Dundee Wealth Management Inc. Declares Quarterly First Preference Shares, Series X Dividend

Dundee Wealth Management Inc. (TSX: DW) and Dundee Corporation (TSX: DC.A) announced today that the board of directors of Dundee Corporation has agreed to accept common shares of Dundee Wealth in lieu of payment in cash of a quarterly dividend payable on the 5.4 million $10 par value 6% First Preference Shares, Series X, of Dundee Wealth owned by Dundee Corporation. The dividend of $818,050.20 was declared by the board of directors of Dundee Wealth on May 11, 2007.

The total number of common shares to be issued as payment of the dividend will be based on the greater of the closing price of the common shares on the Toronto Stock Exchange on the payment date being July 3, 2007 or the weighted average trading price of the common shares for the 20 day period ending on the day preceding the payment date. The payment is subject to all necessary regulatory and stock exchange approvals.

The dividend is designated as an eligible dividend for the purposes of section 89 of the Income Tax Act (Canada).

Dundee Wealth is a Canadian owned wealth management company. Through its various subsidiaries, including Dundee Bank of Canada, a Schedule I chartered bank, Dundee Wealth creates and provides investment solutions as well as capital markets and advisory services for financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $62.7 billion in assets under management and administration through independent financial advisors across Canada. It is listed on the Toronto Stock Exchange (TSX: DW).

Contacts: Dundee Corporation and Dundee Wealth Management Inc. Joanne Ferstman Executive Vice President and Chief Financial Officer (416) 365-5010