Mr. Jean-Philippe Mai reports

DST ANNOUNCES ITS PARTICIPATION IN A DEVELOPMENT PROJECT FOR THE TREATMENT OF ELECTRONIC WASTE MATERIAL

Dundee Sustainable Technologies Inc.'s board of directors has approved the corporation's participation in a project aimed at the processing development, pilot operation and technology deployment for the treatment of electronic waste material (e-waste).

As part of its participation, through a dedicated unanimous shareholder agreement, Dundee will subscribe to 75,000 Class A shares, for an amount of $75,000 in cash and an in-kind contribution of $1,315,063, in return for a 25-per-cent equity stake in a newly created company (NewCo). NewCo's objective is to provide a novel e-waste treatment circuit which incorporates Dundee's proprietary Clevr Process for the recovery of gold, silver and palladium. NewCo is currently developing its e-waste treatment circuit and working on the construction and operation of an e-waste treatment pilot plant to be located in Thetford mines at Dundee's technical facilities.

As part of the project, Dundee's board of Directors has agreed for the corporation to enter into a technology licensing agreement, where Dundee would provide NewCo a worldwide exclusive and perpetual licence for the use of its proprietary CLEVR Process specifically and solely for the treatment of e-waste. In consideration for the rights and licence granted, NewCo shall pay Dundee a royalty equal to: (a) 1 per cent of the net gold, silver and palladium sales recovered using the CLEVR Process from the first NewCo commercial facility; and (b) 2 per cent of the net gold, silver and palladium sales recovered using the CLEVR Process from other NewCo commercial facility (excluding, for greater certainty, the pilot plant). In addition, in consideration for the rights and licence granted, NewCo has the option to pay Dundee, at any time during the validity of the licensing agreement, a fixed and single licence fee of $10-million.

In the event that, before the date that is seven years from the execution of the licensing agreement, NewCo has not paid any royalty or the licence fee, the corporation may, at its discretion, terminate the licensing agreement.

"This is part of DST's strategy to develop new streams and markets for the applicability and commercialization of the CLEVR Process and to leverage the corporation's assets located in Thetford mines, Quebec," commented Jean-Philippe Mai, president and chief executive officer.

About Dundee Sustainable Technologies Inc.

The corporation is engaged in the development and commercialization of environment-friendly technologies for the treatment of materials in the mining industry. Through the development of patented, proprietary processes, Dundee extracts precious and base metals from mineralized material, concentrates and tailings, while stabilizing contaminants such as arsenic, which could not otherwise be extracted or stabilized with conventional processes because of metallurgical issues or environmental considerations.

We seek Safe Harbor.