Dunnedin Appoints Tornquist as President, Adds to Operations Team IN Advance of Drilling

DUNNEDIN VENTURES INC.

Suite 1020, 800 West Pender Street

Vancouver, BC V6C 2V6

Tel: 604.646.8351 / Fax: 604.646.4526

For Immediate Release TSX-V: DVI

DUNNEDIN APPOINTS TORNQUIST AS PRESIDENT, ADDS TO OPERATIONS TEAM IN ADVANCE

OF DRILLING

November 20, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin")

(TSX-V: DVI) is pleased to announce the appointment of Ms. Claudia Tornquist, M.Eng, MBA as the

company’s new President. Ms. Tornquist, a senior-level executive, initially joined Dunnedin as an advisor

in 2015 and was appointed to the board of directors in 2016. The Company also announces the appointment

of Mr. Jeff Ward, P.Geo, as Vice President, Exploration, Mr. Andrew Berry as Vice President, Operations

and Ms. Emily McNie as Project Geologist. Mr. Ward, Mr. Berry and Ms. McNie have over 30 years of

collective experience in Nunavut, and a successful track record of diamond exploration and discovery.

Chris Taylor, Dunnedin’s CEO said, “We are anticipating a very active 2018 as we drill a number of newly

identified kimberlite pipe targets, and also drill to expand our existing diamond resource at our 100% owned

Kahuna project in Nunavut. Ms. Tornquist’s experience with Rio Tinto’s Diamonds Group will add breadth

and depth of advanced -stage diamond industry experience to a strong exploration team that is current ly

advised by Dr. Charles Fipke and Mr. John Robins. With extensive experience in Nunavut and a

background in diamond exploration and processing, Mr. Ward and Mr. Berry provide operational

experience to Dunnedin that will allow the Company to grow through the advanced-stage exploration work

anticipated in the new year.”

Claudia Tornquist, Dunnedin’s President said, “ I am very excited about the tremendous opportunity

Dunnedin has at the Kahuna project in Nunavut and the world-class team Mr. Taylor has assembled. The

Kahuna project stands out as an advanced project with proven diamond potential and an existing 4 million

carat resource with a clear path to expansion at low cost . In addition, Dunnedin ’s large land package

provides tremendous exploration upside and numerous kimberlite pipe targets have been identified with the

potential for a transformative discovery. 2018 will be an important year to bring the Kahuna project to the

next level.”

The new Dunnedin Ventures appointments are as follows:

Claudia Tornquist, M.Eng, MBA, President and Director

Ms. Tornquist’s prior experience includes her role as Executive Vice President of Business Development

at Sandstorm Gold, a streaming and royalties company where she financed junior mining companies in the

precious metals, base metals and diamond sectors. Prior to that she worked for nine years at Rio Tinto as

general manager in strategy, business evaluation and business development roles. In the diamonds sector

Ms. Tornquist led the development of a growth strategy for Rio Tinto’s Diamonds Group and she also

evaluated and advised Rio Tinto’s Investment Com mittee on major expansions of the Argyle and Diavik

diamond mines.

Jeff Ward, P.Geo, VP Exploration

Mr. Ward has over 30 years of exploration experience across Canada’s north, most recently as President of

Kivalliq Energy Corp. (TSX-V: KIV), and will assist Dunnedin will all aspects or program planning and

implementation. As Regional Project Manager for Ashton Mining of Canada Inc. he directed diamond

exploration in the Northwest Territories, Nunavut and Alberta. As General Manager-Laboratory Services

for Ashton and Stornoway Diamond Corp (TSX: SWY), he supervised operations at a 50 -person North

Vancouver head office and laboratory facility specializing in diamond evaluation. Mr. Ward also ran

several on-site DMS plants processing for surface and underground bulk samples at the Renard Project in

Quebec, Canada’s newest diamond mine.

Andrew Berry, VP Operations

Mr. Berry has been COO of Kivalliq Energy Corp. since 2010 and will co -manage exploration activities

for Dunnedin. He has both surface and underground experience with precious metal, base metal and

diamond deposits in South America , Africa and Canada, including mine development with Flanagan

McAdam Ltd. and the Muscocho Group in Ontario . As Project Manager with Ashton Mining of Canada

Inc. and Stornoway Diamond Corp., Mr. Berry specialized in operational logistics while exploring for

diamonds in Canadian arctic environments for over 15 years.

Emily McNie B.Sc, Project Geologist

Ms. McNie has been working in the vicinity of Dunnedin’s Kahuna project a s Project Geologist with

Kivalliq Energy Corp. since 2011. She will assist with program implementation and will supervise field

operations. Ms. McNie’s background includes technical and regulatory reporting and administration of

environmental compliance and permitting in Nunavut with a focus on the Kivalliq district.

Update on Plan of Arrangement

In addition to published diamond resources in two kimberlite bodies, and identification of new potentially

diamond-hosting kimberlite pipe targets that will be drill tested in early 2018, Dunnedin also announced

the discovery of widespread gold in tills ac ross the Kahuna property in 2016, and its intention to spin out

gold rights to the project . The project is contiguous with the Meliadine property of Agnico Eagle Mines

Ltd. and overlies similar banded iron formation units that also host gold at Meliadine.

The Company notifies shareholders of record on July 17, 2017 that materials related to the proposed Plan

of Arrangement (“POA”) to spin out the gold mineralization rights at Kahuna will be mailed out by the

close of November, and a special meeting to app rove the POA is expected to take place in mid -to-late

December, 2017. Details of the POA will be included in the mail out material and will also be announced

by the Company at the time of mailing.

Figure 1: Expanded boundaries of the Kahuna project, September 2017. Agnico Eagle’s (TSX: AEM)

Meliadine project is contiguous with the Kahuna project and is shown in yellow.

Mr. Jeff Ward, P.Geo, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent

interest. Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut.

Dunnedin is now recovering diamonds and indicator minerals from a series of kimberli te and till samples

collected from three seasons of field work. An Inferred Resource released by Dunnedin showed over 4

million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the

partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling, and remains open

to extension. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a

piece of a larger diamond that had been broken during the sample preparation process and was reconstructed

as having an original size of 13.42 carats. Recent results include a 2.03 tonne sample of the PST kimberlite

dike which returned 223 macrodiamonds totalling 8.17 carats (+0.85 mm) and a 2.36 tonne sample of the

Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concern ing our plans, intentions and

expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-

looking statements". Forward -looking statements may be identified by words including "anticipates",

"believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that

forward-looking statements, including without limitation those relating to the Company's future operations

and business prospects, are subject to certain risks and unce rtainties that could cause actual results to

differ materially from those indicated in the forward-looking statements.