DC.PR.B Dundee Corporation

In accordance with regulatory requirements, Dundee Corporation
(TSX:DC.A)(TSX:DC.PR.A)(TSX:DC.PR.B) ("Dundee" or the "Company") announced today
that accounts sub-advised by Ned Goodman Investment Counsel Limited, a wholly
owned subsidiary of Dundee, have acquired an aggregate of 2,857,143 units (each
a "Unit") of Lateegra Gold Corp. ("Lateegra") pursuant to Lateegra's previously
announced private placement. Each Unit is comprised of one common share in the
capital of Lateegra ("Common Share") and one-half of one common share purchase
warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one
Common Share at an exercise price of $0.50 for a period of one year from the
date of closing. This represents an approximate 6.74% interest in Lateegra on an
undiluted basis or an approximate 9.77% interest assuming the conversion of all
Warrants acquired by Ned Goodman Investment Counsel pursuant to the transaction.


These holdings, together with 1,250,000 Common Shares and 625,000 Warrants
previously acquired by a subsidiary of Dundee, represent an approximate
aggregate 9.68% interest in Lateegra on an undiluted basis or an approximate
13.85% interest assuming the conversion of all Warrants.


The position in Lateegra was acquired for investment purposes and may be
increased or decreased in the future as considered appropriate in light of
investment criteria, market conditions and other factors and in accordance with
the provisions of applicable securities legislation.


ABOUT DUNDEE CORPORATION

Dundee Corporation is an asset management company dedicated to wealth
management, real estate and resources that, combined, reflect approximately $87
billion under management and administration. Its domestic wealth management
activities are carried out through its 60% controlled subsidiary, DundeeWealth
Inc. Dundee Corporation's real estate activities are conducted through its 70%
owned subsidiary, Dundee Realty Corporation, which operates as an asset manager
of commercial real estate with activities in a land and housing business in
Canada and the United States. Resource activities are carried out through its
wholly-owned subsidiary, Dundee Resources Limited. Asset management activities
are carried out through Ned Goodman Investment Counsel Limited and Dundee Real
Estate Asset Management (DREAM).

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