Receipt Of Environmental Licence For Loma Larga Project

TORONTO – Dundee Precious Metals announced that the Government of Ecuador has granted the environmental licence for exploitation for the Loma Larga project. The Loma Larga project environmental licence for exploitation was issued by the Ministry of Environment, Water and Ecological Transition (MAATE), and is the result of a rigorous process by the government to ensure high Ecuadorian standards are applied in the development of mining projects. DPM’s commitment to these standards is consistent with the Company’s proven development practices and adoption of international standards and best practices which meet or exceed national standards. Following the environmental licence issuance, DPM is preparing for formal negotiations for the exploitation agreement.

“This is an important milestone for Loma Larga, which is an attractive future growth opportunity for DPM with significant potential to deliver strong returns for our investors and stakeholders,” said David Rae, President and Chief Executive Officer. “We are designing and advancing Loma Larga in line with the highest standards for environmental and water management. The responsible development of Loma Larga offers significant economic and social opportunities for the local communities and country of Ecuador. We are committed to fostering strong, constructive relationships with local communities and the government, and we are investing in the development of the local workforce.”