DUNDEE PRECIOUS METALS INC.

Dundee Precious Metals announced a Bulgarian Supreme Administrative Court decision on the appeals proceedings with respect to the Environmental Impact Assessment resolution for the planned construction and operation of a metals processing facility at Chelopech. The Court decision is for revocation of the Environmental Impact Assessment resolution issued by the Minister of Environment and Waters in July 2008 and a return of the Environmental Impact Assessment administrative file to the Ministry of Environment and Waters for another review. The court decision is not final and is subject to appeal before a five-member Court panel. The Company will appeal this decision.