Dundee Mines Ltd. Closes $1.95 Million Non-Brokered Private Placements

Dundee Mines Ltd. (TSX VENTURE:DUN) reported today that the Company has now
closed the previously reported (Feb.27/08) non-brokered Unit Offering and
Flow-Through Offering for gross proceeds of $1,950,550.


The Unit Offering consisted of 2,835,000 units at a price of $0.30 per unit,
with each unit comprised of one common share and one-half non-transferable share
purchase warrant. Each full warrant is exercisable for a period of 18 months to
purchase one additional common share at a price of $0.35 per share.


The Flow-Through Offering consisted of 3,143,000 flow-through units at a price
of $0.35 per unit, with each unit comprised of one flow-through common share and
one-half non-transferable non flow-through share purchase warrant. Each full
warrant is exercisable for a period of 18 months to purchase one non
flow-through common share at an exercise price of $0.50 per share.


All the common shares issued pursuant to the Unit Offering and the Flow-Through
Offering, including share purchase warrants and warrants issued as finders fees,
carry a legend restricting the securities from trading for a period of four
months up to July 29th, 2008.


On behalf of the Board of Directors

Lawrence Page, President, Dundee Mines Ltd.

This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. Dundee Mines Ltd. relies upon litigation protection for forward
looking statements.