Road 522 strengthens to Pampalo Mine



The press release can be downloaded from the following link:
Press release (PDF)

Strengthening of  Road 522  between Hattuvaara  and Pihlajavaara  has
begun.  The  rebuilding  project  will  significantly  improve   road
connections from Pampalo Mine. The new road will especially ease  the
use of the  heavy vehicles  and will facilitate  the exploitation  of
gold resources in Pampalo area. Particularly, the new road will  make
planned  satellite  mines   more  accessible  and   will  make   them
economically more attractive.  The renewed  road is  considered as  a
prerequisite of  the  utilisation  of  gold  deposits  (for  example,
Rämepuro, Muurinsuo and Hosko) in Karelian Gold Line.

Road works are carried out by Finnish Road Administration. During the
first stage,  expected to  be ready  in  week 35,  the road  will  be
rebuilt between  Hattuvaara and  Pampalo  Crossing. Uner  the  second
stage,  the  road  work  will  continue  from  Pampalo  Crossing   to
Pihlajavaara, close  to  Hosko gold  deposit.  The whole  project  is
anticipated to  be ready  in October  2008. The  budget of  the  road
rebuilding is 730 000 € (6,8 MSEK)."After the rebuilding of the road has been finished the road can be
used for heavy transportations during all seasons. It is an important
advantage in developing and running mining operations in the Karelian
Gold Line", says Timo Lindborg, CEO of Endomines Oy.


For further information, please, contact:

Timo Lindborg, Chief Executive Officer
Phone: +46-8-611 66 45, mobile: +358-40-50 83 507

Endomines AB (publ) 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 2009. In addition, Endomines has
claims for more gold deposits in Finnish Lapland. Besides gold, the
Company is focusing 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.


More about Endomines press releases at
http://www.endomines.com/news.php

Attachments

Press release PDF.pdf