Dundee Corporation and United Hydrocarbon International Corp. Announce Restructuring - Seite 2

ABOUT UNITED HYDROCARBON INTERNATIONAL CORP.

UHIC is a privately-owned Canadian oil and gas company with 100% working interest in four blocks comprising 21,379 square kilometers of acreage in Chad, Africa. The company has made numerous discoveries in its two blocks in the Doba Basin in southern Chad and is exploring various early production options while also considering various joint venture opportunities that may arise from the current data room exercise. UHIC's acreage position also includes Block H in the prolific Termit Basin, which has two discoveries made by previous operators and is also immediately adjacent to numerous sizeable discoveries made by a large Chinese oil company in the Agadem block in Niger. For further information, please visit UHIC's website at: http://www.unitedhydrocarbon.com.

FORWARD‐LOOKING STATEMENTS

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the 2015 Annual Information Form of Dundee and subsequent filings made with securities commissions in Canada. Dundee does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Dundee Corporation
John Vincic
Media Relations
[phone]

Dundee Corporation
Lucie Presot
Executive Vice President and Chief Financial Officer
[phone]

United Hydrocarbon International Corp.
Gabriel Ollivier
President and CEO
[phone]
www.unitedhydrocarbon.com