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 completed the acquisition of 150,000 series A trust unit
purchase warrants ("Series A Warrants") of CMP Gold Trust ("CMP Gold") at a
price of $1.51 per Series A Warrant pursuant to a private transaction. Each
Series A Warrant entitles the holder, upon exercise at the price of $12.00, to
acquire a trust unit ("Trust Unit") and one-half of one Series B trust unit
purchase warrant (each a "Series B Warrant"). Each Series B Warrant entitles the
holder, upon exercise at the price of $15.00, to acquire a Trust Unit.


In addition, Dundee Resources Limited, a wholly owned subsidiary of Dundee
Corporation owns 353,419 Trust Units and an equal number of Series A Warrants.
Immediately following the acquisition of the Series A Warrants, Dundee
Corporation and Dundee Resources Limited exercised their respective Series A
Warrants and acquired Trust Units and Series B Warrants representing an 14.98%
interest on a undiluted basis or a 18.57% interest in CMP Gold assuming the
conversion of the Series B Warrants.


The securities of CMP Gold were acquired for investment purposes and holdings in
CMP Gold 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.


ABOUT DUNDEE CORPORATION

Dundee Corporation is an asset management company dedicated to wealth
management, real estate and resources that, combined, reflect approximately $87
billion under management and administration. Its domestic wealth management
activities are carried out through its 60% controlled subsidiary, DundeeWealth
Inc. Dundee Corporation's real estate activities are conducted through its 70%
owned subsidiary, Dundee Realty Corporation, which operates as an asset manager
of commercial real estate with activities in a land and housing business in
Canada and the United States. Resource activities are carried out through its
wholly-owned subsidiary, Dundee Resources Limited. Asset management activities
are carried out through Ned Goodman Investment Counsel Limited and Dundee Real
Estate Asset Management (DREAM).

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