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DPM.TO ·

Dundee Precious Metals Announces CFO Retirement

Management Changes

Dundee Precious Metals Announces CFO Retirement

Toronto, Ontario, September 6, 202 2 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” of “the

Company”) today announced today that Hume Kyle, Executive Vice President and Chief Financial Officer

(“CFO”), will be retiring from DPM at the end of 2022. The Company has initiated a search process to

onboard a new CFO by year-end. During this process, Mr. Kyle will continue as CFO and has indicated he

will provide his full support to ensure there is a smooth transition.

“As a member of DPM’s executive team, Hume provided a steady hand and strong le adership over our

financial and commercial affairs, including helping to lead us through some challenging periods . His

commitment to disciplined capital allocation , building our balance sheet strength and developing a highly

capable finance organization have positioned us well to execute our strategy and generate significant value

for our stakeholders,” said David Rae, President and Chief Executive Officer. “ Hume has been a valued

team member and colleague over the years, and I would like to personally thank him for his years of

dedication and leadership.”

Hume Kyle stated, “It has been a privilege to serve as CFO of DPM over the past 11 plus years, to work

with so many dedicated and talented people and to be part of DPM’s transformation into a high performing,

financially strong mid-tier gold producer. I am looking forward to watching DPM achieve new heights and

to having more time to pursue personal interests.”

Anthony Walsh, Chair of DPM’s Audit Committee, also expressed his sincere appreciat ion for Mr. Kyle’s

contributions: “Hume consis tently demonstrated his capability as a seasoned financial professional who

developed a trusted working relationship with the Audit Committee . We are very appreciative of his

contributions and sound advice over the years, as well as his ongoing support through this period of

transition.”

About Dundee Precious Metals

Dundee Precious Metals Inc. is a Canadian -based international gold mining company with operations and

projects located in Bulgaria, Namibia, Ecuador and Serbia. The Company’s purpose is to unlock resources

and generate value to thrive and grow together. This overall purpose is supported by a foundation of core

values, which guides how the Company conducts its business and informs a set of complementary strategic

pillars and objectives related to ESG, innovation, optimizing our existing portfolio, and growth. The

Company’s resources are allocated in -line with its strategy to ensure that DPM delivers value for all of its

stakeholders. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).

For further information please contact:

David Rae

President and Chief Executive Officer

Tel: (416) 365-5092

[email protected]

Jennifer Cameron

Director, Investor Relations

Tel: (416) 219-6177

[email protected]