An anonymous director reports

DUNDEE CORPORATION ANNOUNCES COMMENCEMENT OF AIRBORNE GEOPHYSICAL SURVEYS AT WESTHAVEN'S SHOVELNOSE GOLD AND SILVER PROJECT, SOUTHERN BRITISH COLUMBIA

Precision GeoSurveys Inc., based in Langley, B.C., has commenced helicopter-borne high-resolution magnetic, radiometric and very low frequency/electromagnetic surveys at Westhaven's Shovelnose gold and silver property located in the Spences Bridge gold belt, Southern British Columbia, and for which property Dundee Corp. has an earn-in interest.

On Feb. 23, 2026, the corporation completed a strategic earn-in agreement with Westhaven, whereby Dundee may earn an up-to-60-per-cent interest in Westhaven's four Spences Bridge gold belt properties through up to $85-million in staged project expenditures. Under the first phase, Dundee has committed a minimum of $30-million, inclusive of a fully financed 50,000-metre drill program at Shovelnose, which is financing the activities outlined in this news release and is expected to continue through the rest of 2026.

The airborne geophysical surveys are part of an integrated 2026 exploration program at Shovelnose and will collect approximately 3,800 line kilometres of data over mineral claims that were acquired by Westhaven in 2024. The core of the Shovelnose property, including the South zone, FMN and Franz gold deposits, was previously flown by Precision in 2018, using magnetic/radiometric technology and specifications equivalent to the current survey. Data from the original survey work have been instrumental in understanding the geology, interpreting structures and assisting in exploration targeting. The new survey data will be integrated with the earlier survey information, as well as results from property-wide geochemical sampling programs completed over the past three years, which suggest potential for additional occurrences of low-sulphidation epithermal systems within the expanded project area, including silicified and clay altered volcanic rocks located approximately 15 kilometres southeast of the South zone, where float, subcrop and outcrop rock grab samples collected in 2025 returned positive results.

Data collection is expected to be completed by the end of May, with final data processing and reporting to follow by midsummer, in time to help guide exploration drilling later this year.

About Dundee Corp.

Dundee is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol DC.A. The corporation is primarily engaged in acquiring mineral resource assets. The corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Its team conducts due diligence to assess the geological, technical, environmental and financial merits and risks of each project, and looks to deploy capital where it can either seek to generate investment returns or where the corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Robin Hopkins, PGeo (Northwest Territories/Nunavut), vice-president, exploration, for Westhaven, a qualified person for Westhaven under the definitions established by National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Hopkins is independent of Dundee.

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