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Dundee Precious Metals Announces Passing of Chair R. Peter Gillin

Management Changes

Dundee Precious Metals Announces Passing of Chair R. Peter Gillin

Toronto, May 5, 2025 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”)

announces with great sadness the passing of R. Peter Gillin, Chair of the Company’s Board of Directors

since 2022 and a director for the past 16 years.

David Rae, President and CEO of Dundee Precious Metals stated: “We are deeply saddened by Peter’s

passing. His steady leadership and oversight as a director and Chair over the years laid the foundation

for our transformation into the responsible, growing precious metals producer we are today. He was

widely respected for his judgment and diplomatic style, and his wise counsel and friendship will be

missed by all.

“On a personal note, I will always remember not only his dedication and support for our success, but

most importantly, his example of leading with our values and ensuring our organization is one that we

are all proud to be a part of. The entire team at DPM would like to express its deepest condolences to

his family, friends, and all those who had the privilege of working with him.”

Mr. Gillin joined DPM as a director in 2009 and served as Deputy Chair from 2013 until his appointment

as Chair of the Board in 2022. He made significant contributions to the mining sector, including service

on the boards of Wheaton Precious Metals, Sherritt International Corporation and as Chair of Turquoise

Hill Resources. He was highly regarded in Canada ’s financial community, following a distinguished

career in investment banking, and he earned broad recognition across the capital markets and mining

communities for his integrity and strategic insight.

In accordance with the Board’s succession planning process, the Company is announcing the

appointment of Juanita Montalvo as Chair of the Board. Ms. Montalvo has served on DPM’s Board since

2017, including as Chair of the Corporate Governance and Nominating Committee and previously as

Chair of the Sustainability Committee. With more than 25 years of international experience in the mining

and extractive sectors, she has a strong track record in the development of large -scale industrial

projects, operational and strategic decision making, and brings extensive governance expertise.

About Dundee Precious Metals Inc.

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

and projects located in Bulgaria, Serbia and Ecuador. Our strategic objective is to become a mid -tier

precious metals company, which is based on sustainable, responsible and efficient gold production from

our portfolio, the development of quality assets, and maintaining a strong financial position to support

growth in mineral reserves and production through disciplined strategic transactions. This strategy

creates a platform for robust growth to deliver above -average returns for our shareholders. DPM’s

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

For further information please contact:

Jennifer Cameron

Director, Investor Relations

Tel: (416) 219-6177

[email protected]