DPM Board Announces Planned Executive Transition

DPM Board Announces Planned Executive Transition 
TORONTO, ONTARIO -- (Marketwire) -- 11/19/12 -- The board of
directors of Dundee Precious Metals Inc. (TSX:DPM)(TSX:DPM.WT.A)
("DPM" or "the Company") has announced that, during 2013, Jonathan
Goodman, President and CEO, will assume the role of Executive
Chairman of the board of DPM, where he will continue to play a strong
leadership role for the organization by developing, and overseeing
the execution of, the Company's strategic plan. 
At the same time, Rick Howes, the Executive Vice President and Chief
Operating Officer, will be appointed President and Chief Executive
Officer. Rick joined DPM in 2009 after a highly successful career in
key management roles at leading Canadian mining companies, including
Cominco, Falconbridge and Inco. Initially, as General Manager of the
Company's flagship operation in Chelopech, he led a successful
transformation of the mine, establishing record production levels and
securing significant cost reductions. He was appointed COO in 2010
and has continued the implementation of systems and best practices
throughout the organization to drive sustained performance. 
William Wilson, Chairman, stated that this transition is "a clear
example of how an organization can manage the present and anticipate
the future with solid succession planning. Jonathan's depth and
experience with the investor community and financial markets will
perfectly complement Rick's leadership as he works to deliver on the
current business plan and prepare for future growth."  
Jonathan Goodman concluded, "DPM's vision is to develop great assets
and great people in a manner consistent with our core values and to
the benefit of all stakeholders. I look forward to working with Rick
and the leadership team as we continue to build a great company." 
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 o
f 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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