Dundee Securities Corporation Launches Dundee AdvantagePlus'TM' Deposit Notes, RBC Dow Jones-AIG Commodity Class, Series 1

Dundee Securities Corporation and RBC Financial Group are pleased to introduce Dundee AdvantagePlus(TM) Deposit Notes, RBC Dow Jones-AIG Commodity Class, Series 1 ("AdvantagePlus Notes"). Available until July 31, 2006, the AdvantagePlus Notes offer Canadians the performance potential of today's global commodities market with the added advantage of 100 per cent principal protection at maturity.

With performance linked to the Dow Jones-AIG Commodity Index(SM), the Notes will be issued and guaranteed by Royal Bank of Canada and will mature on or about August 7, 2012.

"Institutional investors have long been aware of the advantages of investing in the commodities market," stated Kym Anthony, President and C.E.O. of Dundee Securities Corporation. "This innovative new product gives Canadian investors an easy way to take advantage of the unique impact of commodities within the context of a well diversified portfolio and at a point in the cycle which may prove advantageous."

A leading independent full service investment dealer, Dundee Securities Corporation is a member of the Investment Dealers Association of Canada and CIPF. It is a subsidiary of Canadian owned, TSX listed Dundee Wealth Management (DW - TSX), which oversees approximately $48 billion in assets under management and administration and 1,866 independent financial advisors and 517 insurance agents located in 646 branches across Canada.

"AdvantagePlus" is a trademark of Dundee Corporation. "Dow Jones," "AIG®" "Dow Jones-AIG Commodity Index(SM)," and "DJ-AIGCI(SM)" are service marks of Dow Jones & Company, Inc. and American International Group, Inc. ("American International Group"), as the case may be, and have been licensed for use for certain purposes by Royal Bank of Canada. Royal Bank of Canada's Deposit Notes based on the Dow Jones-AIG Commodity Index(SM) Excess Return, are not sponsored, endorsed, sold or promoted by Dow Jones, AIG Financial Products Corp. ("AIG-FP"), American International Group, or any of their respective subsidiaries or affiliates, and none of Dow Jones, AIG-FP, American International Group, or any of their respective subsidiaries or affiliates, makes any representation regarding the advisability of investing in such product(s).

Contacts: Dundee Securities Corporation Geoff Sinclair Senior Vice President, Structured Finance and Securitization (416) 840-8155