Bradford Cooke founded the company as CEO and Godfrey Walton joined as President and co-founder • Miguel Ordaz was hired to identify Mexican mining projects with potential to become core assets • Endeavour closed its first acquisition, the GuanacevÍ mine, in May • Luis Castro was hired to grow the exploration portfolio, drilling revealed the North Porvenir discovery • Endeavour developed its first mine to production within six months of its first discovery • Entered a period of rapid growth • Developed philosophy of “Corporate Social Integrity” • Implemented initial corporate governance policies • Collaborated with local municipal government and ejido to commence local community support • Formalized sustainable development policies covering corporate governance, safety and health, environmental protection, community enrichment and economic benefits • Sponsored community services at GuanacevÍ including doctor, nurse, medical clinic, ambulance, ATM bank machine, garbage truck, road upgrades, etc.