DC.A Dundee Corporation

In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A)
("Dundee") announces that it has acquired through a wholly owned subsidiary,
8,888,888 units ("Units") of Xylitol Canada Inc. ("Xylitol") in a private
placement at a price of $0.225 per Unit. Each Unit consists of one common share
in the capital of Xylitol and one-half of one common share purchase warrant
("Warrant"). Each whole Warrant entitles the holder to purchase one common share
at the price of $0.375 for a period of 24 months.


Dundee owns or controls a position in Xylitol representing an approximate 12.09%
interest or 17.09% assuming the exercise of all Warrants. 


The position in Xylitol 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
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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