An anonymous director of Dundee reports

DUNDEE CORPORATION ANNOUNCES CLOSING OF SALE OF NEW FOUND GOLD CORP. UNITS

Dundee Corp. has closed its previously announced sale of 24.48 million units of New Found Gold Corp. to qualified purchasers for gross proceeds to Dundee of $97.92-million (see press release dated Dec. 8, 2025). The units were sold through BMO Capital Markets Inc. and SCP Resource Finance LP.

Each unit consists of one common share of New Found and one-half of a common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share of New Found owned by Dundee at an exercise price of $5 for a term of 12 months. In the event that all warrants are exercised, the total gross proceeds to Dundee would be $159.12-million.

In Canada, the sale of the unit shares was made through block trades on Dec. 8, 2025, and the sale of the warrants was made on a private placement basis. In the United States and certain offshore jurisdictions, the sale of both the unit shares and the warrants was made on a private placement basis in accordance with applicable securities laws. The warrants will be subject to a statutory hold period under, and will only be tradable in accordance with, applicable securities laws, which statutory hold period expires on April 17, 2026. The warrant shares are not subject to a hold period under applicable Canadian securities laws.

Please refer to the press release dated Dec. 8, 2025, for the disclosure required under National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in connection with the sale transaction.

About Dundee Corp.

Dundee is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol DC.A. The corporation is primarily engaged in acquiring mineral resource assets. The corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Its team conducts due diligence to assess the geological, technical, environmental and financial merits and risks of each project, and looks to deploy capital where it can either seek to generate investment returns or where the corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.

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