Mr. Rick Howes reports

DUNDEE PRECIOUS METALS ANNOUNCES CHANGES TO BOARD OF DIRECTORS

Dundee Precious Metals Inc.'s (DPM) Derek Buntain has resigned from the board of directors and Marie-Anne Tawil has been appointed to the board of directors of DPM.

After 22 years of service to the board and the shareholders of DPM, Mr. Buntain has tendered his resignation to Jonathan Goodman, executive chairman, in order to assist the company in advancing its gender diversity initiative.

"Derek has been with DPM from the beginning, bringing a wealth of knowledge to the board," commented Mr. Goodman. "On behalf of the board, I would like to thank Derek for his tremendous service over the past two decades and commend him for stepping down to allow the company to work towards achieving its diversity goal. We wish him all the very best in the future."

"We are also delighted to welcome Ms. Tawil to the board of DPM. With decades of experience as an entrepreneur and lawyer, as well as serving on the boards of companies, such as Hydro-Quebec, Societe de l'Assurance Automobile du Quebec and, most recently, Stornoway Diamond Corp., her diversity of new skills, experience and perspective will be an extremely valuable addition to the company," said Mr. Goodman.

Director overview

Ms. Tawil brings to the DPM board over 30 years of legal experience, principally in corporate, commercial and securities law, and over 20 years of management experience. Ms. Tawil began her career with Stikeman Elliott, following which she practised at the law firm of McCarthy Tetrault. She joined Quebecor Inc. in 1984, as legal counsel and, in 1987, assumed the additional role of corporate secretary until 1990.

In 1993, Ms. Tawil became progressively involved in her family enterprises, and now serves as the president and chief executive officer of Iron Hill Investments Inc. Ms. Tawil was chair of the board of directors of the Societe de l'Assurance Automobile du Quebec from 2007 until 2013, when her mandate expired. She joined the board of Hydro-Quebec in 2005, where she sits on the ethics and governance, information technology and audit committees. In October, 2015, she became a member of the board of Stornoway Diamonds.

Ms. Tawil was called to the bar of the province of Quebec in 1982, after completing her bachelor in civil law in 1981, and her bachelor in common law in 1982, at the University of Ottawa. Ms. Tawil also holds an MBA from the John Molson School of Business and earned an ICD.D designation from the Institute of Corporate Directors.