DC.A Dundee Corporation

In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A)
("Dundee") announces today that it has received, directly and indirectly, an
aggregate of 128,068,497 Subordinate Voting Shares, 50,000,000 Multiple Voting
Shares and 50,000,000 warrants (collectively, the "Securities") of Dundee
Sustainable Technologies Inc. ("DSTI") pursuant to the completion of the
recently announced amalgamation involving Creso Exploration Inc. and Dundee
Sustainable Technologies Inc. (formerly Nichromet Extraction Inc.). The warrants
held by Dundee are convertible into Subordinate Voting Shares of DSTI. Together
these holdings represent an approximate 64% equity interest and an 86% voting
interest in DSTI on an undiluted basis and an approximate 70% equity interest
and an 87% voting interest in DSTI assuming the exercise of the warrants held by
Dundee. The Securities are subject to an Escrow Agreement, the terms of which
are described in the Management Information Circular relating to the
amalgamation, which has been filed on SEDAR under the profile of Creso
Exploration Inc.


Dundee's interest in DSTI may be increased or decreased in the future in light
of investment criteria, market conditions and other factors in accordance with
the provisions of applicable securities legislation.


ABOUT DUNDEE CORPORATION

Dundee Corporation is a public Canadian independent holding company listed on
the Toronto Stock Exchange ("TSX") under the symbol "DC.A." Through its
operating subsidiaries, Dundee Corporation is engaged in diverse business
activities in the areas of its core competencies including investment advisory
and corporate finance, energy, resources, agriculture, real estate and
infrastructure. Dundee Corporation also holds, directly and indirectly, a
portfolio of investments mostly in these core focus areas, as well as other
select investments in both publicly listed and private companies.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Corporation
Ned Goodman
President and Chief Executive Officer
(416) 365-5665


Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
(416) 365-5157

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