DCM Data Communications Management Corp

Dundee Capital Markets Inc. (TSX: DCM) (the "Company") today announced receipt of regulatory approval respecting its intention to establish a normal course issuer bid (the "Bid") through the facilities of the Toronto Stock Exchange ("TSX") from June 8, 2011 to June 7, 2012. The Company may purchase up to a maximum of 7,760,396 of its common shares ("Common Shares"), representing approximately 5% of the Common Shares issued and outstanding as of June 1, 2011. As of June 1, 2011, there were 155,207,926 Common Shares issued and outstanding. The Company may purchase up to 134,514 Common Shares during any trading day, which represents 25% of its average daily trading volume, being 538,059 Common Shares for the period of January 31, 2011 (the date on which the Common Shares were listed on the TSX) through May 31, 2011, other than pursuant to a block purchase exception. The purchases will be made in accordance with the policies and rules of the TSX. The price paid for any Common Shares acquired will be the market price at the time of purchase and all Common Shares purchased under the Bid will be cancelled.

Purchases will be made when the Company believes that the market price of the Common Shares represents a good investment for the Company.

Dundee Capital Markets Inc. is a publicly traded full-service Canadian investment dealer with offices in Toronto, Montreal, Vancouver and Calgary and whose principal businesses include investment banking, mergers and acquisitions, institutional sales and trading, investment, research, private client financial advisory and management of investment products. Dundee Capital Markets Inc. focuses on specific sectors, namely, Resources, Real Estate, Infrastructure, and Special Situations. Dundee Capital Markets Inc. is the manager of the CMP™ and Canada Dominion Resources flow-through limited partnerships and CMP Gold Trust. The common shares of the Company trade on the Toronto Stock Exchange under the stock symbol "DCM".

Contacts: Dundee Capital Markets Inc. Joanne Ferstman President and Chief Executive Officer (416) 365-5010 Dundee Capital Markets Inc. Robert Sellars Chief Financial Officer (416) 350-3475