DPM Dundee Precious Metals Inc

Dundee Precious Metals Inc. (TSX:DPM)(TSX:DPM.WT)(TSX:DPM.WT.A) ("DPM" or the
"Company") is pleased to announce the recommencement of operations at its
gold-silver-copper-zinc facility in Kapan, Armenia.


In response to the very positive regulatory and operational advances made by
Deno Gold Mining Company CJSC in the period leading up to and the five month
period (ended March 2009) during which it was on temporary care and maintenance,
DPM has elected to restart operations at its Armenian facilities.


"The strength of leadership and depth of experience at Deno Gold have been
evident over the last five months and were a contributing factor in the decision
to restart operations", said Jonathan Goodman, President and CEO.


Advances made by Deno Gold include (i) the finalization of its agreement with
the Armenian government on the extension of its Shahumyan mine license and other
critical aspects of its License Agreement, (ii) increased mine productivity and
associated economies of scale related to improved mining methodology, (iii)
higher ore grades alongside improved dilution control, (iv) improved metal
recovery rates, and (v) lower unit operating costs (in part, due to the
devaluation of the Armenian Dram).


Mining operations will recommence on April 1, 2009 at an annualized rate of
360,000 tonnes of ore, with the balance of the facilities to follow shortly
thereafter. At current metal prices, Deno Gold is still expected to incur a
financial loss on its operations however, the benefits of a restart, including
the minimization of losses, significantly outweigh the costs of maintaining the
operation on temporary care and maintenance.


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.


Dundee Precious Metals Inc. is a Canadian based, international mining company
engaged in the acquisition, exploration, development and mining of precious
metals. DPM 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, Dundee
Precious owns the Back River gold exploration project in Nunavut, Canada and a
95% interest in the Kapan Mine in Armenia.

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