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DPM.TO ·

Dundee Precious Metals Declares Dividend

Corporate Actions

Dundee Precious Metals Declares Dividend

Toronto, Ontario, February 16 , 202 3 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” o r “the

Company”) today announced that i ts Board of Directors has declared a first quarter dividend of US$0.04

per common share.

The dividend is payable on April 17, 2023, to shareholders of record as at 5:00 p.m. Toronto local time on

March 31, 2023 and qualifies as an “eligible dividend” for Canadian income tax purposes.

Shareholders may elect to receive their dividend in U.S. or Canadian dollars by contacting their broker or,

where applicable, Computershare Investor Services Inc., the Company’s registrar and transfer agent. If no

election is made, residents of Canada will be paid in Canadian dollars and non-residents of Canada will be

paid U.S. dollars. Dividends to be paid in Canadian dollars will be converted to Canadian dollars using the

spot exchange rate on April 10, 2023.

Dividends paid to shareholders that are non -residents of Canada are generally subject to withholding tax

unless reduced in accordance with the provisions of an applicable tax treaty.

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 b y 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]