Dundee Precious Metals Completes $150 Million Revolving Credit Facility

Dundee Precious Metals Completes $150 Million Revolving Credit Facility 
TORONTO, ONTARIO -- (Marketwire) -- 02/15/13 --  
(All monetary figures are expressed in U.S. Dollars unless otherwise
Dundee Precious Metals Inc. (TSX:DPM)(TSX:DPM.WT.A) ("DPM" or "the
Company") has entered into a long-term committed revolving credit
facility of $150 million (the "Revolving Facility") with BNP Paribas,
Canadian Imperial Bank of Commerce, European Bank for Reconstruction
and Development ("EBRD"), Raiffeisen Bank International AG
("Raiffeisen"), Royal Bank of Canada, and Unicredit Bank AG
("Unicredit"), who led the transaction. The Revolving Facility is
comprised of two tranches of $125 million and $25 million that mature
in February 2016 and 2018, respectively, and is supported by
guarantees from and by pledges of the shares of the Company's wholly
owned operating subsidiaries. Interest is based on LIBOR plus a
spread, which varies between 2.75% and 4.25%, depending upon the
Company's financial indebtedness and adjusted earnings, as defined in
the Revolving Facility. 
"This Revolving Facility provides us with a cost effective and
flexible source of funding and we are delighted with the strong
support we received from our existing lenders and the new banks who
participated in this transaction" said Jonathan Goodman, DPM's
President and CEO. "With this financing, our cash on hand and the
strong cash flow we are generating, we are well positioned to fund
our strategic initiatives, including the upgrades being made at NCS,
the gold pyrite circuit at Chelopech, the drilling at Deno to support
a potential mine expansion, and the development of the Krumovgrad
gold project." 
Concurrent with this transaction, DPM refinanced its Chelopech loans
of $81.25 million with EBRD, Unicredit, and Raiffeisen. The terms of
the new loans are substantially the same, with the exception that DPM
has become the borrower, the lenders now share in the same security
granted under the Revolving Facility, and the cash sweep that
previously existed has been eliminated. 
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 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 47.3%
interest in Dunav Resources Ltd. and its 10.7% interest in Sabina
Gold & Silver Corp. 
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.
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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