Dundee Precious Metals' Shareholders Elect All 13 Nominees to the Board of Directors

TORONTO, ONTARIO -- (Marketwired) -- 05/09/13 -- Dundee Precious Metals Inc. (TSX: DPM)(TSX: DPM.WT.A) (the "Company" or "DPM") held its annual and special meeting of shareholders in Toronto today. A total of 105,317,751 shares (approximately 83.80% of the outstanding common shares) were represented in person or by proxy.

The shareholders appointed the 13 board members (nine of whom are independent), with shares represented at the meeting voting in favour of the individual directors as follows:

Derek H.L. Buntain       99.69%
R. Peter Gillin          99.92%
Jonathan Goodman         99.70%
Richard Howes            99.92%
Murray John              92.75%
Jeremy Kinsman           99.92%
Garth A.C. MacRae        86.34%
Peter Nixon              99.82%
Ronald Singer            99.91%
Eira Thomas              84.05%
Anthony P. Walsh         86.29%
William G. Wilson        99.91%
Donald Young             99.92%

Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition, exploration, development, mining and processing of precious metals. The Company's principal operating assets include the Chelopech operation, which produces a gold, copper and silver concentrate, located east of Sofia, Bulgaria; the Kapan operation, which produces gold, copper, zinc and silver concentrate, located in southern Armenia; and the Tsumeb smelter, a concentrate processing facility located in Namibia. DPM also holds interests in a number of developing gold properties located in Bulgaria, Serbia, and northern Canada, including interests held through its 53.1% owned subsidiary, Avala Resources Ltd., its 45.5% interest in Dunav Resources Ltd. and its 10.7% interest in Sabina Gold & Silver Corp.

Contacts:

Dundee Precious Metals Inc.

Lori Beak

Senior Vice President, Investor &

Regulatory Affairs and Corporate Secretary

(416) 365-5165
lbeak@dundeeprecious.com