Dundee Precious Metals' Shareholders Elect All 11 Nominees to the Board of Directors

TORONTO, ONTARIO--(Marketwired - May 7, 2014) - Dundee Precious Metals Inc. (TSX:DPM)(TSX:DPM.WT.A) (the "Company" or "DPM") held its annual and special meeting of shareholders in Toronto today. A total of 108,672,891 shares (approximately 78% of the outstanding common shares) were represented in person or by proxy.

The shareholders appointed the 11 board members (seven of whom are independent), with shares represented at the meeting voting in favour of the individual directors as follows:

Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition, exploration, development, mining and processing of precious metals. The Company's principal operating assets include the Chelopech operation, which produces a copper concentrate containing gold and silver, located east of Sofia, Bulgaria; the Kapan operation, which produces a copper concentrate and a zinc concentrate both containing gold and silver, located in southern Armenia; and the Tsumeb smelter, a concentrate processing facility located in Namibia. DPM also holds interests in a number of developing gold properties located in Bulgaria, Serbia, and northern Canada, including interests held through its 53.1% owned subsidiary, Avala Resources Ltd., its 45.5% interest in Dunav Resources Ltd. and its 12.1% interest in Sabina Gold & Silver Corp.