Dundee Corporation Acquires Interest in Eurotin Inc.

In accordance with regulatory requirements, Dundee Corporation
(TSX:DC.A)(TSX:DC.PR.A)(TSX:DC.PR.B) announced today that pursuant to the
Qualifying Transaction of Eurotin Inc. ("Eurotin") with Stannico Resources Inc.
under the provisions of the TSX Venture Exchange Policy 2.4, Dundee Corporation
and an account advised by its subsidiary, Ned Goodman Investment Counsel
Limited, have received an aggregate of 7,250,000 common shares (each a "Common
Share") and 2,125,000 warrants (each a "Warrant") of Eurotin. Each Warrant
entitles the holder to purchase one Common Share at an exercise price of $0.30
until December 15, 2012. This represents an approximate 13.0% interest on an
undiluted basis and an approximate 16.19% interest assuming the conversion of
all Warrants. 


The position in Eurotin 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.

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