Released on = May 3, 2006, 10:20 am

Press Release Author = Econ Corporate Services, Inc

Industry = Financial

Press Release Summary = Gold-MiningStocks.com - Endeavour Silver Corp., Newmont
Mining Corp., and Canarc Resource Corp. Shed Light On the Impact of ETFs

Press Release Body = Exchange Traded Funds: Are They Worth Their Weight In Gold?

Gold-MiningStocks.com - Endeavour Silver Corp., Newmont Mining Corp., and Canarc
Resource Corp. Shed Light On the Impact of ETFs

POINT ROBERTS, WA, Delta B.C. - May 03, 2006 - www.Gold-MiningStocks.com (GMS), an
investor and industry portal for the gold and mining sector, is pleased to present,
"Exchange Traded Funds: Are They Worth Their Weight In Gold?" As silver's ETF made
its way across trading floors at the American Stock Exchange last week, investors
might wonder whether or not this is going to have real impact on the price of silver
over the upcoming period. Endeavour Silver Corp., Newmont Mining Corp., Canarc
Resource Corp. and Jon Nadler Investment Products Analyst for Kitco Bullion Dealers,
offer their take on how the ETFs help to position the commodities in today's market.

Hugh Clarke, Director of Investor Relations at Endeavour Silver Corp. (TSX:EDR;
OTC.PK: EDRGF) says, "as we've talked about for years, silver does follow the gold
price. But once silver starts to be affected by its own dynamic and fundamentals,
where the supply and demand or an ETF comes in, it starts to take on a life of its
own."

Seth Foreman, Senior Analyst for Investor Relations at Newmont Mining Corp. (NYSE:
NEM) lent comment that, "Exchange traded funds have grown to play a very large role
in the gold industry and as more ETFs are launched in various commodities, their
roles will continue to grow. The various gold ETFs around the world have grown to
hold more than 16 million ounces of gold, approximately $10 billion in value."

Gregg Wilson, Manager of Investor Relations at Canarc Resource Corp. (OTCBB: CRCUF)
believes that, "the success of the gold ETF very clearly demonstrates gold\'s strong
investment value. In fact, the gold ETF has exceeded forecasts of its popularity.
The oil price has been a driver in the strong gold market but is certainly not the
only one."

To Read "Exchange Traded Funds: Are They Worth Their Weight In Gold?" In Full Click
Here: http://www.Gold-MiningStocks.com/Articles/Gold&SilverETFs.asp

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Canarc Resources Corp. (OTC BB: CRCUF) and Endeavour Silver Corp. (TSX: EDR; OTC.PK:
EDRGF) are featured sponsors of the Gold-MiningStocks.com portal and compensate the
portal accordingly as disclosed below in disclaimer.
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month. Endeavour Silver Corp. (TSX: EDR; OTC.PK: EDRGF) two thousand five hundred
per month.
For more information contact:
Dawn Van Zant 800.665.0411
Jennifer Lee 888.348.3033
Email: dvanzant@investorideas.com, or jlee@investorideas.com
Web Site: www.InvestorIdeas.comT

Source: Gold-MiningStocks.com, Canarc Resource Corp., Endeavour Silver Corp and
Newmont Mining Corp.



Web Site = http://www.gold-miningstocks.com

Contact Details = For more information contact:
Dawn Van Zant 800.665.0411
Jennifer Lee 888.348.3033
Email: dvanzant@investorideas.com, or jlee@investorideas.com
Web Site: www.InvestorIdeas.comT