Dundee Corporation and United Hydrocarbon International Corp. Announce Closing of Transaction With Delonex Energy Limited - Seite 3

FORWARD-LOOKING INFORMATION CAUTIONARY STATEMENTS

This press release contains forward-looking statements. More particularly, this press release contains statements concerning the terms of the Transaction and the anticipated benefits of the Transaction to United shareholders and other stakeholders.

The forward-looking statements in this press release are based on certain key expectations and assumptions made by United and Delonex, including expectations and assumptions concerning the prevailing market conditions, the actions and decisions by the Ministry of Petroleum and Energy in Chad, other decisions and approvals of the Chad government, commodity prices and the availability of capital.

Although Dundee, United and Delonex believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Dundee, United and Delonex can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with adverse market conditions, the risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserves estimates; the uncertainty of estimates and projections relating to production, costs and expenses; and health, safety and environmental risks), uncertainty as to the availability of labour and services, commodity price and exchange rate fluctuations, unexpected adverse weather conditions, general business, economic, competitive, political and social uncertainties, capital market conditions and market prices for securities and changes to existing laws and regulations.

Forward-looking statements are based on estimates and opinions of management of United and Delonex at the time the statements are presented. Dundee, United and Delonex may, as considered necessary in the circumstances, update or revise such forward-looking statements, whether as a result of new information, future events or otherwise, but United and Delonex undertake no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.

For further information on Dundee, please contact:
John Vincic
Investor and Media Relations
[phone]

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

For further information on Delonex, please contact:
Steve Torode
Regional Director, Africa
[phone]
[e-mail]

Mike Walsh
General Counsel
+ 44 20 7024 4700
[e-mail]
View Delonex's website: www.delonexenergy.com

For further information on United, please contact:
Gabriel Ollivier
President and Chief Executive Officer
[phone]
[e-mail]
View United's website at: www.unitedhydrocarbon.com