOKE
Chief Executive Officer

September 24, 2012 (Source: Endeavour Silver Corp.)

http://www.edrsilver.com/s/home.asp

Disclosure:  Endeavour Silver is a past Vulture Bargain Candidate of Interest (VBCI).  Members of the GGR team hold long positions in EDR.T .