Kelowna, British Columbia - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG) ('Enduro Metals' or the 'Company') is pleased to report the first Burgundy Ridge ('Burgundy') drill hole 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. These drill holes were designed to test down-dip of mineralization drilled in 2019 associated with a coincident IP anomaly. These first results are a proof-of-concept that highlight the correlation between the IP anomaly discovered and mineralization at depth, while supporting the continuity of mineralization across the Burgundy system in drilling by 400m along strike, remaining open both to the northeast and southwest.

The program consisted of 10,888 metres of drilling within 25 diamond drillholes. Of these, 20 drill holes were competed at Burgundy, and 5 drill holes were completed along the McLymont Fault (see September 21st, 2022 News Release). Further results from this drill program will be reported as they are received from the laboratory.

Highlights:

Newly received assays include BR22-23 which intersected 66.80m of 0.50% CuEq starting from 243.60m, including 6.08m of 1.82% CuEq at 253.69m downhole. This primary mineralization is up to 150m below supergene enriched mineralization in BR19-02 of 91.26m of 0.61% CuEq at 37m downhole, including 39.0m of 1.02% CuEq at 69m downhole.

BR22-023 is a proof-of-concept drill hole that proves the correlation between chargeability highs and prospective mineralization over the Burgundy system.

These assay results expand on discovery hole BR21-01 that intersected 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) approximately 400m to the southwest.

Cole Evans, Chief Executive Officer of Enduro Metals commented, 'The first results from our 2022 drilling campaign demonstrate the association between chargeability and mineralization at Burgundy, confirms the predictable and continuous nature of mineralization over a minimum of 400m strike length and at depth. The system also appears steeper than we initially expected. This is a very positive development as it leaves lots of room for deposit expansion at depth where porphyries tend to have their highest grades.

The evidence was key for further drilling conducted 300m to 500m southwest, which are among the deepest drillholes ever tested at Burgundy Ridge at over 600m downhole (assays pending). From a porphyry perspective, we are still very shallow in the system with mineralization remaining open along strike to the northeast, southwest, and down-dip.

Supergene enrichment is a natural geochemical enrichment process that increases copper and gold grades near-surface from the movement of meteoric fluids over geological time. The enrichment process is very important as it concentrates high-grade material near surface, making it easily accessible early in a theoretical production scenario. This is a rare phenomenon in Canada because multiple ice ages covered the country in ice over geological time. Other examples of enrichment up to 2.5km along trend at Burgundy's 72' Zone where STDH21-01 intersected 9.4m of 2.17% Cu, and 27 g/t Ag only 16m downhole, showing that this is not an isolated event at Burgundy.

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:

Ali Wasiliew

Manager of Communications

Tel: + (236) 420-4050

Sean Kingsley

Director of Communications

Tel: +1 (604) 440-8474

Email: info@endurometals.com

WEB: https://www.endurometals.com

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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.

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