DPM Dundee Precious Metals Inc

Dundee Precious Metals Inc. (TSX:DPM)(TSX:DPM.WT.A) ("DPM" or the "Company")
announces that its board of directors (the "Board") has approved amendments to
the Company's by-laws to increase the quorum requirement for shareholder
meetings and include an advance notice provision (the "Provision") which
requires advance notice to the Company in circumstances where nominations of
persons for election to the Board are made by shareholders of the Company other
than pursuant to: (i) the requisition of a meeting, or (ii) a shareholder
proposal, both made pursuant to the provisions of the Canada Business
Corporations Act (the "Act").


In line with good governance practices, the Board has amended the Company's
by-laws so that the quorum for each shareholder meeting shall be at least two
shareholders, each of whom is entitled to vote at such meeting, holding or
representing not less than 25% of the total number of shares carrying the right
to vote at such meeting. 


With respect to the Provision, among other things, it fixes a deadline by which
holders of record of common shares of the Company must submit director
nominations to the Company prior to any annual or special meeting of
shareholders and sets forth the information that a shareholder must include in
the notice to the Company. 


In the case of an annual meeting of shareholders, notice to the Company must be
provided not less than 30 days nor more than 65 days prior to the date of the
annual meeting; provided, however, that in the event that the annual meeting is
called, for a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to the Company must be provided no later than the close of
business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made.


The Company believes that adopting the Provision is considered to be good
corporate governance. The Provision provides a clear process for shareholders to
follow for director nominations and sets out a reasonable time frame for nominee
submissions and the provision of accompanying information. The purpose of the
Provision is to treat all shareholders fairly by ensuring that all shareholders
receive adequate notice of the nominations to be considered at a meeting and can
thereby exercise their voting rights in an informed manner. In addition, the
Provision should assist in facilitating an orderly and efficient meeting
process.


The amended by-laws are now effective. In accordance with the Act, the
amendments to the Company's by-laws are subject to confirmation by shareholders
at its next annual meeting of shareholders currently scheduled for May 7, 2014. 


A copy of the by-laws will be available under the Company's profile on SEDAR at
www.sedar.com.


DPM is a Canadian based, international gold mining company engaged in the
acquisition, exploration, development, mining and processing of precious metals.
The Company's principal operating assets include the Chelopech operation, which
produces a copper concentrate containing gold and silver, located east of Sofia,
Bulgaria; the Kapan operation, which produces a copper concentrate and a zinc
concentrate both containing gold and silver, located in southern Armenia; and
the Tsumeb smelter, a concentrate processing facility located in Namibia. DPM
also holds interests in a number of developing gold properties located in
Bulgaria, Serbia, and northern Canada, including interests held through its
53.1% owned subsidiary, Avala Resources Ltd., its 45.5% interest in Dunav
Resources Ltd. and its 12.1% interest in Sabina Gold & Silver Corp.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Precious Metals Inc.
Lori Beak
Senior Vice President, Investor & Regulatory
Affairs and Corporate Secretary
(416) 365-5165
lbeak@dundeeprecious.com

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