DPM Dundee Precious Metals Inc

Dundee Precious Metals Inc. (TSX:DPM) (TSX:DPM.WT.A) ("DPM" or the "Company")
announces that it has been issued an additional 5,000,000 common shares
("Shares") and 2,500,000 share purchase warrants ("Warrants") of Sabina Gold &
Silver Corp. ("Sabina") for no additional consideration, upon the exercise of
5,000,000 series A special warrants.


The series A special warrants held by DPM were automatically exercised upon the
decision by Sabina to proceed with a feasibility study on all or part of the
Back River project, which decision was made by the directors of Sabina on
October 7, 2013. Each Warrant is exercisable, at the discretion of DPM, into one
Sabina Share at $1.07 until June 9, 2014. 


"We are encouraged by Sabina's decision to proceed to feasibility on Back River
and we look forward to the further advancement of this exciting project," said
Rick Howes, President and CEO.


As a result of the above exercise, DPM now holds 23,539,713 Shares and 2,500,000
Warrants of Sabina, representing a 12.1% interest, on an undiluted basis, and
13.3%, assuming the exercise of the Warrants.


DPM continues to hold an additional 5,000,000 series B special warrants of
Sabina that will be automatically exercised, for no additional consideration,
upon a decision by Sabina to proceed to production on the Back River project.
Each series B special warrant consists of one Share and one half of one share
purchase warrant ("Series B Warrant"). Each whole Series B Warrant, if issued,
will be exercisable until June 9, 2014, at the discretion of DPM, into one
Sabina Share at $1.07. 


The above noted securities are held for investment purposes. These investments
will be reviewed on a continuing basis and such holdings may be increased or
decreased in the future.


DPM is a Canadian based, international gold mining company engaged in the
acquisition, exploration, development, mining and processing of precious metals.
The Corporation'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 12.1% interest in
Sabina. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Precious Metals Inc.
Richard Howes
President & Chief Executive Officer
(416) 365-2836


Dundee Precious Metals Inc.
Lori Beak
Senior Vice President, Investor &
Regulatory Affairs and Corporate Secretary
(416) 365-5165


Dundee Precious Metals Inc.
1 Adelaide Street East - Suite 500
P.O. Box 195
Toronto, Ontario, M5C 2V9

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