Dundee Wealth Management Inc. today announced that it has obtained regulatory approval to commence a normal course issuer bid to purchase up to a maximum of 5,757,395 of its common shares, representing approximately 5% of the 115,147,894 issued and outstanding common shares on the date hereof, through the facilities of The Toronto Stock Exchange.

The normal course issuer bid will commence on May 14, 2007 and will terminate on the earlier of the date on which Dundee Wealth completes its purchases pursuant to the normal course issuer bid and May 13, 2008.

The purchases will be made in accordance with the policies and rules of the TSX. The price paid for any common shares acquired will be the market price at the time of purchase and all common shares purchased under the normal course issuer bid will be cancelled.

Dundee Wealth believes that the purchase of its common shares at current market values represents a good long-term investment for the company.

To date, Dundee Wealth has purchased an aggregate of 154,280 common shares at an average price of $12.63 through the facilities of the TSX under the previous normal course issuer bid which came into effect on May 14, 2006 and will expire on May 13, 2007.