
| SPAIN: | 02/8/12 3:31:32 AM | ALBERTA: | 02/7/12 7:31:32 PM | ONTARIO: | 02/7/12 9:31:32 PM |
Dundee Energy Limited’s (formerly Eurogas Corporation) $129 million acquisition in spring 2010 of Ontario assets producing light crude oil and natural gas with

Dundee Energy’s $129 million acquisition in spring 2010 of Ontario assets producing light crude oil and natural gas with high-netbacks and long reserve life advances the Company’s strategy to grow through the development of long-life, low-risk assets. The assets were placed in a wholly owned company Dundee Energy Limited Partnership (“DELP”).