Mr. Jonathan Goodman reports

DUNDEE ADVANCES STRATEGIC OBJECTIVE TO BRING NEAR-TERM CASH-FLOW INTO THE COMPANY AND CONVERTS JOINT VENTURE INTEREST IN BORBOREMA PROJECT TO ROYALTY

Dundee Corp.'s wholly owned subsidiary, Dundee Resources Ltd. (DRL), has elected to convert its equity interest in the Borborema gold project joint venture between Aura Minerals Inc. and DRL into a net smelter royalty.

Under the terms of the royalty, DRL will earn a net smelter return royalty equivalent to 1.50 per cent on the sale of any product containing economically recoverable minerals obtained from ore mined and removed from the Borborema project. The 1.50-per-cent net smelter return applies to the first 1.5 million ounces of gold sold, then is reduced to 1.00 per cent on the next 500,000 ounces of gold. Once the production threshold of two million ounces of gold from the Borborema gold project has been reached, the royalty will terminate in accordance with its terms.

Jonathan Goodman, president and chief executive officer of Dundee, commented: "The royalty derisks Dundee and gives the corporation a direct line of sight on anticipated future cash flow. The conversion to a royalty arrangement provides us with the opportunity to participate in upside in the Borborema project without any additional capital investment. Additionally, it showcases our support for Aura's team, as they work toward advancing the fully permitted Borborema gold project through feasibility into production. We would like to thank our partner for their work on the Borborema gold project and look forward to their continued success."

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.

We seek Safe Harbor.