SEE Business Forum Istanbul, Turkey

November 22 - 23, 2012

2

Dundee Precious Metals HighlightsDundee Precious Metals Highlights

TSX:DPM

$1.3B gold producer

2 operating mines in Bulgaria & Armenia

Strategic complex concentrate smelter in Namibia

2012 gold production of 132,000 to 145,000 oz

Low cash cost/ounce gold produced

Growing pipeline of growth opportunities

Experienced management team

Attractive value proposition Operating assetsDevelopment assetsExploration assets

Canada

Namibia Custom Smelter

Deno Gold

Chelopech

Krumovgrad

Avala 51%

Dunav 47%

Sabina 11%

3

Portfolio of AssetsPortfolio of Assets

TSX:DPM

Avala 51%

Krumovgrad 100%

Chelopech 100%

Dunav 47%

Kapan 100%

Tsumeb Smelter 100%

Operating assets

Development assets

Exploration assets

Canada

Sabina 10.7%

4

Strong Balance Sheet Strong Balance Sheet

Cash on Hand@ June 30, 2012

(excluding AVZ & DNV)

Significant Operating Cash FlowAnnualized H1 2012

TSX:DPM

Debt @ June 30, 2012

Total Debt:Total Capital = 10%

Capital Structure @ October 10, 2012

Share Price C$9.13

Shares Outstanding 125M

Fully diluted sharesAdditional cash on dilution

147MC$66M

52 week high - low $10.72 - $5.82

$115M

$83M

$110M

Gross Revenue by Metals Sold

6% 5%

41% 48% 36%

5% 4%

55% 64% 24%

6% 6%

2011A 2012E 2016E

GoldCopperSilverZinc

5

Corporate StrategyCorporate Strategy

TSX:DPM

Build DPM into an intermediate, low-cost gold producer:

Optimize value of existing operating assets

Grow business beyond existing operating assets

Sustain low quartile operating cost position

Chelopech – production expansion and pyrite recovery projectSmelter – complete Project 2012 upgrades & expansionDeno Gold Mine - open pit evaluation and underground extension

Maintain a solid financial position

Develop Krumovgrad Gold ProjectEstablish deep pipeline of greenfield exploration opportunitiesComplete acquisitions that offer accretive growth, diversity and gold exposure

6

Chelopech MineChelopech Mine • Low Cost, Long Life Producer • Low Cost, Long Life Producer

TSX:DPM

DPM Ownership 100%

Location Bulgaria

Acquired Sept. 2003

Resources Measured & Indicated (at Oct. 31, 2011)

Gold (oz) (4.09 g/t) 3,930,000

Copper (lbs) (1.31% Cu) 862,840,000

Reserves (@ Jan. 1, 2012)

Gold (oz) (3.66 g/t) 2,660,000

Copper (lbs) (1.15% Cu) 572,600,000

Mine Type Underground

Deposit TypeHigh sulphidation epithermal deposit

Estimated Mine Life @ expanded rate 10 + yrs

Complete expansion to 2 mtpy Q4 2012

Continue to replace depletion and increase Mineral Resources and Mineral Reserves through exploration

Complete feasibility study on the pyrite gold recovery project

Strategy

7

Namibia Custom SmelterNamibia Custom Smelter • A Unique Strategic Asset • A Unique Strategic Asset

TSX:DPM

DPM Ownership 100%

Location Namibia

Acquisition March 2010 $50M

Capital expenditures to date $57M

Project 2012 Costs $75M

Technology Ausmelt

Product Copper blister bars

2011 concentrate throughput 180,403 tonnes

Expanding smelter capacity 240k – 310k tpy

Sulphuric acid capture plant FS Complete

Build a one of a kind asset to treat DPM and third party complex concentrate

Upgrade operation to meet global standards

Increase capacity and lower costs

Contract other third party sources of complex concentrate to optimize throughput

Strategy

Ton

ne (

000s

)

Smelter Capacity

2009 2011 2010 2012E

Chelopech con Third party con

2013E: +O2 H1 2012

8

Namibia Custom SmelterNamibia Custom Smelter • Environmental & Production Upgrades • Environmental & Production Upgrades

TSX:DPM

Upgrade Initiatives Status Costs

Emissions control (Project 2012)

Fugitive emissions (arsenic) Completion Q4 2012 $75M

Sulphur emissions (acid plant) Completion Q4 2014 $167M

Further Production Facility Optimization Initiatives

Additional oxygen for Ausmelt furnace

All primary smelting in Ausmelt furnace

3 blocks of dust-capturing chambers installed in the new baghouse

New vehicle designed to vacuum dust off the ground for disposal

New dust disposal siteNew oxygen plant

9

Deno Gold MineDeno Gold Mine • Potential to Increase Size and Life of Mine • Potential to Increase Size and Life of Mine

TSX:DPM

DPM Ownership 100%

Location Armenia

Acquired August 2006

Mine Type Underground

Product Au/Cu & Zn concentrate

Deposit Type Polymetallic vein deposit (swarms)

Open Pit Resource Q4 2012

Underground Resource Q2 2013

Strategy

Define the potential open pit and underground resource for the Shahumyan deposit

Complete open pit and underground studies based on the new resources

Explore regional license to define additional Mineral Resources

Continue operational improvements & cost reductions

10

Krumovgrad Gold ProjectKrumovgrad Gold Project • Low Cost, High Return Project • Low Cost, High Return Project

TSX:DPM

Location Bulgaria; 100% DPM ownership

Proposed Mine Type Open Pit; low-sulphidation epithermal Au deposit

Gold Recoveries & Grade 85%; 3.4 g/t

Annual ore production 850,000 tpy

Annual gold production 74,000 ounces

Annual silver production 35,000 ounces

Mine Life 9 years

Capital Cost to complete US$127M*

Total cash cost per oz AuEq $404*

Waste Small integrated tailings and mine waste facility

Recovery process Conventional crushing, grinding & flotation

Advance project to a 2014 production date – subject to appeals

Achieve 74,000 ounces of annual gold production

Seek opportunities to further increase recoveries

Evaluate other exploration opportunities within existing licenses

Strategy

* As per NI 43-101 technical report filed on SEDAR January 13, 2012

11

Forecast Significant Growth Over Next Three YearsForecast Significant Growth Over Next Three Years • Growing Pipeline of Development Opportunities • Growing Pipeline of Development Opportunities

TSX:DPM

Go

ld P

rod

uct

ion

(0

00

oz)

Pyrite StreamKrumovgradDenoChelopech

Source: Cormark Securities, July 26, 2012

12

Partially Owned Exploration InvestmentsPartially Owned Exploration Investments • Source of Additional Value & Growth • Source of Additional Value & Growth

TSX:DPM

*AVZ and DNV are consolidated

13

Compelling Investment OpportunityCompelling Investment Opportunity

TSX:DPM

Solid operating assets with overall cost profile

Significant cash flow and capital available to fund growth

Strong balance sheet

Proven Management and Board

Attractive Value Proposition

Underground at Chelopech Namibia Custom Smelter Entrance to Deno Gold Mine Krumovgrad

Growing pipeline of development/investment opportunities

14

Dundee Precious MetalsDundee Place1 Adelaide St. EastSuite 500Toronto, ON, M5C 2V9www.dundeeprecious.com

The Toronto Stock ExchangeDPM – Common SharesDPM.WT.A – 2015 Warrants