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Dundee Precious Metals Achieves
Another Record Year
of Gold Production in 2021

Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) announced preliminary production results from both of its mines in Bulgaria and the Tsumeb smelter in Namibia for the three and twelve months ended December 31, 2021.

“Our mining operations continued to deliver impressive performance in the fourth quarter, driven by a new record for quarterly gold production at Ada Tepe combined with strong results from Chelopech,” said David Rae, President and Chief Executive Officer.

“Overall, 2021 was another very strong year for DPM as we delivered record annual gold production for the third consecutive year and achieved the higher end of our guidance range for gold production. We also added the high-quality Loma Larga project to our portfolio and continued to deliver strong sustainability performance as demonstrated through our score in the 2021 S&P Global Corporate Sustainability Assessment, which ranked in the 91st percentile among mining and metals companies.”

For Preliminary results for the fourth quarter and full year of 2021 Click Here

The Company plans to release its fourth quarter and full-year 2021 operating and financial results, detailed guidance for 2022 and updated three-year outlook after market close on Thursday, February 17, 2022. The news release, MD&A and consolidated financial statements will be posted on SEDAR and on the Company’s website at www.dundeeprecious.com.

On Friday, February 18, 2022 at 9:00 a.m. Toronto local time, DPM will host a conference call and audio webcast to discuss the results, followed by a question-and-answer session.

Participants are encouraged to dial into the call 15 minutes before its scheduled start time or to join via the audio webcast to reduce hold time in advance of the call.

About Dundee Precious Metals Inc.

Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia, Serbia and Ecuador. The Company’s purpose is to unlock resources and generate value to thrive and grow together. This overall purpose is supported by a foundation of core values, which guides how the Company conducts its business and informs a set of complementary strategic pillars and objectives related to ESG, innovation, optimizing our existing portfolio, and growth. The Company’s resources are allocated in-line with its strategy to ensure that DPM delivers value for all of its stakeholders. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).

For more information on Dundee Precious Metals contact David Rae, President and CEO at (416) 365-5092 or Jennifer Cameron, Director, Investor Relations at (416) 219-6177. Email: jcameron@dundeeprecious.com or visit the website at www.dundeeprecious.com.

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