DUN

Dundee Mines Ltd. (TSX VENTURE:DUN) reported today that the company has filed
with the TSX Venture Exchange documentation related to two previously announced
(Feb.27/08) non-brokered private placements with gross proceeds of $1,953,550.


The company said it has received subscriptions for 3,143,000 flow-through units
at a price of $0.35 per unit (one flow-through common share and one-half non
flow-through share purchase warrant, with each full warrant exercisable for a
period of 18 months to purchase one additional non flow-through common share at
an exercise price of C$0.50 per common share); and, subscriptions for 2,845,000
units at a price of $0.30 per unit comprising one non-flow through common share
and one-half share purchase warrant with one full warrant exercisable to
purchase one common share for a period of 18 months at a price of $0.35 per
share.


The proceeds from the private placements will be for working capital and the
advancement of the company's projects in SE British Columbia. The private
placements and finder's fees that may be payable are subject to regulatory
approval.


Corporate Update

The company also reported that it has appointed Jeannine PM Webb, CGA as Chief
Financial Officer ("CFO") of the company effective February 1, 2008. Mrs. Webb
has 20 years of experience in the mining resource sector. She was a principal of
Badger & Co. Management Corp. ("Badger & Co."), a private company providing full
range financial, corporate and geological management services to junior public
mineral exploration companies operating nationally and internationally. During
this time, Mrs. Webb served as CFO and Corporate Secretary for companies under
management with Badger & Co. She currently serves as CFO for a number of Manex
Resource Group companies, in addition to serving as Corporate Secretary to
Pacific Ridge Exploration Ltd. The company has granted Mrs. Webb 50,000
incentive stock options exercisable at $0.32 per share for a period of five
years in accordance with the company's stock option plan.


The company also reported that Scott B. Hean has been appointed VP
Administration, effective February 1, 2008. Mr. Hean has held senior management
and executive positions with J.P. Morgan of New York, primarily financing junior
oil and gas companies and Bank of Montreal as Senior Vice President and Managing
Director responsible for financing in the natural resources sectors in North
America. Currently he is a Director and Chair of the Audit Committee, Sabina
Silver Corporation (SBB on TSX-V) and Chair, Bill Reid Foundation Services Ltd.
He has served on numerous not-for-profit Boards, including Outward Bound and
B.C. Children's Hospital. Graduating from Simon Fraser University in 1973 and
from the Ivey School of Business, London, Ontario, in 1975, Mr. Hean recently
graduated from the Institute of Corporate Directors, Directors Education
Program.


On behalf of the Board of Directors

Lawrence Page, President, Dundee Mines Ltd.

This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. Dundee Mines Ltd. relies upon litigation protection for forward
looking statements.

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