Gemcom Software International Inc.

Gemcom Software International Inc.

April 11, 2011 13:31 ET

Dundee Precious Metals' Chelopech Mine Deploying Gemcom InSite as its Mine Production Management Solution

InSite Solution to Play Key Role in Helping Underground Mine Expand Production by Increasing Operational Efficiencies, Improving Process Control

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 11, 2011) - Gemcom Software International Inc., the largest global supplier of mining software solutions, today announced that Dundee Precious Metals' Chelopech mine has selected Gemcom InSite™ as its mine production management solution for its mining and processing operation. Dundee Precious Metals Inc. (TSX:DPM) is a Canadian-based international mining company engaged in the acquisition, exploration, development, mining and processing of precious metals properties.

Chelopech is an underground gold, silver, and copper mining and processing operation located in Bulgaria. It is deploying InSite to support its initiative of doubling its yearly production of ore. InSite will be used as an integrated production management solution for shift reporting and analysis. It will also act as the central monitoring and control system for the mine and provide metals balancing and accounting for the site and its smelter.

"We selected InSite as our mine production management solution because of Gemcom's partnership approach to understanding our goals and objectives as we seek to expand production," said Rick Howes, executive vice president and chief operating officer, Dundee Precious Metals Inc. "InSite provides the tools that will help us improve efficiencies across the operation, including metal balance from the block model through to final product. This will create synergies between the mine and the mill, resulting in productivity gains such as improved equipment utilisation and greater throughput."

"Chelopech joins sites around the world that are turning to Gemcom InSite for the capabilities they need to improve the performance of their mines and processing facilities to meet their business objectives," said Allen Vaughn, executive vice president of Gemcom's enterprise business unit. "The partnership approach we take with our customers and the award-winning InSite's software with its breadth of capabilities allows us to tailor solutions that answer the unique needs of different companies and mining operations."

The InSite deployment at Chelopech will also be integrated with technology developed in collaboration between Gemcom and Sandvik which provides a system and interface for monitoring underground mobile equipment. This will enable Chelopech to track their production, equipment, and personnel metrics in a simple and effective manner and provide them with hard data to inform business decisions for things like capital equipment expenditures.

InSite gives mining operations the tools and real-time data needed to improve production management from the mine to final product. With InSite, mining operations are able to link production data, costs, and planned versus actual production. The result is greater efficiency, lower costs, and the ability to continuously improve performance of all processes, activities, and equipment.

For more information about InSite, visit www.gemcomsoftware.com/insite.

About Gemcom
When mining companies seek to increase mine productivity, they turn to Gemcom for technology and services. The Company is home to world-renowned mining solutions like GEMS, Surpac, Minex, Whittle, and InSite and to industry thought leaders who are pushing the boundaries of what's possible in mining. Established in 1985, Gemcom has a global reach delivering comprehensive solutions in all major mining centres in more than 130 countries. Every major mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is a Gemcom client. Through a combination of organic growth and strategic acquisitions, the Company has become the largest global supplier of mining software solutions. For more information, visit www.gemcomsoftware.com.

Gemcom, the Gemcom logo and combinations thereof, and Gemcom InSite are trademarks of Gemcom Software International Inc.

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