Mr. David Rae reports

DUNDEE PRECIOUS METALS DECLARES DIVIDEND

Dundee Precious Metals Inc. has declared a third quarter dividend of four U.S. cents per common share.

The dividend is payable on Oct. 16, 2023, to shareholders of record as at 5 p.m. Toronto local time on Sept. 30, 2023, and qualifies as an "eligible dividend" for Canadian income tax purposes.

Shareholders may elect to receive their dividend in U.S. or Canadian dollars by contacting their broker or, where applicable, Computershare Investor Services Inc., the company's registrar and transfer agent. If no election is made, residents of Canada will be paid in Canadian dollars and non-residents of Canada will be paid U.S. dollars. Dividends to be paid in Canadian dollars will be converted to Canadian dollars using the spot exchange rate on Oct. 6, 2023.

Dividends paid to shareholders that are non-residents of Canada are generally subject to withholding tax unless reduced in accordance with the provisions of an applicable tax treaty.

About Dundee Precious Metals Inc.

Dundee Precious Metals is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia, Ecuador and Serbia. The company's purpose is to unlock resources and generate value to thrive and grow together. This overall purpose is supported by a foundation of core values, which guides how the company conducts its business and informs a set of complementary strategic pillars and objectives related to ESG (environmental, social and governance), innovation, optimizing its existing portfolio and growth. The company's resources are allocated in line with its strategy to ensure that it delivers value for all of its stakeholders.