In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired US$1,000,000 principal amount non-convertible senior secured notes of Maritime Resources Corp. (TSXV - MAE) (“Maritime” or the “Issuer”) maturing August 14, 2025 which may be extended by Maritime in certain circumstances and under certain conditions until August 14, 2026 (the “Extended Maturity Date”). As part of the purchase of the senior secured notes, Dundee Resources Limited received 7,662,285 warrants (“Note Warrants”) of Maritime. Each Note Warrant is exercisable into one common share in the capital of the Issuer at a price of $0.07 per Note Warrant up until August 14, 2025, and subject to an extension in the event that the maturity date of the senior secured notes is extended to the Extended Maturity Date. Concurrently, Dundee Resources also acquired 13,125,000 units (the “Units”) of Maritime at the price of C$0.04 per Unit for aggregate consideration of C$525,000. Each Unit is comprised of one common share and one common share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire one common share of the Issuer at an exercise price of C$0.07 per share until August 14, 2026.