Dundee Corporation Acquires Interest in Quest Capital Corp

TORONTO, ONTARIO, Mar 24 (MARKET WIRE) --
In accordance with regulatory requirements, Dundee Corporation (TSX:
DC.A) ("Dundee Corp.") announced today that it has acquired 5,000,000
common shares of Quest Capital Corp. ("Quest") at an approximate price of
$1.00 per common share. Following this transaction, Dundee Corp. owns an
aggregate of 15,583,334 common shares of Quest which represents an
approximate 10.52% interest in Quest. In addition, an affiliate of Dundee
Corp. owns 3,615,600 common shares of Quest representing an approximate
2.44% interest in Quest. In total, Dundee Corp., together with its
affiliate, owns an aggregate of 19,198,934 common shares of Quest
representing an approximate 12.96% interest in Quest.

The position in Quest was acquired for investment purposes and may be
increased or decreased in the future as considered appropriate in light
of investment criteria, market conditions and other factors and in
accordance with the provisions of applicable securities legislation.

Dundee Corporation is an asset management company dedicated to private
wealth management, real estate and resources that, combined, reflect
approximately $55 billion under management and administration. Its
domestic wealth management activities are carried out through its
controlled subsidiary, DundeeWealth Inc. Dundee Corporation's real estate
activities are conducted through its 75% owned subsidiary, Dundee Realty
Corporation which operates as an asset manager of commercial real estate
with activities in a land and housing business in Canada and the United
States. Resource activities are carried out through its wholly-owned
subsidiary, Dundee Resources Limited. Asset management activities are
carried out through Ravensden Asset Management Inc. and Dundee Real
Estate Asset Management ("DREAM").

Contacts:
Dundee Corporation
Ned Goodman
President & Chief Executive Officer
(416) 365-5665

Dundee Corporation
Joanne Ferstman
Executive Vice President & Chief Financial Officer
(416) 365-5010

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