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Press release from Marketwire

Dundee Energy Limited Announces Changes to the Board of Directors

Monday, April 30, 2012

Dundee Energy Limited Announces Changes to the Board of Directors20:35 EDT Monday, April 30, 2012TORONTO, ONTARIO--(Marketwire - April 30, 2012) - Dundee Energy Limited (TSX:DEN) (the "Corporation") is pleased to announce the appointment of Mr. Mark Goodman as a director of the Corporation to fill the vacancy created by the resignation of Mr. Jonathan Goodman.FOR FURTHER INFORMATION PLEASE CONTACT: c/o Dundee CorporationDundee Energy Limited21st Floor, Dundee Place1 Adelaide Street EastToronto, ON M5C 2V9ORJaffar KhanDundee Energy LimitedPresident & CEO(403) 264-4985(403) 262-8299 (FAX)www.dundee-energy.com