DPM Dundee Precious Metals Inc

Dundee Precious Metals Inc. (TSX:DPM)(TSX:DPM.WT)(TSX:DPM.WT.A) (the "Company"
or "DPM") received yesterday a letter from the Bulgarian Deputy Minister of
Environment and Waters requesting DPM to prepare a Compatibility Assessment
Report (the "Report") for the Krumovgrad Gold Project (the "Project").  This
Report will assess the compatibility of the Project within the scope and purpose
of Natura 2000, the European network of protected sites, and is a prerequisite
for the issuance of a decision on the Environmental Impact Assessment ("EIA")
report of the Project. As the compatibility assessment and the EIA procedures
are aligned, the Ministry of Environment and Waters ("MoEW") should issue a
single final resolution on both matters.


"This letter officially restarts the Krumovgrad EIA process which has been
stalled for three years.  While there remains considerable work to be completed
and we need to form a dialogue with the local community, this is a very positive
step which allows us to move forward with this exciting project." said Jonathan
Goodman President and CEO of DPM.


The letter was issued in response to a notification that the Company filed with
the MoEW in September 2008 in compliance with the Bulgarian legislation related
to Natura 2000 and indicates that their request was issued in view of the
instructions for completion of the EIA procedure, provided for in the Resolution
of the Supreme Administrative Court of June 13, 2007. The letter also states
that following the submission of the requested documents, both the EIA and the
Report shall be submitted for consideration by the Supreme Expert Environmental
Council at the MOEW to render a decision under Article 99, Paragraph 2 of the
Environmental Protection Act.


Dundee Precious Metals Inc. is a Canadian based, international mining company
engaged in the acquisition, exploration, development and mining of precious
metals.  It owns the Chelopech Mine, a producing gold/copper mine, and the
Krumovgrad Gold Project, a mining development project, both located in Bulgaria,
and is engaged in mineral exploration activities in Serbia.  In addition, DPM
owns the Back River gold exploration project in Nunavut, Canada and a 95%
interest in the Kapan Mine in Armenia. 


FORWARD LOOKING STATEMENTS

This news release may contain certain information that constitutes
forward-looking statements.  Forward-looking statements are frequently
characterized by words such as "plan," "expect," "project," "intend," "believe,"
"anticipate" and other similar words, or statements that certain events or
conditions "may" or "will" occur.  Forward-looking statements are based on the
opinions and estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those projected in the
forward-looking statements.  These factors include the inherent risks involved
in the exploration and development of mineral properties, the uncertainties
involved in interpreting drilling results and other geological data, fluctuating
metal prices and other factors described above and in the Company's most recent
annual information form under the heading "Risk Factors" which has been filed
electronically by means of the Canadian Securities Administrators' website
located at www.sedar.com.  The Company disclaims any obligation to update or
revise any forward-looking statements if circumstances or management's estimates
or opinions should change.  The reader is cautioned not to place undue reliance
on forward-looking statements.

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