Mr. Jonathan Goodman reports

DUNDEE CORPORATION ANNOUNCES THE CLOSING OF THE SALE OF ITS ROYALTY ON THE BORBOREMA GOLD PROJECT

Dundee Corp. has now closed the previously announced sale of its royalty on the Borborema gold project to Gold Royalty Corp. for an aggregate purchase price of $45-million (U.S.), comprising $30-million (U.S.) in cash and $15-million (U.S.) in common shares of Gold Royalty issued to Dundee at $4.20 (U.S.) per share.

Jonathan Goodman, president and chief executive officer of Dundee, commented: "The closing of the sale of the Borborema royalty represents a disciplined step in our ongoing strategy to crystallize value and redeploy capital into opportunities that we believe can generate sustainable future cash flow for Dundee through mining operations. This transaction was completed with a counterparty that shares our conviction in the long-term value of the underlying asset and it reflects a relationship-driven partnership built around that shared view. With the transaction now closed, we have strengthened our balance sheet further and delivered NAV accretion for shareholders. Based on our updated assessment, highlighted below, the intrinsic value of our portfolio continues to materially exceed our current market capitalization, reinforcing our view that the company remains significantly undervalued. We believe this gap presents a compelling opportunity as we execute on initiatives designed to unlock value and drive long-term returns."

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 investing in mineral resource assets. The corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Dundee's team conducts due diligence in order 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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