Dundee Precious Metals announces mineral resource upgrade and mineral reserve estimate for Ada Tepe gold mine and improved mine life

Footnotes:

The Mineral Resources Declaration is low and takes effect on July 31, 2020. Mineral resources for the upper area and soil fabrics are declared mineral reserves and in the design of the reserve cut. No mineral resources are reported for the wall domain. curtains because it has been changed to mineral reserves.

A technical report for the Ada Tepe mine, prepared in accordance with Regulation 43-101, will be filed under the company’s profile at SEDAR in www. sedar. com within forty-five days of this press release.

Mineral and mineral reserve estimation approach

The previous mineral resource estimate, in effect as of December 31, 2013, used a multi-indicator krigeage (“MIK”) for the top domain resource domain.

The existing estimate was made using mineralization volumes created using an unmarried Krigué (“IK”) contour, followed by estimates of the ordinary Krigué block (“OK”). This technique, which uses accumulated data extraction to align with operational content control procedures, is best suited for detailed mine manufacturing plans and reconciliation studies. The new style resulted in a stock of higher-law mineral resources for higher dominance compared to the previous estimate of mineral resources, with lower tonnage and more ounces of gold (regardless of depletion). This replacement in the resulting quality tonnage technique and dating are well supported by detailed conciliation studies that have been conducted since the start of operations.

Footnotes: 1. The 2019 figures have real operational effects for the year. The 2020 figures have real operational effects until 31 July 2020, and the rest of the year is derived from the LOM plan.

Three-year perspective

The revised LOM plan supports the company’s 2020 forecast and the three-year outlook for Ada Tepe, as defined below.

For more information on the Company’s forecast for 2020 and the three-year perspective, see the control report for the era that ended June 30, 2020, published on July 30, 2020, which can be found on the Company’s online page at www. dundeeprecious. com and is available on www. sedar. com.

Technical information

About Dundee Precious Metals Inc.

Dundee Precious Metals Inc. es a Canadian-based foreign gold mining company engaged in the acquisition of mining homes, exploration, progression, extraction and processing of valuable metals. The Company’s operating assets come from Operation Chelopech, which produces a gold and copper concentrate containing gold, copper and silver and a gold-containing pyrite concentrate, east of Sofia, Bulgaria; Operation Ada Tepe, which produces gold concentrate containing gold and silver, in southern Bulgaria; and the Tsumeb smelter, a complex copper concentrate processing plant in Namibia. DPM also holds stakes in a number of homes in exploration and gold progression in Canada, Serbia and Ecuador, adding its 9. 4% stake in Sabina Gold

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Caution related to forward-looking statements

This press release comprises “forward-looking” or “forward-looking statements” (collectively, “forward-looking statements”) that involve a number of threats and insecurities. Forward-looking statements are statements that are not old facts and that are generally, but not always, known through the use of forward-looking terms such as “plans”, “plans”, “is planned”, “budget”, “expected”, “estimates. “,” forecasts “,” clients “,” intentions “,” anticipates “,” believes “or diversifications of those words and expressions or that imply that certain actions, occasions or effects” may also “Array” “,” Could “, “can also” or “will be” taken, happen or be realized, or the negative of any of those terms or similar expressions. The forward-looking statements contained in this press release refer, among others:; the value of gold, copper, silver and acid and other commodities; my life; production projections; estimation of mineral reserves and mineral resources and realization of said mineral estimates; estimated investment prices, operating prices and other monetary parameters, adding those presented in the three-year perspective provided through the company; currency fluctuations; effects of economic studies; and good luck exploring activities. Forward-looking statements are based on certain key assumptions and reviews and estimates by qualified and controlling persons as of the date of such statements, and involve known and unknown threats, insecurities and other points that would possibly cause the actual effects, forms or achievements. of the Company are particularly different from any other long-term effect, appearance or achievement expressed or implied through the forward-looking statements. In addition to the points already discussed in this press release, those points include, but are not limited to, threats related to the corporate business in general and the effect of COVID-19, adding adjustments to the corporate source chain. ; product shortage; delivery and shipping problems; shutdowns and / or inability for the plant, equipment or processes to function as intended; Painters and Contractors are Inflamed with COVID-19; hours of lost paintings; hard work shortage; fluctuations in the value of steel and acid, toll rates and exchange rates; imaginable diversifications in ore grade and recovery rates; uncertainties inherent in the conclusions of tests and economic studies; adjustments in allocation parameters, adding schedule and budget, as plans continue to be refined; uncertainties related to the actual effects of existing exploration activities; the insecurities and threats inherent in the development and commissioning of new mines, which could possibly be subject to unforeseen delays; the insecurities inherent in doing business in foreign jurisdictions where corruption, civil unrest, political instability and insecurities with the rule of law are likely to have an effect on the Company’s business; limitation of insurance coverage; accidents, labor disputes and other threats in the mining industry; delays in obtaining government approvals or investments or in completing progression or structure activities; actual effects of existing and planned remediation activities; opposition of social and non-governmental organizations to mining cessions and merger operations; unforeseen name disputes; court cases or disputes; cyber attacks and other threats to cyber security; as well as the threat points discussed or discussed in any other document (adding, without limitation, the maximum recent annual form of transformation of the Company) presented from time to time before the securities regulators of all the provinces and territories of Canada and be had on SEDAR at www. sedar. com. The reader is cautioned that the above list is not exhaustive of all the points that could possibly have been used. Although the company has attempted to identify points on the shades that may also cause actual actions, occasions, or effects to differ materially from those described in the forward-looking statements, there may be other points that cause actions, occasions, or effects that are not expected. . estimated or intentional. There can be no guarantee that forward-looking statements will turn out to be accurate, as actual effects and long-term occasions may also differ dramatically from those expected in such statements. The Company’s forward-looking statements reflect existing expectations regarding long-term occasions and refer only to the date hereof. Unless required by securities laws, the Company assumes no legal responsibility to update forward-looking statements if cases or control estimates or revisions change. Therefore, readers are cautioned not to misuse any forward-looking statements.

 

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