Endomines and Metso Mining and Construction Technology has


The press release including pictures can be downloaded from the
following link:
Press Release PDF

The letter of intent outlines certain general principles of a
proposed transaction whereby Endomines would buy from the Metso
certain products and services for the Pampalo Mine in Karelian Gold
Line.

In the letter of intent Endomines and Metso express their joint
intention regarding the final development of the Project, which is to
result in an agreement where Metso will be contracted by the
Endomines to supply the requested process equipment.

"With this letter of intent Endomines takes an important step towards
the final fulfilment of the Pampalo Project at Karelian Gold Line.
With the know how of Metso and earlier committed engineering company
CTS Engtech Endomines has the needed expertise, which is required for
the requested basic and final engineering support as well as the
equipments supply for the establishment of the Pampalo Mine at
Karelian Gold Line." says Timo Lindborg, CEO of Endomines AB.

Picture: A central beneficiation plant in Pampalo should be able to
process ore from some of Endomines's
23 identified auriferous mineralisations along the Karelian Gold
Line.


For further information, please, contact:
Timo Lindborg, Chief Executive Officer
phone: +46-8-611 66 45, mobile: +358-40-50 83 507


Endomines AB (public company) explores mineral deposits in Finland.
The Company owns mining permits or claims over all the known gold
deposits along the Karelian Gold Line, Pampalo mine among others
wherein the Company aims at starting the operation in 2010. In
addition, Endomines has claims for more gold deposits in Finnish
Lapland. Besides gold, the Company focuses on industrial mineral
ilmenite, which seems to have stable demand growth and price
development. These ilmenite deposits exist in central Ostrobothnia.

Endomines applies SveMin's and FAERI's common reporting rules for
public mining and exploration companies. Endomines has decided to
show the mineral resources according to the internationally accepted
JORC or NI 43101 code.

Endomines applies International Financial Reporting Standards (IFRS)
as the reporting standards for account principles and annual accounts
practice. The use of IFRS helps to compare the Company with foreign
exploration and mining companies.

Endomines AB is listed on the segment First North Premier under a
shortened name ENDO with Penser Bankaktiebolag AB as the Certified
Adviser and Liquidity Guarantor.

Read more about Endomines's press releases on
http://www.endomines.com/news.php
Endomines and Metso Mining and Construction Technology has settled a letter of intent about the deliveries of the process equipment and technical support for the Pampalo Mine at Karelian Gold Line

Attachments
