Dundee Precious Metals Increases Revolving Credit Facility by $125 Million to $275 Million

Dundee Precious Metals Inc. (TSX:DPM) (TSX:DPM.WT.A) ("DPM" or "the Company")
has added $125 million of credit capacity to its existing long-term committed
revolving credit facility (the "Revolving Facility"), increasing the total size
of the Revolving Facility to $275 million. This increase was supported by all of
the Company's existing lenders, being BNP Paribas, Canadian Imperial Bank of
Commerce, European Bank for Reconstruction and Development, Raiffeisen Bank
International AG Group, Royal Bank of Canada, and Unicredit Bank AG, as well as
Export Development Canada, a new lender to the Company.


"This expanded credit facility provides us with access to a cost effective and
flexible source of funding that maintains our financial strength and supports
the continued development of our business," said Rick Howes, DPM's President and
CEO. "We are pleased with the support we received from our banking partners and
are well positioned to fund our anticipated near-term discretionary growth
projects."


The expanded Revolving Facility is comprised of two evergreen tranches of $150
million (previously $125 million) and $45 million (previously $25 million) that
mature in February 2017 and 2019, respectively, and a new tranche of $80 million
that matures in June 2019, with quarterly reductions of $4 million beginning in
the third year. The Revolving Facility is supported by guarantees from, and by
pledges of the Company's investments in its wholly-owned operating subsidiaries.
Interest is based on LIBOR plus a spread, which varies between 2.75% and 5.50%,
depending upon the tranche and Company's debt leverage ratio (funded net debt to
EBITDA), as defined in the Revolving Facility agreement.


Dundee Precious Metals Inc. 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.


Cautionary Note Regarding Forward Looking Statements 

This press release contains "forward looking statements" that involve a number
of risks and uncertainties. Forward looking statements include, but are not
limited to, statements with respect to the future price of gold, copper, zinc
and silver, the estimation of mineral reserves and resources, the realization of
such mineral estimates, the timing and amount of estimated future production and
output, costs of production, capital expenditures, costs and timing of the
development of new deposits, success of exploration activities, permitting time
lines, currency fluctuations, requirements for additional capital, government
regulation of mining operations, environmental risks, reclamation expenses, the
potential or anticipated outcome of title disputes or claims and timing and
possible outcome of pending litigation. Often, but not always, forward looking
statements can be identified by the use of words such as "plans", "expects", or
"does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or "believes",
or variations of such words and phrases or that state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or
be achieved. Forward looking statements are based on the opinions and estimates
of management as of the date such statements are made and they involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different
from any other future results, performance or achievements expressed or implied
by the forward looking statements. Such factors include, among others: the
actual results of current exploration activities; actual results of current
reclamation activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of gold, copper, zinc
and silver; possible variations in ore grade or recovery rates; failure of
plant, equipment or processes to operate as anticipated;

accidents, labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion of
development or construction activities, uncertainties inherent with conducting
business in foreign jurisdictions where corruption, civil unrest, political
instability and uncertainties with the rule of law may impact the Company's
activities; fluctuations in metal prices; unanticipated title disputes; claims
or litigation; limitation on insurance coverage; as well as those risk factors
discussed or referred to in the Company's MD&A under the heading "Risks and
Uncertainties" and under the heading "Cautionary Note Regarding Forward Looking
Statements" which include further details on material assumptions used to
develop such forward looking statements and material risk factors that could
cause actual results to differ materially from forward looking statements, and
other documents (including without limitation the Company's 2013 AIF) filed from
time to time with the securities regulatory authorities in all provinces and
territories of Canada and available on SEDAR at www.sedar.com. There can be no
assurance that forward looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such
statements. Unless required by securities laws, the Company undertakes no
obligation to update forward looking statements if circumstances or management's
estimates or opinions should change. Accordingly, readers are cautioned not to
place undue reliance on forward looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Precious Metals Inc.
Rick Howes
President and Chief Executive Officer
[phone]
[e-mail]


Dundee Precious Metals Inc.
Lori Beak
Senior Vice President, Investor & Regulatory Affairs and Cor
[phone]
[e-mail]