NOTICE: DPM Third Quarter 2011 Results

TORONTO, ONTARIO -- (Marketwire) -- 10/14/11 -- Dundee Precious Metals Inc. (TSX: DPM)(TSX: DPM.WT)(TSX: DPM.WT.A)(the 'Company' or 'DPM') will be holding an analyst call to present its Third Quarter 2011 Financial Results on Thursday, November 3, 2011 at 9:00 am (EST). The call will be hosted by Jonathan Goodman, President and CEO, who will be joined by Hume Kyle, Executive Vice President and Chief Financial Officer. The call will be accessible via a live webcast and by telephone.

Live webcast (audio only) at: http://www.gowebcasting.com/2882.

Listen only telephone option at 416-340-2218 or North America Toll Free at 1-866-226-1793. Replay available at 905-694-9451 or North America Toll Free at 1-800-408-3053, passcode 3547687.

The corresponding press release and financial statements will be issued prior to the call and posted on the Company's website at www.dundeeprecious.com.

Dundee Precious Metals Inc. is a well-financed, 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 51.4% owned subsidiary, Avala Resources Ltd., its 47.5% interest in Dunav Resources Ltd. and its 11.6% interest in Sabina Gold & Silver Corp.

Contacts:

Dundee Precious Metals Inc.

Jonathan Goodman

President and Chief Executive Officer

(416) 365-2408
jgoodman@dundeeprecious.com


Dundee Precious Metals Inc.

Lori Beak, Senior Vice President,

Investor & Regulatory Affairs and Corporate Secretary

(416) 365-5165
lbeak@dundeeprecious.com
www.dundeeprecious.com