Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG) ('Enduro Metals' or the 'Company') reports the remaining drill results from the 2022 drilling campaign on the Company's 100% owned Newmont Lake Project, located in the heart of British Columbia's Golden Triangle, Canada.

An airborne magnetic survey has also provided important supporting information at Burgundy Ridge ('Burgundy').

Drilling at the Burgundy porphyry target continues to encounter consistent copper and gold mineralization from surface, with a second, high-grade mineralized zone identified at the limits of drilling. These results provide further evidence of an extensive alkalic porphyry system with geological similarities to Galore Creek, the Teck/Newmont deposit 30km to the northwest of Enduro's project.

Drilling has also significantly increased the potential scale and prospectivity of the McLymont Gold Project. First pass drilling into the geochemical anomaly at McLymont West encountered mineralized structures and enrichment in an area that has never been drilled before. The McLymont Gold Project, related to the regional McLymont Fault which runs down the middle of our project, is emerging as a stand-alone project.

Highlights of New Assays Received include:

Burgundy:

BR22-17: 40.20m of 0.47% CuEq from 137.35m, within a broader interval of 91.00m of 0.35% CuEq from 118.00m

BR22-18: 7.13m of 0.74% CuEq from 35.75m as well as another zone of 27.75m of 0.32% CuEq from 191.47m

BR22-19: 10.45m of 0.84% CuEq from 194.55m, within a broader interval of 198.00m of 0.21% CuEq starting at surface

BR22-20: 16.05m of 0.84% CuEq from 120.10m, within a broader interval of 97.93m of 0.33% CuEq from 120.10m

BR22-21: 14.85m of 0.53% CuEq from 187.80m McLymont West:

MCW22-03: 21.75m of 0.36 g/t Au, 0.76 g/t Ag, and 0.02% Cu starting from surface. This includes 6.20m of 0.77 g/t Au, 1.21 g/t Ag, and 0.02% Cu from surface

Cole Evans, CEO of Enduro Metals, commented, 'The 2022 exploration campaign was successful in achieving our two main objectives: first to gather the necessary data to produce a geological model that will allow us to better understand the size, shape, and geometry of the mineralized system at Burgundy and second to demonstrate that the large geochemical anomaly at McLymont West was coincident with enrichment at depth.

It is clear wherever we encounter mineralization in drilling at Burgundy; the grades, predictability, and scale needed to make a project work in northwestern British Columbia, are there. 2022's deeper drilling has identified the edges of a second mineralized zone with three successful intersections of mineralization over a strike length of 210m.

Despite our exploration still being relatively shallow for the porphyry environment, we will now focus on completing the geological model to vector into the high-grade porphyry core, which is believed to be the source of mineralization at Burgundy.'

Burgundy Project

Enduro Metals drilled a total of 20 diamond drill holes at the Burgundy Cu-Au Alkalic porphyry target during the 2022 exploration season. Assay results are shown below in Table 1. The holes were designed to test the scale and geometry of the mineralized footprint following the 2021 discovery hole (BR21-01 - 331m of 0.71% CuEq from surface, including 18m of 3.00% CuEq at surface, and 146m of 1.00% CuEq at 138m downhole - see October 18th, 2021, NR).

The program included 6 holes drilled at the Rock Islands and Telena Zone, nearly a kilometer northeast of the discovery holes. These drill holes encountered Cu-Au-Ag mineralization and are critical in our program to vector into new zones of porphyry mineralization.

The program has demonstrated that: The Burgundy system is significant in size, with a current footprint of economic mineralization measuring approximately 400m x 600m; mineralization is open, particularly to the southwest, southeast, and at depth.

The controlling geology is complex, with numerous different styles of mineralization observed; the key to unlocking its value will be in building a robust geological model to target future drilling.

The program has enabled Enduro Metals to gain a key understanding with respect to controls on the porphyry mineralization at Burgundy. It has identified key structural and geological controls that are contributing to the concentration of high-grade copper mineralization and will be important as the Company seeks to vector into the larger porphyry system at depth.

The Company has previously discussed the importance of hole BR22-22 (see January 16th, 2023, NR) which contained a high-grade interval of 1.24% CuEq over 24.20m at 445.80m, located approximately 170m underneath a high-grade interval recorded in the Burgundy discovery hole of 1.74% CuEq over 17.00m at 206.80m.

Of significance in the new assays, reported here for the first time, are holes BR22-17, 19, 20, and BR22-21. BR22-17, 19, and 21 were drilled from a single drill pad located on the top of the ridge, approximately 200m northeast of BR21-01. They have identified a series of unique, chalcopyrite-dominant intrusions that appear to be sub-vertically orientated and occur relatively late in the system's paragenesis, potentially as a later syn-mineral event. Intense alteration has nearly destroyed the protolith; however, the alteration environment is accompanied by a disseminated chalcopyrite>pyrite sulphide assemblage that has not been encountered before at Burgundy.

Generally, increasing copper and gold grades appear to correlate with decreasing magnetic susceptibility towards the west-southwest. Downhole magnetic susceptibility data also supports these observations. Further drone coverage is necessary to understand the limits of Anomaly A. A large magnetically susceptible anomaly was also identified underlaying an approximate 200m x 500m outcropping of limestone at surface (Anomaly B). The source of Anomaly B is unknown currently.

Currently, the Company is focused on understanding the key structural and geological controls on porphyry mineralization at Burgundy and building a comprehensive 3D geological model through detailed re-logging of drill core at its core shack facility in Kelowna, BC. This work will greatly support drill planning as the Company looks to vector towards the center of the porphyry system at depth. An important follow-up news release is expected by early May with the results of this exercise.

The exploration program for 2023 has yet to be finalised. Key objectives for Burgundy include identification of new porphyry centers, drilling step out holes to the southwest adjacent the newly discovered copper-rich zone, and deeper holes to test the size and continuity of the system.

McLymont Gold Project

Enduro Metals drilled a total of 5 shallow diamond drill holes at McLymont West to test the large geochemical anomaly identified during 2021. The holes were drilled at the topographical high from two drill pads, located 120m apart, and more than 3 km from the NW Zone in an area which has not been drilled in the past. The style and intensity of alteration in this new target area are identical to that seen in the NW Zone.

About Enduro Metals

Enduro Metals is an exploration company focused on it's flagship Newmont Lake Project; a total 688km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British Columbia's Golden Triangle. Building on prior results, the Company's geological team have outlined 4 deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy & 72 Zones, encouraging porphyry-style alteration typical of alkalic copper-gold porphyry systems at North Toe, and a large 9km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor.

Contact:

Tel: + (236) 420-4050

Email: wasiliew@endurometals.com

Forward-Looking Statements

This news release contains statements that constitute 'forward-looking statements'. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Enduro's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects,' 'plans,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'projects,' 'potential' and similar expressions, or that events or conditions 'will,' 'would,' 'may,' 'could' or 'should' occur.

Although Enduro believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

(C) 2023 Electronic News Publishing, source ENP Newswire