North American Focused

Project Generator

December 2015 – Key Projects

TSX.V: EDG

The information contained herein, while obtained from sources which we believe are reliable, is

not guaranteed as to its accuracy or completeness. The company is an exploration stage mineral

resource exploration company and none of its mineral projects have yet to be proven to be

economic. The contents of this presentation is for information purposes only and does not

constitute an offer to sell or a solicitation to purchase any securities referred to herein.

Forward-looking Statements

This presentation contains “forward-looking information” within the meaning of applicable

Canadian securities regulations. All statements other than statements of historical fact herein,

including, without limitation, statements regarding the company’s plans, goals or objectives and

future exploration, development, potential mineralization, exploration results and future plans are

forward-looking statements that involve various risks and uncertainties. There can be no

assurance that such statements will prove to be accurate, and actual results and future events

could differ materially from those anticipated in such statements. Readers are advised not to

place an undue reliance on forward-looking statements.

Corporate Disclosure

Shares Issued effective November 2015: 94,291,700

Fully Diluted effective November 2015: 128,410,814

52 Week Low – High: $0.02 – $0.08

Market Capitalization (Nov 18, 2015 ): $1.9 Million

Warrants Outstanding (@ $0.05 and $0.12): 28,769,114

Options Outstanding (between $0.10 and $0.21): 5,350,000

Insiders own over 60%

Share Structure

ROBERT T. BOYD, President, CEO & Director

• Senior mining executive with 37 years of experience in exploration, executive-level management, corporate finance and corporate governance.

• Serves on several corporate and industry association Boards. • Former President, CEO, and Director of Ashton Mining of Canada Inc. &

Athabasca Potash Corporation. • Former VP Exploration for Homestake Canada. • Member of the Association of Professional Engineers and Geoscientists of

B.C., the Society of Economic Geologists, and a fellow of the Geological Association of Canada and Gemmological Associations of Great Britain and Canada.

TERESA CHENG, CFO & Corporate Secretary • Former CFO at Atna Resources Ltd. • 20 years in the mineral exploration industry. • Strong familiarity with financial and regulatory requirements.

Management & Directors

H. ROSS ARNOLD, Director Atlanta based venture capitalist and investor. Founder and majority owner of Quest Capital Corp., which

owns a majority or controlling interest in more than 15 companies, with annual revenues in excess of

US$400 million.

RICHARD GILLIAM, Director President of Cumberland Development Company (a private LLC and investment company). Former

President, Founder and largest shareholder of Cumberland Resources Corporation, a privately owned

coal mining company that produced about 8 m tons of coal per year in eastern North America. In 2010,

Massey Energy purchased Cumberland for US$960 million in cash and shares.

J. CHRISTOPHER MITCHELL, Director A metallurgist whose career in the mining industry spans more than four decades Previously served as a

director of First Point Minerals Corp. Orvana Minerals and Delta Gold. Also previously served as CFO

for Canterra Minerals Corporation and Independence Gold Corp. (formerly Silver Quest Resources).

Former Sr. Vice President of Viceroy Resources Corp. and Executive Vice President and CFO of Orvana

Minerals Corp.

ROBERT PEASE, Director Current Acting President of Pilot Gold. Former President, CEO and Director of Sabina Gold & Silver

Corporation. Former Founder, President & CEO of Terrane Metals Corp (acquired by Thompson Creek

Metals in 2010), former Director of Richfield Ventures (acquired by New Gold Inc.). With the Placer Dome

group for 25 years.

Board of Directors

TSX.V: EDG

Project Locations

ELEPHANT MOUNTAIN Gold (100%) – Rampart Eureka District, Alaska

• Intrusive hosted Stockwork Gold. – Road accessible

• 1992 Placer Dome - Drill hole 0.514 gpt gold over 99.4 metres.

• 1991 Gold soil anomaly at least 1,830 by 460 metres in size. Portion confirmed

in 2015 at 1000 x 250 metres with values exceeding 100 ppb gold

• Partially drained by placer gold bearing creeks active since 1898.

• Similar age and geological setting to the Fort Knox Mine, Livengood, Brewery

Creek, and Dublin Gulch deposits in the Tintina Gold Province of Alaska and

the Yukon.

PARDO JV Gold (36.5%) – Pardo Township, Ontario (on Road near Sudbury)

• Precambrian basal conglomerate analogous to Witwatersrand Basin in South

Africa.

• 2013 surface discovery with values up to 40.1 gpt gold over 22.5 metres

(estimated true width 2 metres).

• New 2014 surface discovery with values up to 10.4 gpt gold over 23 metres and

5.2 gpt gold over 140 metres (estimated true width 2 metres).

Key “Drill Ready” Project Summaries

Elephant Mountain, Alaska

Intrusive Related Gold Project

Option to Earn 100%

Alaska Properties - Location

Within the Yukon-Tanana Reduced

Intrusive Related Gold District

• Option to own 100% – Total US$200,000 work, US$200,000 cash, and

400,000 Endurance shares to vest ownership by December 2017. Subject to 2% NSR. Work Requirements Largely completed.

• 0.514 grams per tonne gold (“gpt”) over 99.4 metres in altered stock work

veined and fractured intrusive - 1992 drilling by Placer Dome Inc.

• 1,830 by 460 metre gold-arsenic soil anomaly reported in 1991.

• Encouraging “grab” samples 12.98 gpt, 5.21 gpt, 4.4 gpt & 3.02 gpt gold.

• 1,370 by 460 metre IP Chargeability anomaly reported in 1992 – untested.

• Un-glaciated terrane - Area drained by placer gold – mined since 1898.

• 2015 Auger Drilling – Defines 1,000 x 250 metre gold-arsenic-antimony soil anomaly with values exceeding 100 ppb gold at South Zone target.

• Advanced to drill stage.

Elephant Mountain Gold Project Eureka – Manley Hot Springs District, Alaska

Elephant Mountain Gold Project, Alaska

Elephant Mountain

Eureka

Rampart Yukon River

ATV Access Trail

Elephant Mountain Property

1992 Placer Dome DDH-2 0.015 ounces / ton gold over 326 ft. OR 0.514 grams / tonne gold over 99.4 m

Gold Bearing Placer Gravels

Elephant Mountain Gold Project, Alaska

1992 Placer Dome DDH-2 0.015 ounces / ton gold over 326 ft. OR 0.514 grams / tonne gold over 99.4 m

Elephant Mountain Gold Project, Alaska Geology & Rock Sampling

1992 Placer Dome DDH-2 0.015 opt gold / 326 ft. OR 0.514 gpt gold / 99.4 m

1992 Placer Dome DDH-2 0.015 opt gold / 326 ft. OR 0.514 gpt gold / 99.4 m

Resistivity (900 Hz.) Magnetics (Total Field)

Elephant Mountain Gold Project, Alaska State of Alaska - Airborne Geophysics

Elephant Mountain Gold Project, Alaska Gold in Rocks

1992 Placer Dome DDH-2 0.015 ounces / ton gold over 326 ft. OR 0.514 grams / tonne gold over 99.4 m

Rock sampling

Confirms both

North Zone Anomaly &

South Zone Anomaly

Multiple grab samples

Exceeding 1.0 gpt gold

Up to 12.98 gpt gold

1992 Placer Dome DDH-2 0.015 ounces / ton gold over 326 ft. OR 0.514 grams / tonne gold over 99.4 m

Elephant Mountain Gold Project, Alaska Gold-in-Soil – 1991 through 2015 Surveys

2014 & 2015

Deep auger soil samples

Confirm

South Zone Anomaly

Over 1,000 metres long

@ > 100 ppb Au

Peaking @ 320 ppb Au

0.514 gpt gold over 99.4 metres

1992 PDI-DDH-2 0.514 gpt gold over 99.4 metres

Elephant Mountain Gold Project, Alaska North Zone Anomaly (1991 Survey)

0.514 gpt gold / 99.4 m

north south

Elephant Mountain Gold Project, Alaska North Zone Anomaly

Elephant Mountain Gold Project, Alaska South Zone Soil Anomaly (2014 and 2015)

GOLD

Elephant Mountain Gold Project, Alaska South Zone Soil Anomaly (2014 and 2015)

ARSENIC

Elephant Mountain Gold Project, Alaska South Zone Soil Anomaly (2014 and 2015)

ANTIMONY

Elephant Mountain Gold Project, Alaska

Looking Northeast from Eureka Summit

On the Eureka- Rampart Trail

Elephant Mountain

Photo by Scott Brucker

Elephant Mountain Gold Project, Alaska Gentle Topography

Elephant Mountain Gold Project, Alaska 2013 - 2014 Rock Sampling

Altered granite with

multiple quartz veins

PARDO GOLD JOINT VENTURE

35.5% JV Interest

Pardo JV Gold Project, Ontario

Model analogous to Witwatersrand Basin in South Africa

• A Joint Venture with Endurance owning 35.5%.

• Located 65 km northeast of Sudbury, Ontario. Road accessible.

• Covers PreCambrian (Huronian) basal conglomerate analogous to Witwatersrand Basin in South Africa, which has produced 1.7 billion ounces gold.

• Between 2005 and 2012, 318 vertical drill holes have been completed to target the definition of gold-enriched conglomerate channels.

• The 2012 JV Drilling Program increased the size of known Trench 2 surface deposit to about 300 x 300 metres. A basin analysis study with Witwatersrand experts prioritized the joint venture claims.

• 2013 surface prospects with cut channel values up to 36.5 gpt gold over 31 metres and 28.7 gpt gold over 20 metres (estimated true width 2 metres).

• 2014 surface discovery with cut channel values up to 10.4 gpt gold over 29 metres and 5.2 gpt gold over 140 metres (estimated true width 4 metres).

• 2015 Winter Drill program on the Godzilla Zone confirms continuity of host comglomerate.

Witwatersrand Basin vs. Huronian Basin

Pardo JV Gold Project, Ontario Geology & Drilling

Pardo JV Gold Project, Ontario 007 Zone Channel Sampling – 2013 Discovery

Pardo JV Gold Project, Ontario Godzilla Zone Channel Sampling – 2014 Discovery

North Block

Middle Block

South Block

Pardo JV Gold Project, Ontario Eastern Reef Zone Channel Sampling (2013 and 2014)

Pardo JV Gold Project, Ontario Detrital Pyrite Closely associated with Gold

Gold Assay

of 12.88 gpt

Note

abundant

free gold on

edges of

rounded

pyrite grains.

Pardo JV Gold Project, Ontario Polished Section of Gold Mineralization

RATTLESNAKE HILLS 2% NSR ROYALTY

Rattlesnake Hills District, Wyoming Intrusive Related Gold Project

• Geological setting similar to major alkaline intrusive-related gold systems, such as Cripple Creek, Colorado (20 Million ounce producer).

• In October 2015, Endurance sold its ownership in its property for 1,400,000 shares of GFG Resources and US$150,000 in cash.

• GFG Resources also granted Endurance a 2% Net Smelter Return (NSR) royalty on approximately 7,000 acres covering the Northern Eastern and Western extensions of the Rattlesnake Hills alkaline intrusive-related gold district, Wyoming.

• GFG Resources has consolidated the remainder of the Rattlesnake Hills District through purchase and staking.

• As a result Endurance has swapped its 100% ownership interest in a portion of the Rattlesnake Hills district for equity ownership exposure to the entire district including the North Stock Discovery.

Rattlesnake Hills District, Wyoming

Rattlesnake Hills District, Wyoming Regional Geology of the Granite Mountains

Ref: Technical Report, Turner, 2012 & 2014

Structure by: Kleihans, 2010

Geology by: Koehler, 2012

Rattlesnake Hills District, Wyoming Geology & Endurance Royalty Ownership

Rattlesnake Hills District, Wyoming Phonolites, Linears & Surface Gold Prospects

North Stock Discovery

Overlooking the North Stock and Blackjack Discoveries

Associated with Hill-Forming Alkalic Intrusives

Rattlesnake Hills District, Wyoming

Blackjack Discovery

Rattlesnake Hills District, Wyoming Regional Gold – in – Soil Results

Ref: Technical Report, Turner, 2012 & 2014

North Stock Gold Discovery Endurance Gold Royalty Target Stained yellow for K-spar Adularia

Rattlesnake Hills District, Wyoming Breccia Style Comparisons

GFG is planning an exploration program on the entire district in 2016 including drilling of multiple gold targets with the objective of several new discoveries in this emerging district.

Rattlesnake Hills District, Wyoming Next Steps and Objectives

BANDITO REE-Nb PROJECT

Yukon

100% Endurance Owned

Rare Earth-Niobium-(Nickel-Copper) Target

Access through rolling to flat topography

60 km from all weather road

30 km from oil & gas tote road

90 kilometres to

Beaver River gas wells

Liard River

Shale Gas Basin

Bandito Project, Yukon - Location

• 5,400 hectare property located in the Yukon.

• In January 2013, Endurance purchased 100% interest in the Bandito Property for $50,000 cash and Endurance shares.

• The Vendor, retains a 1% Net Smelter Returns Royalty – Endurance has the option to purchase ½ of the NSR for $1 million at any time.

• Endurance is required to pay the Vendor an additional $150,000 on completion of a Bankable Feasibility Study and a further $350,000 on securing mine production financing.

Bandito Project, Yukon Rare Earth – Niobium – Nickel – Copper Project

• Represents a Proterozoic aged alkaline intrusive related REE-Niobium

system – 2009 whole rock indicates both agpaite & miaskite affinity.

• Analogies to other large intrusive related REE and Niobium systems (i.e. Thor Lake, NWT and Strange Lake, Quebec) or possibly carbonatite hosted systems.

• The Proterozoic-aged sandstone, argillite, carbonates, and breccia sequence is intruded by Proterozoic-aged (650 Ma) sericite-altered nepheline syenite about three kilometres across.

• Nepheline syenite Intrusive is host to the largest REE-Nb soil anomaly

• Wall rock alteration extends for multiple kilometres and for about 500 metres outwards from the intrusive contact.

• The nickel and copper association with an alkalic related system is atypical and studies are required to determine the genetic relationship.

Bandito Project, Yukon Geological Setting

43.3% Zirconium Oxide 76% Heavy REO ratio

La2O3

Ce2O3

Pr2O3

Nd2O3

Sm2O3

Eu2O3

Gd2O3

Tb2O3

Dy2O3

Ho2O3

Er2O3

Tm2O3

Yb2O3

Lu2O3

Y2O3

Y2O3

2.654%

Dy2O3

0.19%

LREO

Yb2O3

0.24%

3.491% TREO+Y

Bandito Rare Earth Oxide Distribution Grab Sample Discovery in Syenite

LanthanumO

CeriumO

PrO

NeodymiumO

SmO

EuropiumO GdO

TerbiumO

DysprosiumO

HoO

ErO

TmO YbO

LuO

YttriumO LanthanumO

CeriumO

PrO

NeodymiumO

SmO

EuropiumO

GdO

TerbiumO

DysprosiumO

HoO

ErO

TmO

YbO

LuO

YttriumO

3.32% TREO+Y over 4 metres

Eu, Tb, Dy

$1420 to $3800 /kg*

$170 per kg*

10.8% Neodymium Oxide

*Price Sources (Jan 2012): Metal Pages, Asian Metals and Technology Metals Research

$45 per kg*

$52 per kg*

$200 per kg*

10.8% Heavy REO

Bandito Rare Earth Oxide Distribution South Fenite Trench

2011 Soil Grid

Total REE & Yttrium

TREE+Y (ppm) Percentile

> 95th

> 90th

> 80th

> 70th

> 60th

> 50th

> 40th

> 30th

< 30th

600 - 3,534

496 - 600

389 - 496

322 - 389

280 - 322

256 - 280

233 - 256

218 - 233

40 - 218

Total Rare Earth Elements + Yttrium Niobium

Niobium - TantalumStatistical Correlation is 86.5%

Niobium in Soil

Percentile

> 95th

> 90th

> 80th

> 70th

> 60th

> 50th

> 40th

> 30th

< 30th

Nb (ppm)

196 - 575

146 - 196

96 - 146

68 - 96

50 - 68

40 - 50

34 - 40

29 - 34

5 - 29

Tantalum in Soil

Percentile

> 95th

> 90th

> 80th

> 70th

> 60th

> 50th

> 40th

> 30th

< 30th

Ta (ppm)

9.4 - 54

6.9 - 9.4

4.7 - 6.9

3.4 - 4.7

2.7 - 3.4

2.3 - 2.7

2.1 - 2.3

1.8 - 2.1

0.1 - 1.8

Soil Grid Sample Density

2011 Grid = 100 m x 100 m

Soil Grid Sample Density

2006 Grid = 50 m x 25 m2011 Grid = 100 m x 100 m

Large Rare Earth

and Niobium

Soil Anomalies related to

High REE-Nb bedrock values

in Syenite

Bandito Highlights REE & Niobium in Soil

1. Drill Ready REE target - 3.0 by 0.5 Km Rare Earth System in Fenite – 2.3%

TREO+Y over 6 metres with 10.8% Heavy Rare Earths in Fenite - plus consistently high niobium values in Fenite.

2. Drill Ready Nb-Ta targets - Over 30 chip & grab samples contain in excess 0.143% Nb2O5 with values up to 1.3% Nb2O5 and 0.094%Ta2O5 in syenite.

3. Up to 1.8 km by 600 meter TREE+Y and Niobium-Tantalum soil anomalies in +4 square km altered “Red Syenite” together with values up to 3.49% TREO+Y with 76% Heavy Rare Earth and 0.96% Nb2O5 indicate discovery potential for volumetrically large Syenite-Intrusive hosted REE-niobium-tantalum deposits. Drill Ready after intensive prospecting and trenching.

4. The alteration and “pregnant” rare metals system remains open to expansion within the current property.

5. The Copper-Nickel “Discovery” soil anomaly is 1000 by 600 metres, much larger that the area of known mineralization (580 by 200 metres). Drilling warranted.

Bandito Project, Yukon Project Highlights

www.endurancegold.com

Suite 303 – 543 Granville Street Vancouver, BC V6C 1X8 Canada

Telephone: 604-682-2707 Fax: 604-681-0902

Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101 and supervised the compilation of

the information forming the basis for this summary.