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Dundee Precious Metals Inc TSX: DPM-T

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Dundee Precious Metals Demonstrates Strong ESG Performance and Releases 2020 Sustainability Report

GlobeNewswire - Tue May 11, 7:30AM CDT

Dundee Precious Metals Inc. (TSX:DPM.TO) ("DPM" or "the Company") is pleased to announce the publication of its 2020 Sustainability Report ("the Report"). The Report highlights DPM's unique approach and performance in key environmental, social and governance ("ESG") areas as identified through a comprehensive materiality assessment.

"ESG is fundamental to our culture and is integrated into all levels of our organization. In 2020, we defined our corporate purpose and added a new ESG-focused strategic objective, to generate a net positive impact from our operations, which places an emphasis on our ability to deliver positive value for all of our stakeholders," said David Rae, President and Chief Executive Officer of Dundee Precious Metals. "We have long understood the strategic importance of maintaining our social license to operate and have seen first-hand how excelling in this important area is a competitive advantage that can unlock additional value and lead to superior long-term returns."

"During 2020, we made progress on a number of important social and environmental initiatives," said Dr. Nikolay Hristov, Vice President, Sustainability and External Relations. "We also augmented our existing sustainability reporting framework by publishing our first climate change report following the Task Force for Climate-related Financial Disclosure ("TCFD") framework, further demonstrating our commitment in this area."

2020 Sustainability Highlights:

About the 2020 Sustainability Report

A new materiality assessment forms the basis of the Report, which follows the Global Reporting Initiative ("GRI") standards, includes DPM's first year of reporting in accordance with the Sustainability Accounting Standards Board ("SASB") industry-specific standards and describes DPM's contribution to the United Nations' Sustainable Development Goals.

Additionally, the report includes an update to the Company's inaugural climate change report prepared according to the recommendations of the TCFD framework, which was published in December 2020, as well as DPM's inaugural tax disclosures against the GRI 207 Standard. The Report has been independently assured by Bureau Veritas UK, consistent with DPM's sustainability reporting since 2012.

The 2020 Sustainability Report, as well as our inaugural TCFD climate change report, are available on our website at:

https://www.dundeeprecious.com/English/sustainability/performance-and-reporting/default.aspx

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 and Serbia. The Company's purpose is to unlock resources and generate value to thrive and growth 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).

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Source: "Greenhouse Gas Emissions in Gold Mining," Sam Ulrich, CSA Global (October 2020): https://www.csaglobal.com/wp-content/uploads/2020/10/Greenhouse-Emissions-in-Gold-Mining_Sam-Ulrich_October_2020.pdf

For further information please contact:

David Rae

Executive Vice President and Chief Operating Officer

Tel: (416) 365-5092

drae@dundeeprecious.com

Dr. Nikolay Hristov

Vice-President, Sustainability and External Relations

Tel: (416) 365-5094

nikolay.hristov@dundeeprecious.com

Jennifer Cameron

Director, Investor Relations

Tel: (416) 219-6177

jcameron@dundeeprecious.com

https://ml.globenewswire.com/media/de306e4b-381f-4d0d-ac37-132787361d24/small/dpmlogopmslrg-jpg.jpg

https://ml.globenewswire.com/media/de306e4b-381f-4d0d-ac37-132787361d24/small/dpmlogopmslrg-jpg.jpg

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