An anonymous director reports

DUNDEE CORPORATION ANNOUNCES ACQUISITION OF SHARES OF REUNION GOLD CORPORATION

In accordance with regulatory requirements, Dundee Corp.'s wholly owned subsidiary, Dundee Resources Ltd., has acquired 6.52 million common shares of Reunion Gold Corp. under its recently completed bought deal offering at the price of 46 cents per share for aggregate consideration of $2,999,200.00.

Immediately prior to the acquisition of shares described in this news release, Dundee and its affiliates owned or controlled 167,042,521 shares, 20,283,653 warrants and 1,521,565 compensation options, representing an approximate 16.18-per-cent interest in the issuer on an undiluted basis and 17.91-per-cent interest on a partially diluted basis. Immediately following the transaction that triggered the requirement to file this news release, Dundee and its affiliates own or control an aggregate of 173,562,521 shares, 20,283,653 warrants and 1,521,565 compensation options, representing an approximate 14.45-per-cent interest in the issuer on an undiluted basis and a 15.97-per-cent interest 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 number: 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.