Parq Holdings Limited Partnership Completes Project Financing for Development of Vancouver-Based Urban Entertainment and Leisure Resort - Seite 2

About Paragon Gaming Inc.

Paragon Gaming Inc. and its affiliates are one of North America's leading destination resort developers. The Company's principals are responsible for the successful development and operation of numerous landmark projects throughout North America, with a special emphasis on gaming-based destinations.

About PBC Real Estate Advisors Inc.

PBC Real Estate Advisors Inc., as an asset manager is engaged through limited partnerships to pursue, develop, acquire, fund and manage various real estate assets including land, real property and mortgages on behalf of its institutional limited partners. PBC Real Estate Advisors Inc. currently manages assets in Ontario, Québec, Nova Scotia, Alberta and British Columbia.

This press release contains "forward-looking statements" within the meaning of applicable securities laws that are intended to be covered by the safe harbours created by those laws, including statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential", or the negative thereof or other variations thereof or comparable terminology. Such forward-looking statements may include, without limitation, statements regarding the completion of the proposed project and other statements that are not historical facts. While such forward-looking statements are expressed in good faith and believed to have a reasonable basis, they are subject to important risks and uncertainties including, without limitation, the negotiation and completion of definitive agreements relating to the project, financing of the project, approval of applicable governmental authorities and changes in applicable laws or regulations, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. As a result of these risks and uncertainties, the proposed project could be modified, restructured or not be completed, and the results or events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. Neither Dundee Corporation, Paragon Development Ltd., PBC VUR Limited Partnership or any of their affiliates affirm or adopt any statements made by any other person in respect of the proposed project and each expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws or to comment on expectations of, or statements made by any other person in respect of the proposed project. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Reliance on forward-looking statements is at the investors' own risk.