Dundee Corporation Discontinues Arrangements With Credit

Dundee Corporation Discontinues Arrangements With Credit Rating
TORONTO, ONTARIO -- (Marketwire) -- 12/07/12 -- Dundee Corporation
(TSX:DC.A)(TSX:DC.PR.A)(TSX:DC.PR.B) (the "Corporation") today
announced that it has chosen to discontinue the services of each of
Standard & Poor's and DBRS with regards to maintaining a credit
rating for the Corporation. The Corporation has determined that since
it has limited amounts of public debt outstanding, and no current
intention to issue additional public debt, there is no need for it to
maintain the credit ratings, nor incur the significant associated
costs of maintaining such ratings. 
Dundee Corporation is an independent publicly traded Canadian asset
management company. The Corporation's asset management activities are
focused in the areas of the Corporation's core competencies and
include real estate and infrastructure as well as energy, resources
and agriculture. Asset management activities are carried out by
Goodman Investment Counsel Inc. (formerly Ned Goodman Investment
Counsel Limited), a registered portfolio manager and exempt market
dealer across Canada and an investment fund manager in the provinces
of Ontario, Quebec and Newfoundland; and by DREAM, the asset
management division of Dundee Realty Corporation, a 70% owned
subsidiary of the Corporation. Asset management activities are
supported by the Corporation's ownership interest in Dundee Capital
Markets Inc. Dundee Capital Markets is also the asset manager of the
Corporation's flow-through limited partnership business carried out
through the "CMP", "CDR" and "Canada Dominion Resources" brands.
Dundee Corporation also owns and manages direct investments in these
core focus areas, through ownership of both publicly listed and
private companies. Real estate operations are carried out through the
Corporation's investment in Dundee Realty Corporation, an owner,
developer and manager of residential and recreational properties in
North America. Energy and resource operations include the
Corporation's ownership in Dundee Energy Limited, an oil and natural
gas company with a mandate to create long-term value through the
development of high impact energy projects. The Corporation also
holds other investments in the resource sector, several of which are
equity accounted. Agricultural activities are carried out through
Dundee Agricultural Corporation. Dundee Agricultural Corporation
holds an 84% interest in Blue Goose Capital Corporation, a privately
owned Canadian company with a leading position in the organic and
natural beef production market with operations in both British
Columbia and Ontario.
Dundee Corporation
Ned Goodman
President and Chief Executive Officer
(416) 365-5665 
Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
(416) 365-5157
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