Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) is pleased to announce positive drill results from its exploration program at its newest mine, Terronera, located in Jalisco, Mexico.

Since 2025, the Company has completed 43 drill holes totaling 7,015 metres on the La Luz system and 10 drill holes totaling 1,904 metres targeting the Terronera vein. This marks the first exploration drilling campaign at the Terronera mine since 2020. The program is designed to expand and better define mineralization along strike and at depth within the Terronera vein system. At La Luz, drilling has focused on defining the limits of mineralization adjacent to historical workings and testing the down-dip extension of the system to support mine design and long-term planning. Key highlights from this program include:

• LL-43: 574 g/t Ag, 23.92 g/t Au for 2,607 g/t AgEq over 1.06 metres true width
• LL-77: 1,271 g/t Ag, 0.81 g/t Au for 1,340 g/t AgEq over 0.94 metres true width
• TRU-001: 282 g/t Ag, 1.80 g/t Au for 435 g//t AgEq over 8.11 metres true width
• TRU-003: 150 g/t Ag, 6.30 g/t Au for 686 g/t AgEq over 5.32 metres true width

“These results demonstrate the exploration potential that exists beyond the current Terronera mine plan,” said Luis Castro, Chief Operating Officer. “At both Terronera and La Luz, drilling has successfully extended mineralization along strike and at depth while supporting the continuity of high-grade silver and gold zones. By advancing mine development, we are better positioned to establish underground drill platforms that allow us to efficiently test priority targets and quickly improve our understanding of the district vein systems. We believe these results highlight the opportunity to grow resources, extend mine life and unlock additional value across the broader Terronera property.”

At La Luz, drilling highlights were holes LL-43 LL-77 which underscore the presence of high-grade precious metal mineralization. Holes LL-68, LL-69, LL-75, LL-76, L-77 are all below the published resource extending mineralization along strike and to depth, which continues to remain open. La Luz holes were drilled from 500 metres of the access ramp developed in 2025. The program is designed to better define historical workings to improve the mine design of the La Luz deposit. Management expects the mining of the high grade La Luz deposit will commence in 2027 through a combination of long hole and cut and fill mining methods.

Drilling of the Terronera structure continues to return high-grade mineralization, highlighted by hole TRU-001 and hole TRU-003. These results support the presence of robust mineralized zones with both strong grades and meaningful widths, further supporting the continuity and quality of mineralization within the Terronera system. The Terronera holes extend mineralized vein continuity along strike and to depth. TRU-006 is the deepest high-grade intercept in this zone, while TRU-10 demonstrates the structure continues at depth. Terronera remains open along strike and at depth.

Two drill rigs are currently operating at Terronera and are expected to continue testing the extension of mineralization along strike and at depth through the middle of the fourth quarter. The program is designed to further define the continuity and potential expansion of the Terronera vein system, supporting future resource growth and mine planning initiatives.

Table 1. La Luz Drill Results

Abbreviations include: gpt: grams per tonne; Au: gold; Ag: silver; m: metre.

AgEq is calculated using an 85:1 Au:Ag ratio

Drill holes LL-46, LL-47, LL-54, LL-56, LL-57, LL-64, LL-70, LL-71, LL-73, LL-78, LL-79, LL-80, LL-83, and LL-84 returned no significant results.

9 drill holes LL-42, LL45, LL-53, LL-58, LL-60, LL-62, LL-65, LL-66 and LL-72 intersected historical working as part of the boundary definition of the La Luz vein.

Longitudinal Section of La Luz Vein (Overlain on Figure 10-5 NI 43-101 Technical Report May 15, 2023)

 Table 2. Terronera Drill Results

Abbreviations include: gpt: grams per tonne; Au: gold; Ag: silver; m: metre.

AgEq is calculated using an 85:1 Au:Ag ratio

All drill holes in the Terronera vein have been included in the ‘Drill Results’ table.

Figure 2. Longitudinal Section of Terronera Vein (Overlain on Figure 10-4 NI 43-101 Technical Report May 15, 2023)

About Endeavour Silver

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru and a robust pipeline of exploration projects across Mexico, Chile, and the United States. With a proven track record of discovery, development, and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.

Qualified Person¹

Dale Mah, P.Geo., Vice President Corporate Development, a qualified person under NI 43-101, has approved the scientific and technical information contained in this news release.

During 2025, the majority of the drill core samples were shipped to ALS Limited in Zacatecas, Mexico for sample preparation and then for analysis at the ALS laboratory in North Vancouver; at the end of 2025, the laboratory was changed to SGS laboratory in Durango, Mexico for sample preparation and analysis. The 2026 campaign has been completely analyzed by SGS laboratory. The ALS Zacatecas, North Vancouver facilities and SGS laboratory are ISO 9001 and/or ISO/IEC 17025 certified.

A quality control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples are split at the local field office and shipped to ALS and/or SGS laboratories, where they are dried, crushed, split and 250-gram pulp samples are prepared for analysis. Gold was assayed by 30-gram fire assay with atomic absorption (“AA”) spectroscopy finish and silver by aqua regia digestion with ICP-AES / ICP-OES finish, over-limits analyses by fire assay and gravimetric finish.