Endomines AB (publ) provided production guidance for the second half and third quarter of 2022. It is estimated that the production ramp-up will continue at Pampalo and ore production from the East open pit will increase production volumes by 10-20%. Endomines estimates that second half production will be 30-70% higher than production during first half of 2022. No gold production will be realized from Friday during second half of 2022. Currently the focus is to investigate partnership options for Friday mine and the Orogrande processing plant operations.

During third quarter of 2022 Endomines is going to commence the second phase of underground core drilling program, 4,000 meters in total, at the Pampalo mine targeting the deep extensions of the deposit. During third quarter of 2022, the company also plans to start a significant surface exploration drilling program at the Karelian Gold Line. The program will concentrate on Pampalonlammit, Pampalo and Rämepuro areas, and selected regional exploration targets in the Korvilansuo and Kartitsa areas.