Ms. Jennifer Cameron reports

DUNDEE PRECIOUS METALS DECLARES DIVIDEND

Dundee Precious Metals Inc.'s board of directors has declared a second quarter dividend of four U.S. cents per common share.

The dividend is payable on July 15, 2025, to shareholders of record as at 5 p.m. Toronto local time on June 30, 2025, and qualifies as an eligible dividend for Canadian income tax purposes.

Shareholders may elect to receive their dividend in U.S. or Canadian dollars by contacting their broker or, where applicable, Computershare Investor Services Inc., the company's registrar and transfer agent. If no election is made, residents of Canada will be paid in Canadian dollars and non-residents of Canada will be paid in U.S. dollars. Dividends to be paid in Canadian dollars will be converted to Canadian dollars using the spot exchange rate on July 8, 2025.

Dividends paid to shareholders that are non-residents of Canada are generally subject to withholding tax unless reduced in accordance with the provisions of an applicable tax treaty.

About Dundee Precious Metals Inc.

Dundee Precious Metals is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Serbia and Ecuador. The company's strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from its portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to deliver above-average returns for the company's shareholders. Dundee Precious Metals' shares are traded on the Toronto Stock Exchange.