May 31st, 2021, Kelowna, British Columbia – Enduro Metals Corporation (TSXV: ENDR OTCQB: ENDMF FSE: SOG-FF) (“Enduro Metals” or the “Company”) is pleased to report its unaudited interim consolidated financial results for the second quarter ended March 31, 2021. These Interim Consolidated Financial Statements and Management and Discussion and Analysis (MD&A) are available on the Company’s website at www.endurometals.com/financials and on SEDAR at www.sedar.com.

Second Quarter ended March 31, 2021 – Financial Highlights

Cash balance of $3.9 million
Working capital of $4.0 million
BC Mining Exploration Tax Credit refund of $1.5 million (subsequent to March 31, 2021)
Total assets of $22.1 million
Reduction in total liabilities by $1.5 million compared to $1.9 million at September 30, 2020
Reduction in operating costs by $0.25 million compared to Q2 2020.
“I am pleased with our financial position at the end of Q2 2021. Our team of professionals share a passion for moving our projects forward which requires carefully managing our financial resources to provide us with the best chance of finding our next big discovery,” stated Cole Evans,” President and CEO of Enduro. “We have achieved a strong balance sheet and managed our operating expenses carefully. With Q2 behind us, we are now well positioned to commence an exciting 2021 exploration season.”

About Enduro Metals

Enduro Metals is an exploration company focused on it’s flagship Newmont Lake Project; a total 638km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British Columbia’s Golden Triangle. Enduro entered into an option agreement to acquire 436km2 from Romios Gold Resources who has carefully amalgamated the area since 2005 from numerous smaller operators. Remaining terms on the option agreement are a $1,000,000 CAD cash payment, and issuance of 4 million Common Shares to Romios Gold Resources. Romios will retain a 2% Net Smelter Returns Royalty (an “NSR”) on the Newmont Lake Project, or on any after-acquired claims within a 5 km radius of the original boundary of the project, which may be reduced at any time to a 1% NSR on the payment of $2 million per 0.5% NSR.

The remaining 202km2 is owned 100% by Enduro and was acquired via staking or cash purchase. 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 with the recent discovery of porphyry mineralization underneath the deposit along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy and 72 Zones, high-grade epithermal/skarn silver/zinc at Cuba, 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.

On Behalf of the Board of Directors,

ENDURO METALS CORPORATION

“Cole Evans”

President/CEO