DDX

Dundarave Resources Inc. (TSX VENTURE:DDX) ("Dundarave") is pleased to announce
that the shareholders of Dundarave have approved the ExtrEL Technology License
agreement between Dundarave and ENPAR Technologies at the Extraordinary General
Shareholders Meeting of Dundarave Resources held on February 1, 2008.


Dundarave had previously obtained conditional approval from the TSX Venture
Exchange for the ENPAR Technologies' ExtrEL nickel recovery technology licensing
agreement. The TSX Venture Exchange had determined that the transaction is a
Fundamental Acquisition (as defined in TSX Venture Exchange Policy 5.3) and
required that Dundarave obtain shareholder approval (at least 50% of the
shareholders). After the vote Dundarave applied for a final approval from TSX
Venture.


Paul Matysek, President and CEO of Dundarave, stated : "We are very pleased with
the outcome of today's vote as it allows us to obtain the final approval of the
transaction from TSX Venture and embark on the next phase of the technology
development. We now look forward to initiating the Optimization and Design
program for the ExtrEL technology that will focus on reactor design and the
nickel separation process."


In response to the news, Dr. Gene Shelp, President and CEO of ENPAR stated:
"ENPAR is very excited with the opportunity to work closely with Mr. Paul
Matysek and his team to exploit the potential of ENPAR's ExtrEL technology.
ENPAR is committed to an expedient and successful Optimization and Design
Program."


Forward Looking Statement

This press release contains "forward-looking information" that is based on the
Company's current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, statements with
respect to the Company's plans, outlook and business strategy. The words "may",
"would", "could", "should", "will", "likely", "expect," "anticipate," "intend",
"estimate", "plan", "forecast", "project" and "believe" or other similar words
and phrases are intended to identify forward-looking information.


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the Company's actual results, level of
activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Such factors include,
but are not limited to: uncertainties related to the success of the ExtrEL
leaching system technology; changes in economic conditions or financial markets;
changes in prices for the optimization and design program or the test pilot
plant; patent and other forms of litigation; legislative, environmental and
other judicial, regulatory, political and competitive developments;
technological or operational difficulties or an inability to obtain suitable
tailings or permits required in connection with extraction and related
activities; and labour relations matters.


This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking information. The Company
disclaims any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events or otherwise.


ON BEHALF OF THE BOARD

Paul Matysek, M.Sc., P. Geo., President & CEO

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