TORONTO, ONTARIO--(Marketwired - Aug. 1, 2013) - In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A) ("Dundee") announces that it has acquired in a private placement, 12,045,455 flow-through shares ("FT Shares") of Cantex Mine Development Corporation ("Cantex") at a price of $0.11 per FT Share. When aggregated with existing positions held in managed accounts, Dundee now owns or controls 13,378,787 common shares and 266,666 warrants in the capital of Cantex representing an approximate 19.55% interest on an undiluted basis and 19.86% assuming the conversion of all warrants.

The position in Cantex was acquired for investment purposes and may be increased or decreased in the future as considered appropriate in light of investment criteria, market conditions and other factors and in accordance with the provisions of applicable securities legislation.

ABOUT DUNDEE CORPORATION

Dundee Corporation is a Canadian holding company listed on the TSX under the symbol "DC.A". Through its operating subsidiaries, including Goodman & Company, Investment Counsel Inc., Dundee is engaged in diverse business activities in the areas of its core competencies, including investment advisory, corporate finance and private equity investment in real estate and infrastructure, energy, resources and agriculture. Dundee holds, directly and indirectly, a portfolio of investments mostly in these core areas, as well as other select investments in both publicly listed and private companies.