Dunav Resources Announces Closing of $16.8 Million Financing

Dunav Resources Announces Closing of $16.8 Million Financing 
LONGUEUIL, QUEBEC -- (Marketwire) -- 03/06/13 -- Dunav Resources Ltd.
(TSX VENTURE:DNV) (the "Company" or "Dunav") is pleased to announce
that it has closed its previously announced brokered private
placement financing for total gross proceeds of $16,822,950.  
A total of 56,076,500 units, including 6,076,500 units from the
exercise of the over-allotment option (the "Option"), were sold at
$0.30 per unit (the "Offering"). Each unit was comprised of one
common share of the Company and one common share purchase warrant
("Warrant"). Each Warrant entitles the holder to acquire one common
share of Dunav at a price of $0.50 per share until March 6, 2016.  
The Offering syndicate was led by Dundee Securities Ltd. and included
Paradigm Capital Inc., Clarus Securities Inc. and Primary Capital
Inc. (collectively, the "Agents"). As consideration for their
services related to the Offering, the Agents received a cash
commission equal to 6.0% of the gross proceeds raised under the
Offering (inclusive of the Option). The Agents also received 6.0%
compensation warrants, exercisable into one unit at a price of $0.30
per unit until March 6, 2015. On units sold to certain existing
shareholders and to persons on the president's list, the Agents
received a reduced commission of 3.0% in cash and 3.0% in
compensation warrants.  
All securities issued in connection with the Offering, including the
broker warrants and the underlying securities, are subject to a hold
period that expires on July 7, 2013 and may not be traded except as
permitted under applicable securities legislation and the policies of
the TSXV. Subject to regulatory approval, the Company agreed to make
application to list the Warrants on the TSX Venture Exchange for
trading following the expiration of the hold period. 
The Company intends to use the net proceeds of the Offering for
further exploration and development of its mineral projects in the
Republic of Serbia and for general corporate purposes. 
Following the closing of the Offering, Dunav's issued and outstanding
share capital totals 175,319,442 common shares. Dundee Precious
Metals Inc. (TSX:DPM) subscribed for 23,333,400 units under the
Offering, resulting in a change in its ownership interest in Dunav's
outstanding common shares from 47.3% to 45.5% on a non-diluted basis. 
About Dunav Resources Ltd.: Dunav Resources is a mineral exploration
company focused on the acquisition, exploration and development of
mineral properties in Serbia. Additional information about the
Company is available on SEDAR at www.sedar.com and at
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press
Dunav Resources Ltd.
James Crombie
President and Chief Executive Officer
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