Dundee Precious Metals Announces it will Not Submit a Revised Offer in Response to Superior Proposal Notice from Osino Resources - Seite 2

For further information please contact:

David Rae President and Chief Executive Officer Tel: [phone] [e-mail]

Jennifer Cameron Director, Investor Relations Tel: [phone] [e-mail]

Cautionary Note Regarding Forward Looking Statements

This news release contains “forward looking statements” or “forward looking information” (collectively, “Forward Looking Statements”) that involve a number of risks and uncertainties. Forward Looking Statements are statements that are not historical facts and are generally, but not always, identified by the use of forward looking terminology such as “plans”, “expects”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” and similar words, or variations of such words and phrases, or that state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms or similar expressions. The Forward Looking Statements in this news release relate to, among other things, the potential termination of the Arrangement Agreement and Osino’s payment of a termination fee (in the amount of C$10.0 million) to the Company and the timing of the preliminary economic assessment for the Čoka Rakita gold project. Forward Looking Statements are based on certain key assumptions and the opinions and estimates of management as of the date such statements are made, and they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any other future results, performance or achievements expressed or implied by the Forward Looking Statements. Such factors include, among others, changes in market and other conditions and other risks and factors discussed or referred to in the latest annual information form and management’s discussion and analysis and other recent public disclosure of the Company filed from time to time with the securities regulatory authorities in all provinces and territories of Canada and available on SEDAR+ at www.sedarplus.ca.