Dundee Corporation Acquires Further 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
previously announced private placement of Eurotin Inc. ("Eurotin"), Dundee
Corporation and an account advised by its subsidiary, Ned Goodman Investment
Counsel Limited (the "Account"), have purchased an aggregate of 3,125,000
special warrants of Eurotin (the "Special Warrants") at an issue price of $0.80
per Special Warrant. Each Special Warrant is exercisable into one common share
in the capital of Eurotin (a "Common Share") and one half of one Common Share
purchase warrant (each whole Common Share purchase warrant a "Warrant") at any
time after the closing date for no additional consideration. Each Warrant
entitles the holder to purchase one common share of the Company (a "Warrant
Share") for a period of 2 years at an exercise price of $1.20 per Warrant Share.


In the aggregate, the position held by Dundee Corporation and the Account
represent an approximate 14.37% interest on issuance of the Common Shares
underlying the Special Warrants and an approximate 18.53% interest upon exercise
of all Warrants held.


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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