In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A)
("Dundee") announces that its wholly owned subsidiary, Dundee Agricultural
Corporation, has acquired in a private placement, 17,094,017 common shares
("Shares") of Urban Barns Foods Inc. ("Urban Barns") at a price of US $0.0234
per Share.


Dundee owns or controls a position in Urban Barns representing an approximate
43% interest on an undiluted basis. 


The position in Urban Barns was acquired for investment purposes and may be
increased or decreased in the future as considered appropriate in light of
investment criteria, market conditions and other factors and in accordance with
the provisions of applicable securities legislation.


ABOUT DUNDEE CORPORATION

Dundee Corporation is a public Canadian independent holding company listed on
the Toronto Stock Exchange ("TSX") under the symbol "DC.A." Through its
operating subsidiaries, Dundee Corporation is engaged in diverse business
activities in the areas of its core competencies including investment advisory
and corporate finance, energy, resources, agriculture, real estate and
infrastructure. Dundee Corporation also holds, directly and indirectly, a
portfolio of investments mostly in these core focus areas, as well as other
select investments in both publicly listed and private companies.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dundee Corporation
Ned Goodman
President and Chief Executive Officer
(416) 365-5665


Dundee Corporation
Lucie Presot
Vice President and Chief Financial Officer
(416) 365-5157
Dundee (TSX:DC.A)
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