DC.A Dundee Corporation

Dundee Corporation (TSX:DC.A) ("Dundee" or the "Company") is reorganizing itself
into two divisions; wealth management (consisting of Goodman & Company,
Investment Counsel, Dundee Capital Markets, Dundee Goodman Private Wealth and
Dundee Securities) and Merchant Banking in resources, agriculture, food and real
estate opportunities. David Goodman has taken over as the President and CEO of
Dundee Corporation with Ned Goodman as Chairman of the Board as well as
President and CEO of the company's newly created Merchant Banking division,
which currently oversees in excess of $600 million of invested capital focused
on resources, real estate, precious metals, oil and gas and agriculture.


"This is the same organizational structure the Company used during the historic
build out of DundeeWealth and Dynamic, prior to our sale to the Bank of Nova
Scotia, and should again give us the best opportunity to continue building our
Wealth Management as well as Merchant Banking activities", stated Mr. Ned
Goodman.


David Goodman stated, "Our strategy is to build an independent, integrated and
diversified financial services firm and to recreate the environment that led to
the past success at Dynamic and DundeeWealth. Our strategic plan will capitalize
on Dundee's core strengths in merchant banking while allowing Dundee to capture
new opportunities in investment management, including ETFs and alternative
investments. We have a great opportunity to lead the development and growth of
the next stage of the Dundee business. We will work together to maintain
Dundee's strengths, its great people and core businesses, and expand into new
growth areas, including new products and markets, for the long-term benefit of
Dundee, our clients, and stakeholders."


The Board would like to thank Harold (Sonny) Gordon for his service as Chairman
of the Board. Mr. Gordon will continue with Dundee in the role of Vice-Chairman.


ABOUT DUNDEE

Dundee is a public Canadian independent holding company listed on the Toronto
Stock Exchange under the symbol "DC.A". Through its operating subsidiaries,
including its newly created London-based Merchant Bank, Dundee is engaged in
diverse business activities in the areas of its core competencies including
investment advisory and corporate finance, energy, resources, agriculture, real
estate and infrastructure. Dundee also holds, directly and indirectly, a
portfolio of investments mostly in these core focus areas, as well as other
select investments in both publicly listed and private companies.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Corporation
David Goodman
President and Chief Executive Officer
(416) 365-2571

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