Dundarave Resources Inc.: TSX Venture Exchange Issues Final Approval of ExtrEL Technology Licence Agreement

Dundarave Resources Inc. (TSX VENTURE:DDX) ("Dundarave") is pleased to announce
that TSX Venture Exchange has accepted for filing the documentation in
connection with the patent and technology license agreement between Dundarave
and ENPAR Technologies Inc. dated October 3, 2007.


Dundarave earlier reported that the shareholders of Dundarave have approved the
ExtrEL Technology License agreement between Dundarave and ENPAR Technologies at
the Extraordinary General Shareholders Meeting of Dundarave Resources held on
February 1, 2008. It was a requirement for a final approval of the transaction
by the TSX Venture Exchange.


In connection with the transaction, Dundarave will issue a finder's fee of
400,000 common shares to C3 Capital Corp. of Alberta.


Forward Looking Statement

This press release contains "forward-looking information" that is based on the
Company's current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, statements with
respect to the Company's plans, outlook and business strategy. The words "may",
"would", "could", "should", "will", "likely", "expect", "anticipate", "intend",
"estimate", "plan", "forecast", "project" and "believe" or other similar words
and phrases are intended to identify forward-looking information.


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the Company's actual results, level of
activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Such factors include,
but are not limited to: uncertainties related to the success of the ExtrEL
leaching system technology; changes in economic conditions or financial markets;
changes in prices for the optimization and design program or the test pilot
plant; patent and other forms of litigation; legislative, environmental and
other judicial, regulatory, political and competitive developments;
technological or operational difficulties or an inability to obtain suitable
tailings or permits required in connection with extraction and related
activities; and labour relations matters.


This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking information. The Company
disclaims any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events or otherwise.


ON BEHALF OF THE BOARD

Paul Matysek, M.Sc., P. Geo., President & CEO