NOTICE
DPM 2009 Year End Financial Results

Toronto, February 3, 2010 - Dundee Precious Metals Inc. (TSX: DPM; DPM.WT; DPM.WT.A) (the “Company” or “DPM”) will be holding an analyst conference call to discuss its 2009 Year End Financial Results on Thursday, February 18, 2010 at 8:30 a.m. (E.S.T). The call will be hosted by Jonathan Goodman, President and Chief Executive Officer, who will be joined by Stephanie Anderson, Executive Vice President and Chief Financial Officer.

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.

Via Webcast:

The call will be webcast live (audio only) at:

http://events.digitalmedia.telus.com/dundee/021810/index.php

Replay Archive:

Please call 416-695-5800 or North America Toll Free 1-800-408-3053, passcode 1470470.

The conference call will be replayed from Thursday, February 18, 2010 to Thursday, March 4, 2010 at 11:59 PM (E.S.T.) and the webcast will be archived on the Company’s website at www.dundeeprecious.com.

About Dundee Precious Metals

Dundee Precious Metals Inc. is a Canadian based, international mining company engaged in the acquisition, exploration, development and mining of precious metals. DPM owns the Chelopech Mine, a producing gold/copper mine, and the Krumovgrad Gold Project, a mining development project, both located in Bulgaria, as well as a 95% interest in the Kapan Mine in Armenia. In addition, it is engaged in mineral exploration activities in Serbia.

For further information please contact:

DUNDEE PRECIOUS METALS INC.
Lori Beak
Vice President, Investor Relations
and Corporate Secretary
Tel: (416) 365-5165
lbeak@dundeeprecious.com