DC.A Dundee Corporation

In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A)
("Dundee") announces that it has acquired in a private placement, 20,000,000
units ("Units") of Eagle Hill Exploration Corporation ("Eagle Hill") at a price
of $0.05 per Unit. Each unit consists of one common share ("Share") in the
capital of Eagle Hill and one common share purchase warrant ("Warrant"). Each
Warrant entitles Dundee to acquire one Share at a price of $0.08 per Share at
any time within 24 months.


When aggregated with Dundee's existing position in Eagle Hill, Dundee now owns
or controls 140,494,910 Shares and Warrants exercisable for the purchase of
51,173,000 Shares representing an approximate 30.0% interest on an undiluted
basis and 36.9% on a partially diluted basis.


The position in Eagle Hill was acquired for investment purposes and may be
increased or decreased in the future as considered appropriate in light of
investment criteria, market conditions and other factors and in accordance with
the provisions of applicable securities legislation.


ABOUT DUNDEE CORPORATION

Dundee Corporation is a public Canadian independent holding company listed on
the Toronto Stock Exchange ("TSX") under the symbol "DC.A." Through its
operating subsidiaries, Dundee Corporation is engaged in diverse business
activities in the areas of its core competencies including investment advisory
and corporate finance, energy, resources, agriculture, real estate and
infrastructure. Dundee Corporation also holds, directly and indirectly, a
portfolio of investments mostly in these core focus areas, as well as other
select investments in both publicly listed and private companies. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Corporation
Ned Goodman
President and Chief Executive Officer
(416) 365-5665


Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
(416) 365-5157

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