Day: January 28, 2016

Alset Energy Corp. is pleased to announce that, subject to regulatory approval, it has appointed Gennen McDowall as a director and Chairman of the Board of Directors for the Company. Throughout his career, Mr. McDowall has held senior positions at major mining companies and has been a director of several public mining companies. His experience and network of contacts in the mining and financial sector will be a valuable addition as he helps guide Alset’s Board of Directors.

Bradford Cooke, Endeavour CEO, commented, “Our Guanaceví and Bolañitos mines continue to be profitable at current metal prices but the El Cubo mine continues to lose money in spite of our successful efforts to expand the operation and reduce cash operating and all-in sustaining costs three years in a row. Therefore, we plan to mine the accessible reserves this year at El Cubo and have suspended investments on exploration and mine development there until metal prices improve. That means El Cubo will see a steady decline of production through the year until it goes on care and maintenance in the fourth quarter.