DC.PR.B Dundee Corporation

In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A)(TSX: DC.PR.A)(TSX: DC.PR.B) ("Dundee" or the "Company") announced today that it has acquired, in a private placement, 6,500,000 units (each a "Unit") of Golden Share Mining Corporation ("Golden Share Mining") at a price of $0.20 per Unit. Each Unit is comprised of one common share in the capital of Golden Share Mining ("Common Share") and one common share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.32 for a period of 24 months from the date of closing. This holding represents an approximate 7.57% interest in Golden Share Mining on an undiluted basis or an approximate 14.07% interest assuming the conversion of all Warrants.

The position in Golden Share Mining 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.

Contacts: 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