DUNDEE CORPORATION AND DUNDEE 360 ANNOUNCE THE SIGNING OF A FRAMEWORK AGREEMENT WITH GANGWON PROVINCE TO DEVELOP THE EAST COAST FREE ECONOMIC ZONE IN THE REPUBLIC OF KOREA

TORONTO, ONTARIO - (September 9, 2014) - Dundee Corporation ("Dundee") (TSX: DC.A) and its wholly ‐ owned subsidiary, Dundee 360 ("Dundee 360") are pleased to announce that they have entered into a Framework Agreement with Gangwon Province ("Gangwon ‐ do") of the Republic of Korea ("South Korea") to develop a leisure, tourism and commercial hub within the East Coast Free Economic Zone ("EFEZ") in Gangwon ‐ do. The EFEZ is a specially designated zone formed under the laws of South Korea and is designed to encourage foreign investment, and is administered by the East Coast Free Economic Zone Authority ("EFEZ Authority") .

The Framework Agreement is based on the desire of Gangwon ‐ do and the EFEZ Authority to engage Dundee and Dundee 360 to advise with respect to the planning and development of the Mangsang Resort Community and Town Center, a world class, year ‐ round, recreational and mixed ‐ use real estate development on the Korean peninsula ("the Project").

"Gangwon ‐ do is extremely pleased to partner with Dundee and Dundee 360 to create what we believe will become Asia's premier year ‐ round resort destination," said Choi Moon Soon, Governor of Gangwon ‐ do.

The Project is directly south of, and in close proximity to the 2018 Winter Olympic site of Gangneung and encompasses approximately 600 hectares of land that boasts 2.5 kilometres of prime beachfront on the East Sea. The Project is anticipated to include hotel and resort development, residential units, ski and golf amenities, as well as commercial, medical and educational infrastructure.

"We share the Korean government's commitment to sustainable development. Mangsang represents an exceptional opportunity to create a truly next ‐ generation, recreational community that will support both domestic and international tourism for generations to come," said Robin Conners, Chief Executive Officer of Dundee 360.

The parties to the Framework Agreement have agreed to cooperate in the formation and funding of a special purpose company ("SPC") in the EFEZ, which will be designated as the exclusive developer of the Project. It is also contemplated that Dundee and/or Dundee 360 will enter into certain agreements with the SPC, including master planning, development/construction and various management agreements.

David Goodman, Chief Executive Officer of Dundee, stated "This Framework Agreement lays the foundation for Dundee and Dundee 360 to invest in South Korea. We strongly believe that our expertise in developing large ‐ scale 'Town Center' ‐ based real estate projects will help to foster the 'creative economy' that South Korea's leadership has so strongly emphasized as key to their country's next stage of economic growth."

Ned Goodman, Chairman of the Board of Directors of Dundee, stated "We have considered South Korea to be an exciting opportunity for our company, and we are very pleased that, after one year of preparation and dialogue, we can move forward in partnership with Gangwon ‐ do and the EFEZ Authority. In particular, we would like to express our appreciation to Governor Choi for his leadership and foresight, and look forward to building upon our relationship for many years to come."

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