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Dundee Precious Metals Inc.

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Summary

Project:

Krumovgrad

Deposit:Ada Tepe
Location:Bulgaria
Commodities:Gold-Silver
Date:11/7/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:7-11-2017: Dundee Precious Metals Inc. announces a Resource Estimation report for its Ada Tepe deposit at the Krumovgrad project. Amended mineral resource estimation full technical report. At the request of Dundee Precious Metals Krumovgrad (“DPMKr”), a 1
Resources:(Reserve, P+P): 6.2Mt @ 4.04g/t Au, 2.22g/t Ag.
CP/QP:[Resources]: Galen White (CSA Global Pty Ltd.)
ABSTRACT:At the request of Dundee Precious Metals Krumovgrad (“DPMKr”), a 100% owned subsidiary of Dundee Precious Metals Inc. (“DPM”) CSA Global (UK) Ltd (“CSA”) was requested to compile a Technical Report on the Krumovgrad Gold Project, the material asset being the Ada Tepe Deposit located in south-eastern Bulgaria. This report is to comply with disclosure and reporting requirements set forth in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), Companion Policy 43-101CP, and Form 43-101F1. This Technical Report discloses material changes to some components of the Definative Feasibility Study (“DFS”) and is an update to an earlier Technical Report dated January 11 2012, which summarised the DFS completed in November 2011. This updated report pertains to the main deposit that comprises the Krumovgrad Project, namely the Ada Tepe deposit. This report is an updated (revised) Technical Report which, at the request of the Ontario Securities Commission (“OSC”) contains additional disclosure in the following areas; 1. In accordance with NI 43-101 S 2.2 (b), a statement that disclosure of Mineral Resources are inclusive of Mineral Reserves (see Section 14). 2. In accordance with Item 22 (b) of Form 43-101F1, inclusion of annual cash flow forecasts as at the effective date of this report (see Section 22).

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