Saturday, January 22 2022

TORONTO, December 17, 2021 (GLOBE NEWSWIRE) – Dundee Precious Metals Inc. (TSX: DPM) (the “Company”) announced today that it has set up an automatic repurchase plan with effect from Monday, December 20, 2021 with its designated broker in order to facilitate the purchases of its common shares as part of its previously announced normal course issuer bid (“NCIB”) at times when the Company would not normally be active in the market due to regulatory restrictions or self-imposed blackout periods.

Purchases made under the automatic buyback program, if any, will be made by the Company’s designated broker according to parameters prescribed by the Toronto Stock Exchange (“TSX”), applicable Canadian securities laws and the terms of the written agreement between the Company and its designated broker. The Automatic Redemption Plan constitutes an “automatic plan” for the purposes of applicable Canadian securities legislation and the agreement governing the Plan has been previously authorized by the TSX. Please refer to the Company’s press release dated February 25, 2021 for more information on the public tender offer.

About Dundee Precious Metals

Dundee Precious Metals Inc. is a Canada-based international gold company with operations and projects located in Bulgaria, Namibia, Ecuador and Serbia. The Company’s goal is to free up resources and generate value to prosper and grow together. This overall objective is supported by a set of fundamental values, which guides the way in which the Company carries out its activities and informs a set of pillars and complementary strategic objectives linked to ESG, innovation, optimization of our existing portfolio and growth. The Company’s resources are allocated in accordance with its strategy to ensure that DPM delivers value to all of its stakeholders. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).

For more information, please contact:

David rae
President and CEO
Phone. : (416) 365-5092
[email protected]

Hume Kyle
Executive Vice President and Chief Financial Officer
Phone. : (416) 365-5091
[email protected]

Jennifer cameron
Director, Investor Relations
Phone. : (416) 219-6177
[email protected]

Caution regarding forward-looking statements

This press release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) that involve a number of risks and uncertainties. Forward-looking statements are statements which are not historical facts and are generally, but not always, identified by the use of forward-looking terms such as “plans”, “expects”, “is expected”, “budget”, “Foreseen”, “” believes “,” foresees “,” prospect “,” intends “,” foresees “,” believes “, or variations of these words and expressions or which state that certain actions, events or results “could”, “could”, “would”, “could” or “will” be taken, occur or be achieved, or the negative of any of these terms or similar expressions. The forward-looking statements contained in this press release concern, among others: the purchases of ordinary shares within the framework of the public tender offer and the automatic buyback plan. Forward-looking statements are based on certain key assumptions and the opinions and estimates of management and qualified persons (in the case of technical and scientific information), as of the date on which such statements are made, and they involve known risks and unknowns, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to differ materially from any other future result, performance or achievement expressed or implied by forward-looking statements. In addition to the factors already discussed in this press release, these factors include, among others: risks related to the activities of the Company in general and the impact of global pandemics, including COVID-19, including changes in the chain supply, product shortages, delivery and shipping issues, plant, equipment or process shutdown and / or failure to operate as intended, infections of employees and contractors, lost working hours and labor shortages; no assurance that the company will purchase additional common shares of the company as part of the tender offer; fluctuations in metal and acid prices, toll tariffs and exchange rates; possible variations in ore grade and recovery rates; uncertainties inherent in the conclusions of economic assessments and studies, including the Timok Pre-Feasibility Study and the Loma Larga Feasibility Study (“FS”); uncertainties regarding the timing of the Timok FS; changes in project parameters, including schedule and budget, as plans continue to be refined; uncertainties as to the realization of the expected benefits of the acquisition of INV Metals Inc. and the development of the Loma Larga project; uncertainties regarding the actual results of ongoing exploration activities; the uncertainties and risks inherent in the development and commissioning of new mines, which may be subject to unforeseen delays; uncertainties inherent in doing business in foreign jurisdictions where corruption, civil unrest, political instability and rule of law uncertainties may impact on the Company’s business; limitations of insurance coverage; accidents, industrial disputes and other risks of the mining industry; delays in obtaining government approvals or financing or in completing development or construction activities; actual results of current and planned remediation activities; opposition from social and non-governmental organizations to mining projects and foundry operations; unforeseen title conflicts; complaints or disputes; the inability to achieve certain cost savings or potential benefits from any upgrades and / or expansions, including the planned installation of a holding rotary kiln, at the Tsumeb smelter; cyber attacks and other cybersecurity risks; the risks associated with the implementation, cost and realization of the benefits of digital initiatives; uncertainties as to the realization of the earn-outs targeted by MineRP Holdings Inc .; as well as the risk factors discussed or mentioned in any other document (including, without limitation, the most recent annual information form of the Company) filed from time to time with the securities regulators of all the provinces and territories of the Canada and available on SEDAR at www. sedar.com. The reader is cautioned that the foregoing list is not exhaustive of all the factors which may have been used. Although the Company has attempted to identify material factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ materially from those described in forward-looking statements. or results are not foreseen, estimated or foreseen. There can be no assurance that forward-looking statements will prove to be correct, as actual results and future events could differ materially from those anticipated in such statements. The Company’s forward-looking statements reflect current expectations regarding future events and speak only as of the date hereof. Unless required by securities laws, the Company assumes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions change. Therefore, readers are cautioned not to place undue reliance on forward-looking statements.


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