Dunav Resources Announces Closing of $16.8 Million Financing

Dunav Resources Ltd. (TSX VENTURE:DNV) (the "Company" or "Dunav") is pleased to
announce that it has closed its previously announced brokered private placement
financing for total gross proceeds of $16,822,950. 


A total of 56,076,500 units, including 6,076,500 units from the exercise of the
over-allotment option (the "Option"), were sold at $0.30 per unit (the
"Offering"). Each unit was comprised of one common share of the Company and one
common share purchase warrant ("Warrant"). Each Warrant entitles the holder to
acquire one common share of Dunav at a price of $0.50 per share until March 6,
2016. 


The Offering syndicate was led by Dundee Securities Ltd. and included Paradigm
Capital Inc., Clarus Securities Inc. and Primary Capital Inc. (collectively, the
"Agents"). As consideration for their services related to the Offering, the
Agents received a cash commission equal to 6.0% of the gross proceeds raised
under the Offering (inclusive of the Option). The Agents also received 6.0%
compensation warrants, exercisable into one unit at a price of $0.30 per unit
until March 6, 2015. On units sold to certain existing shareholders and to
persons on the president's list, the Agents received a reduced commission of
3.0% in cash and 3.0% in compensation warrants. 


All securities issued in connection with the Offering, including the broker
warrants and the underlying securities, are subject to a hold period that
expires on July 7, 2013 and may not be traded except as permitted under
applicable securities legislation and the policies of the TSXV. Subject to
regulatory approval, the Company agreed to make application to list the Warrants
on the TSX Venture Exchange for trading following the expiration of the hold
period.


The Company intends to use the net proceeds of the Offering for further
exploration and development of its mineral projects in the Republic of Serbia
and for general corporate purposes.


Following the closing of the Offering, Dunav's issued and outstanding share
capital totals 175,319,442 common shares. Dundee Precious Metals Inc. (TSX:DPM)
subscribed for 23,333,400 units under the Offering, resulting in a change in its
ownership interest in Dunav's outstanding common shares from 47.3% to 45.5% on a
non-diluted basis. 


About Dunav Resources Ltd.: Dunav Resources is a mineral exploration company
focused on the acquisition, exploration and development of mineral properties in
Serbia. Additional information about the Company is available on SEDAR at
www.sedar.com and at www.dunavresources.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dunav Resources Ltd.
James Crombie
President and Chief Executive Officer
+1.450.640.0810
info@dunavresources.com
www.dunavresources.com

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