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Dundee Energy Limited Announces Director Resignation

TORONTO, ONTARIO -- (Marketwired) -- 01/21/14 -- Dundee Energy Limited ("Dundee Energy" or the "Corporation") (TSX:DEN) announces that Derek Buntain has resigned as a director of the Corporation effective today. The board of directors of Dundee Energy thanks Mr. Buntain for his contribution to the Corporation.

ABOUT THE CORPORATION

Dundee Energy Limited is a Canadian-based oil and natural gas company with a mandate to create long-term value for its shareholders through the exploration, development, production and marketing of oil and natural gas, and through other high impact energy projects. Dundee Energy holds the largest accumulation of producing oil and gas assets in Ontario, and holds a 24.6% interest in the Castor offshore underground natural gas storage facility in Spain through its indirect ownership of Escal UGS S.L. The Corporation's common shares trade on the Toronto Stock Exchange under the symbol "DEN".

Contacts:
Dundee Energy Limited
Jaffar Khan
President & CEO
(403) 264-4985
(403) 262-8299 (FAX)
www.dundee-energy.com

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