TORONTO, ONTARIO--(Marketwired - May 9, 2013) - 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 105,317,751 shares (approximately 83.80% of the outstanding common shares) were represented in person or by proxy.

The shareholders appointed the 13 board members (nine of whom are independent), with shares represented at the meeting voting in favour of the individual directors as follows:

Derek H.L. Buntain 99.69%
R. Peter Gillin 99.92%
Jonathan Goodman 99.70%
Richard Howes 99.92%
Murray John 92.75%
Jeremy Kinsman 99.92%
Garth A.C. MacRae 86.34%
Peter Nixon 99.82%
Ronald Singer 99.91%
Eira Thomas 84.05%
Anthony P. Walsh 86.29%
William G. Wilson 99.91%
Donald Young 99.92%

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 gold, copper and silver concentrate, located east of Sofia, Bulgaria; the Kapan operation, which produces gold, copper, zinc and silver concentrate, 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 10.7% interest in Sabina Gold & Silver Corp.

Contact Information:

Dundee Precious Metals Inc.
Lori Beak
Senior Vice President, Investor &
Regulatory Affairs and Corporate Secretary
(416) 365-5165