DPM Board Announces Senior Appointment

DPM Board Announces Senior Appointment 
TORONTO, ONTARIO -- (Marketwire) -- 11/14/12 -- The board of
directors of Dundee Precious Metals Inc. (TSX:DPM)(TSX:DPM.WT.A)
("DPM" or "the Company") is pleased to announce the appointment of a
new officer to DPM's senior management team. 
Effective November 19, 2012, David Rae joins DPM as Senior Vice
President, Operations. David is a seasoned international mining and
smelting executive with extensive experience in Africa, Europe and
Canada. He has held increasingly senior operating and executive roles
with international mining companies including Falconbridge, Xstrata
and, most recently, Andean American. David will report directly to
Rick Howes, DPM's EVP and Chief Operating Officer.  
"DPM's vision is to develop great assets and great people. Every day
we work to bring that vision to life in a manner that is consistent
with our values and respects our stakeholders", said Jonathan
Goodman, President and CEO. "I am delighted David will be joining our
team. He is a highly accomplished professional and, with operations
internationally and a growing list of development and expansion
projects worldwide, his skills and experience will serve us well. We
look forward to working with David as we continue to build a great
This news release contains "Forward-looking statements" that involve
a number of risks and uncertainties. Forward-looking statements
include, but are not limited to, statements with respect to the
future price of gold and silver, the estimation of mineral reserves
and resources, the realization of mineral estimates, the timing and
amount of estimated future production and output, costs of
production, capital expenditures, costs and timing of the development
of new deposits, success of exploration activities, permitting time
lines, currency fluctuations, requirements for additional capital,
government regulation of mining operations, environmental risks,
unanticipated reclamation expenses, title disputes or claims,
limitations on insurance coverage and timing and possible outcome of
pending litigation. Often, but not always, forward-looking statements
can be identified by the use of words such as "plans", "expects", or
"does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking statements
are based on the opinions and estimates of management as of the date
such statements are made, and they involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any other future results, performance or achievements expressed
or implied by the forward-looking statements. 
Such factors include, among others: the actual results of current
exploration activities; actual results of current reclamation
activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of gold,
copper, zinc and silver; possible variations in ore grade or recovery
rates; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or
in the completion of development or construction activities,
fluctuations in metal prices, as well as those risk factors discussed
or referred to in documents filed from time to time with the
securities regulatory authorities in all provinces and territories of
Canada and available at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described
in forward-looking statements, there may be other factors that cause
actions, events or results not to be anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Unless
required by securities laws, the Company undertakes no obligation to
update forward-looking statements if circumstances or management's
estimates or opinions should change. Accordingly, readers are
cautioned not to place undue reliance on forward-looking statements. 
About DPM 
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 Deno Gold operation, which produces a 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 51.4% owned subsidiary, Avala Resources Ltd., its
47.3% interest in Dunav Resources Ltd. and its 10.7% interest in
Sabina Gold & Silver Corp. 
Dundee Precious Metals Inc.
Jonathan Goodman
President & Chief Executive Officer
(416) 365-2408
Dundee Precious Metals Inc.
Lori Beak
Senior Vice President, Investor & Regulatory
Affairs and Corporate Secretary
(416) 365-5165
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