DUNDEE GAINS LATAM FOOTHOLD THROUGH INV ACQUISITION

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Location of Loma Larga in relation to INV's exploration projects in Ecuador

Dundee Precious Metals Inc. (TSX: DPM) finalized an agreement to secure 94.5% ownership of INV Metals Inc., in which it already owns approximately 23.5%. The transaction includes the 35.5% of INV Metals held by IAMGOLD Corporation (TSX: IMG), and the conversion rate of 0.0910 DPM shares for each INV share implies a total transaction value of CAD$132mn.

INV Metals manages the Loma Larga gold property estimated to host 2.56mOz AuEq within a 13.9mt ore deposit, and has exploration concessions for three other properties.

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