DC.A Dundee Corporation

Dundee Corporation (TSX:DC.A) is pleased to announce that its 86% controlled
subsidiary, Dundee Sustainable Technologies Inc. (the "Company" or "DSTI")
listed on the CSE (CSE:DST) and the developer and owner of proprietary
technologies to serve the natural resource sector with environmentally friendly
procedures, is pleased to provide further information on its progress to date.


The Company has arranged a contract to process a High Grade Concentrate.

After significant testing of both ore and concentrate received in November 2013
from a privately held gold mining company, DSTI has entered into an arrangement
to process their materials once the demonstration plant becomes operational in
mid-January 2015. Pursuant to this arrangement DSTI may, at its option, process
up to 15 tonnes of their produced concentrate per day, provided such concentrate
contains a minimum of 10 ounces of gold per tonne. As a result, up to 4,500
tonnes of concentrate (current values of +$15,000 per tonne) may be processed by
DSTI, over a 12 month period, to begin after the demonstration phase of the DSTI
plant in Quebec is completed.


To date, DSTI has obtained 25 patents in 19 countries for its technologies
relating to the extraction of precious metals and base metals, as well as the
neutralization of arsenic and production of fertilizer. DSTI has 14 pending
patent applications worldwide for its technologies, which include the ability to
process gold concentrates without the use of cyanide. 


The samples of concentrate and ore furnished to DSTI for testing in November
2013 were composed of gold, silver, copper, lead and zinc.


Initial testing on the concentrate achieved gold recoveries in excess of 97%,
despite the presence of substantial base metals in the concentrate. For the
successful processing, DSTI will receive a 50% interest in the net profits
arising from the sales of the end products, net of mining, concentration,
processing and transportation costs and expenses. 


ABOUT DUNDEE SUSTAINABLE TECHNOLOGIES INC.

The cyanide and mercury free gold extraction process developed by DSTI has been
recognized as a "green technology" for which DSTI has been awarded $5,700,000 in
grants to date for a demonstration plant, presently under construction in
Thetford Mines Quebec of which $700,000 has been provided by the Government of
Quebec, and $5,000,000 by the Government of Canada through the Sustainable
Development Technology Fund. The plant is scheduled to go into operation in
mid-January 2015.


Over the last ten years DSTI has tested over 50 different gold deposits, both
oxide and sulfide ores at the lab level and at its pilot plant. These tests have
consistently achieved gold recoveries in excess of 90%, using chlorination
instead of cyanide. In addition, the tailings from the process are inert from
toxic substances and, as a result, meet environmental norms. An engineering
study completed within the last 12 months supports DSTI's claim of having
operated a pilot plant showing a gold extraction yield higher than 90% using a
closed-circuit chlorination process.


ABOUT DUNDEE CORPORATION

Dundee Corporation is a public Canadian independent holding company listed on
the Toronto Stock Exchange ("TSX") under the symbol "DC.A." Through its
operating subsidiaries, Dundee Corporation is engaged in diverse business
activities in the areas of its core competencies including investment advisory
and corporate finance, energy, resources, agriculture, real estate and
infrastructure. Dundee Corporation also holds, directly and indirectly, a
portfolio of investments mostly in these core focus areas, as well as other
select investments in both publicly listed and private companies.


FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements that address future events and conditions, which are subject to
various risks and uncertainties. Actual results could differ materially from
those anticipated in such forward- looking statements as a result of numerous
factors, some of which may be beyond the Corporation's control. These factors
include: results of exploration activities, general market and industry
conditions, and other risks disclosed in the Corporation's filings with Canadian
Securities Regulators.


Forward-looking statements are based on the expectations and opinions of the
Corporation's management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Corporation expressly
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise,
except as required by applicable law. Depending on exploration results and
available financing, the Corporation may at any point modify its work program.


FOR FURTHER INFORMATION PLEASE CONTACT: 
DUNDEE CORPORATION:
Ned Goodman
President and Chief Executive Officer
(416) 365-5665


Lucie Presot
Vice President and
Chief Financial Officer
(416) 365-5157

Dundee (TSX:DC.A)
Historical Stock Chart
Von Apr 2024 bis Mai 2024

Dundee (TSX:DC.A)
Historical Stock Chart
Von Mai 2023 bis Mai 2024