Dundee Energy Limited Announces Changes to the Board of Directors


TORONTO, 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.

Contact Information:

Dundee Energy Limited
c/o Dundee Corporation
21st Floor, Dundee Place
1 Adelaide Street East
Toronto, ON M5C 2V9

Dundee Energy Limited
Jaffar Khan
President & CEO
(403) 264-4985
(403) 262-8299 (FAX)
www.dundee-energy.com