DC.PR.B Dundee Corporation

In accordance with regulatory requirements, Dundee Corporation
(TSX:DC.A)(TSX:DC.PR.A)(TSX:DC.PR.B) ("Dundee" or the "Company") announced today
that it has acquired, in a private placement, 4,444,444 units (each a "Unit") of
Bold Ventures Inc. ("Bold Ventures") at a price of $0.225 per Unit. Each Unit is
comprised of one common share in the capital of Bold Ventures (each a "Common
Share") and one-half of one common share purchase warrant (each a "Warrant").
Each whole Warrant entitles the holder to purchase one Common Share at an
exercise price of $0.39 for a period of 24 months from the date of closing. This
holding represents an approximate 13.73% interest in Bold Ventures on an
undiluted basis or an approximate 19.27% interest assuming the conversion of all
Warrants.


The position in Bold Ventures was acquired for investment purposes and may be
increased or decreased in the future as considered appropriate in light of
investment criteria, market conditions and other factors and in accordance with
the provisions of applicable securities legislation.

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