Dundee Precious Metals Inc. announced that, as part of its executive succession planning process, Rick Howes will be stepping down as President and Chief Executive Officer at the annual general meeting of shareholders on May 7, 2020 and will not stand for re-election as director. David Rae, DPM's Chief Operating Officer since 2014, has been appointed as a director effective January 1, 2020 and will assume the role of President and CEO on May 7, 2020. Mr. Rae is a seasoned international mining and smelting executive with extensive experience in Africa, Europe and Canada and has held increasingly senior operating and executive roles with international mining companies including Falconbridge and Xstrata.

He joined the Company as Senior Vice President, Operations in November 2012 and was appointed Executive Vice President and Chief Operating Officer in May 2014.