An anonymous director reports

DUNDEE CORPORATION ANNOUNCES ACQUISITION OF UNITS OF BULGOLD INC.

Dundee Corp.'s wholly owned subsidiary, Dundee Resources Ltd., has acquired 1,666,667 units of Bulgold Inc. at the price of 30 cents per unit for aggregate consideration of $500,000. Each unit comprised one common share and one-half of one common share purchase warrant. Each warrant is exercisable to acquire one common share of the issuer at an exercise price of 40 cents per share until Dec. 23, 2024.

Immediately prior to the acquisition of securities described in this news release, Dundee and its affiliates owned 1,587,300 common shares of the issuer, representing an approximate 7.85-per-cent interest in the issuer on an undiluted basis. Immediately following the transaction that triggered the requirement to file this news release, Dundee and its affiliates own or control an aggregate of 3,253,967 common shares and 833,333 warrants, representing an approximate 12.63-per-cent interest in the issuer on an undiluted basis and a 15.37-per-cent interest in the issuer on a partially diluted basis.

Dundee acquired the securities of the issuer for investment purposes only. Dundee intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of the issuer, subsequent developments affecting the issuer or its business, and the general market and economic conditions. Based upon these and other factors, Dundee may decide to purchase additional securities of the issuer, or may decide in the future to sell all or part of its investment.

This news release is being issued in accordance with National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report. The early warning report respecting the acquisition will be filed on the System for Electronic Document Analysis and Retrieval (SEDAR) under the issuer's profile. To obtain a copy of the early warning report filed by Dundee, please contact: Dundee Corp., legal department, 80 Richmond St. West, Suite 2000, Toronto, Ont., M5H 2A4, telephone: 416-365-5172.

About Dundee Corp.

Dundee is a public Canadian independent holding company listed on the Toronto Stock Exchange under the symbol DC.A. Through its operating subsidiaries, Dundee is an active investor focused on delivering long-term sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments.