Dundee Corporation Acquires Further Interest in Longreach Oil and Gas Limited

In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A)
("Dundee") announces that it has acquired 2,820 units ("Units") of Longreach Oil
and Gas Limited ("Longreach") for $2,820,000. Each Unit, priced at $1,000 each,
consists of one 10% secured convertible debenture ("Debenture") of Longreach in
the principal amount of $1,000 and 1,000 ordinary share purchase warrants
("Warrants"). Each Warrant entitles Dundee to acquire one ordinary share of
Longreach ("Shares") at a price of $0.30 for a term of two years following
closing.


Following the first anniversary of the date of closing, Dundee may convert
outstanding principal under the Debentures into Shares at a conversion price
equal to the greater of: (a) $0.30; and (b) the current market price of the
Shares at the time of conversion (based on a 20 day volume weighted average
trading price), and subject to certain restrictions described in the Debentures
and summarized in a news release issued by Longreach on April 10, 2014.


Dundee owns 12,291,146 Shares representing 15.15% of the issued Shares. Assuming
Dundee fully converted the principal of the Debentures at the minimum conversion
price of $0.30 and fully exercised its Warrants, Dundee would hold 24,511,146
Shares representing approximately 26.25% of the issued Shares on a partially
diluted basis.


Dundee's interest in Longreach may be increased or decreased in the future in
light of investment criteria, market conditions and other factors in accordance
with the provisions of applicable securities legislation.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Corporation
Ned Goodman
President and Chief Executive Officer
[phone]


Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
[phone]