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Dundee Energy Announces Management Changes

TORONTO, ONTARIO--(Marketwired - June 16, 2015) - Dundee Energy Limited (TSX:DEN) ("Dundee Energy" or the "Company") today announced the resignation of Mr. Jaffar Khan as President and Chief Executive Officer of the Company. Mr. Harold (Sonny) Gordon, Chairman of the Company said, "The board of directors would like to thank Jaffar for his contribution to Dundee Energy over the years." Mr. Khan will remain as a director of the Company. "I look forward to continuing to serve the Company as a director and remain a strong supporter and shareholder," said Mr. Khan.

Mr. Bruce Sherley, P.Eng, has been appointed President and Chief Executive Officer of Dundee Energy effective immediately. Mr. Sherley has been President and Chief Executive Officer of Dundee Oil and Gas Limited, the Company's subsidiary operating its Ontario assets since 2008. Mr. Sherley has previously served as Executive Vice President and Chief Operating Officer of the Company from 2001 to 2008.


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 interests, both directly and indirectly, in the largest accumulation of producing oil and gas assets in Ontario and, through a preferred share investment, in certain exploration and evaluation programs for oil and natural gas offshore Tunisia. The Corporation's common shares trade on the Toronto Stock Exchange under the symbol "DEN".

Dundee Energy Limited
Harold Gordon
Chairman of the Board
(416) 365-8766
(416) 363-4536 (FAX)

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