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Shareholders approve plan of arrangement to spin out gold assets at Kahuna Project

Fri, 29 Dec 2017 05:30:00 MST

Vancouver, BC, Canada. / TheNewswire / December 29, 2017 – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today announced results of an Annual General and Special Meeting (the "Meeting") of shareholders (the "Shareholders") held on December 22, 2017.

At the Meeting, Shareholders approved a plan of arrangement (the "POA"), involving the Company and its wholly-owned subsidiary Solstice Gold Corp. ("Solstice"), pursuant to which the Company will spin out Solstice as a separately listed company (see press releases dated November 29, 2017; November 27, 2017; May 11, 2017; May 1, 2017 and November 23, 2016). Under the terms of the POA, shareholders of record of Dunnedin on July 17, 2017 will be entitled to receive one share of Solstice for every three shares of Dunnedin held.

Following the Meeting, the Company was granted a final order from the Supreme Court of British Columbia, approving the POA. Completion of the POA remains subject to the satisfaction of certain closing conditions, and the Company will issue a further news release once the effective date for completion of the POA has been confirmed.

Solstice holds Dunnedin’s gold mineralization rights covering the Kahuna Project ("Kahuna"), including registered ownership of 66 full claims, 50% of 12 additional claims as well as certain other mineral rights. Solstice will be operated by an experienced management team comprised of Executive Chairman David Adamson Ph.D., President Marty Tunney P.Eng., Vice President Exploration Bob Singh P.Geo, and Chief Financial Officer Tony Ricci CPA, CA.

Investors are cautioned that, except as disclosed in the management information circular prepared in connection with the POA, any information released or received with respect to the POA may not be accurate or complete and should not be relied upon. The TSX Venture Exchange has in no way passed upon the merits of the proposed POA and has neither approved nor disapproved the contents of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent interest. Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected from three seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling, and remains open to extension. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 2.03 tonne sample of the PST kimberlite dike which returned 223 macrodiamonds totalling 8.17 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Dunnedin Appoints Tornquist As President, Adds To Operations Team In Advance Of Drilling

Mon, 20 Nov 2017 05:30:00 MST

November 20, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) is pleased to announce the appointment of Ms. Claudia Tornquist, M.Eng, MBA as the company’s new President. Ms. Tornquist, a senior-level executive, initially joined Dunnedin as an advisor in 2015 and was appointed to the board of directors in 2016. The Company also announces the appointment of Mr. Jeff Ward, P.Geo, as Vice President, Exploration, Mr. Andrew Berry as Vice President, Operations and Ms. Emily McNie as Project Geologist. Mr. Ward, Mr. Berry and Ms. McNie have over 30 years of collective experience in Nunavut, and a successful track record of diamond exploration and discovery.

Chris Taylor, Dunnedin’s CEO said, “We are anticipating a very active 2018 as we drill a number of newly identified kimberlite pipe targets, and also drill to expand our existing diamond resource at our 100% owned Kahuna project in Nunavut. Ms. Tornquist’s experience with Rio Tinto’s Diamonds Group will add breadth and depth of advanced-stage diamond industry experience to a strong exploration team that is currently advised by Dr. Charles Fipke and Mr. John Robins. With extensive experience in Nunavut and a background in diamond exploration and processing, Mr. Ward and Mr. Berry provide operational experience to Dunnedin that will allow the Company to grow through the advanced-stage exploration work anticipated in the new year.”

Claudia Tornquist, Dunnedin’s President said, “I am very excited about the tremendous opportunity Dunnedin has at the Kahuna project in Nunavut and the world-class team Mr. Taylor has assembled. The Kahuna project stands out as an advanced project with proven diamond potential and an existing 4 million carat resource with a clear path to expansion at low cost. In addition, Dunnedin’s large land package provides tremendous exploration upside and numerous kimberlite pipe targets have been identified with the potential for a transformative discovery. 2018 will be an important year to bring the Kahuna project to the next level.”

The new Dunnedin Ventures appointments are as follows:

Claudia Tornquist, M.Eng, MBA, President and Director

Ms. Tornquist’s prior experience includes her role as Executive Vice President of Business Development at Sandstorm Gold, a streaming and royalties company where she financed junior mining companies in the precious metals, base metals and diamond sectors. Prior to that she worked for nine years at Rio Tinto as general manager in strategy, business evaluation and business development roles. In the diamonds sector Ms. Tornquist led the development of a growth strategy for Rio Tinto’s Diamonds Group and she also evaluated and advised Rio Tinto’s Investment Committee on major expansions of the Argyle and Diavik diamond mines.

Jeff Ward, P.Geo, VP Exploration

Mr. Ward has over 30 years of exploration experience across Canada’s north, most recently as President of Kivalliq Energy Corp. (TSX-V: KIV), and will assist Dunnedin will all aspects or program planning and implementation. As Regional Project Manager for Ashton Mining of Canada Inc. he directed diamond exploration in the Northwest Territories, Nunavut and Alberta. As General Manager-Laboratory Services for Ashton and Stornoway Diamond Corp (TSX: SWY), he supervised operations at a 50-person North Vancouver head office and laboratory facility specializing in diamond evaluation. Mr. Ward also ran several on-site DMS plants processing for surface and underground bulk samples at the Renard Project in Quebec, Canada’s newest diamond mine.

Andrew Berry, VP Operations

Mr. Berry has been COO of Kivalliq Energy Corp. since 2010 and will co-manage exploration activities for Dunnedin. He has both surface and underground experience with precious metal, base metal and diamond deposits in South America, Africa and Canada, including mine development with Flanagan McAdam Ltd. and the Muscocho Group in Ontario. As Project Manager with Ashton Mining of Canada Inc. and Stornoway Diamond Corp., Mr. Berry specialized in operational logistics while exploring for diamonds in Canadian arctic environments for over 15 years.

Emily McNie B.Sc, Project Geologist

Ms. McNie has been working in the vicinity of Dunnedin’s Kahuna project as Project Geologist with Kivalliq Energy Corp. since 2011. She will assist with program implementation and will supervise field operations. Ms. McNie’s background includes technical and regulatory reporting and administration of environmental compliance and permitting in Nunavut with a focus on the Kivalliq district.

Update on Plan of Arrangement

In addition to published diamond resources in two kimberlite bodies, and identification of new potentially diamond-hosting kimberlite pipe targets that will be drill tested in early 2018, Dunnedin also announced the discovery of widespread gold in tills across the Kahuna property in 2016, and its intention to spin out gold rights to the project. The project is contiguous with the Meliadine property of Agnico Eagle Mines Ltd. and overlies similar banded iron formation units that also host gold at Meliadine.

The Company notifies shareholders of record on July 17, 2017 that materials related to the proposed Plan of Arrangement (“POA”) to spin out the gold mineralization rights at Kahuna will be mailed out by the close of November, and a special meeting to approve the POA is expected to take place in mid-to-late December, 2017. Details of the POA will be included in the mail out material and will also be announced by the Company at the time of mailing.

Figure 1: Expanded boundaries of the Kahuna project, September 2017. Agnico Eagle’s (TSX: AEM) Meliadine project is contiguous with the Kahuna project and is shown in yellow.

Click Image To View Full Size

Mr. Jeff Ward, P.Geo, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Dunnedin Expands Kahuna Project to 166,402 Hectares

Thu, 14 Sep 2017 05:30:00 MDT

September 14, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today announced that it has expanded the Kahuna project through staking of an additional 36 claims totaling 42,128 Ha. The total area of the Kahuna project is now 166,402 Ha, or 1,664 square kilometres. The new claims are prospective for both gold and diamonds.

The summer field program has been extended to survey the newly staked ground and geological mapping, bedrock and till sampling are underway. The new claims cover extensions to greenstone belts containing banded iron formations that have been mapped by field crews, and are known from historical work to contain gold mineralization. Some of the new claims also cover probable up-ice sources of recently disclosed diamond indicator minerals found in tills, and geophysical targets consistent with kimberlite pipes. The new boundaries of the Kahuna project are shown below in Figure 1.

Figure 1: Expanded boundaries of the Kahuna project, September 2017.

Click Image To View Full Size

The Company further reports that is has begun mobilizing fuel and other materials for its planned winter drill program and is currently seeking drill bids. Furthermore, all outstanding diamond-focused till results from its 2016 sampling program have now been received, and results will be released as soon as analysis is completed.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent interest. Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected from two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling, and remains open to extension. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 2.03 tonne sample of the PST kimberlite dike which returned 223 macrodiamonds totalling 8.17 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. and has generated gold results in tills, bedrock and drill core across a wide area. Gold is associated with several metasediment belts that cross the project. The adjacent Meliadine project is also hosted by metasediments and has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015. There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

Dunnedin Provides Update, Reports New Pipe Targets To Be Drilled At Kahuna

Thu, 24 Aug 2017 05:30:00 MDT

August 24, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today provided an update on diamond exploration and permitting progress.

The Company has focused on a priority region of high quality Diamond Indicator Minerals (“DIMs”) correlated to a number of geophysical targets consistent with kimberlite pipes, as shown on Figure 1. Three of these targets have been “boxed” by till sampling and are drill-ready, as DIM concentrations have been found down-ice from the targets, but not up-ice with respect to glacial transport. Elsewhere on the project, field crews have also identified a pipe or “dyke-blow” target along strike of a proven diamond-bearing kimberlite dyke. Drilling of these targets is planned for winter 2017-2018.

Dunnedin further reports that all required land use, water use and access permits have now been received from local, territorial and federal governments to allow a winter drill program. The Company is sufficiently funded to execute the planned drilling.

New Cluster of Kimberlite Pipe Targets

A priority area of interest is located east of the Kahuna kimberlite dyke and is notable for having:

3 drill-ready kimberlite pipe targets that have sourced high quality DIMs in tills, including clinopyroxenes with chemical signatures associated with large diamonds recovered from diamond-producing mines

19 additional high priority DIM occurrences observed by Dunnedin to-date that are currently being assessed by field crews,

More than 30 geophysically suggested kimberlite pipe targets within a 5 kilometre radius, and

10 historically drill-confirmed kimberlite pipes

While the area was also historically explored, none of the new targets specifically defined by Dunnedin have been drilled. Dunnedin’s exploration methods differ from historical techniques by employing proprietary DIM classification filters developed by the Company’s advisor Dr. Charles Fipke, and used during the original Canadian diamond discovery at Ekati. These filters highlight diamond-bearing kimberlites as priority targets, and allow the Company to avoid kimberlites with low diamond potential.

The Company has also engaged in3D Geoscience Inc. to model the three-dimensional shape of the kimberlite targets using the Company’s extensive geophysical database, and will use results to assist with planning of individual drill holes.

Figure 1: DIM results and kimberlite pipe targets east of the Kahuna dyke. Higher DIM rankings on this image are provided by a combination of higher DIM counts per till sample, quality of DIM chemistry, and assessed distance to potential bedrock source. The area contains both drill-ready targets and additional targets now being assessed by field crews.

Click Image To View Full Size

Exploration Update and Additional Targets

Field crews have been actively exploring the project since June of 2017. Results to-date include mapping of the surface expressions of possible kimberlite pipes in areas that have sourced diamonds and/or DIMs. An example of a new pipe-type target is provided in Figure 2. The “Jigsaw” kimberlite dyke was bulk sampled in 2006 and returned 2.53 carats of commercial-sized diamonds (+0.85mm) from a 5.15 tonne bulk sample, for a sample grade of 0.49 carats per tonne. Field crews have identified a prominent circular topographic depression adjacent to the area of historical sampling that will also be drill tested this winter.

Processing is also now over 90% complete on a series of 1,111 till samples collected in summer 2016 that are being analyzed at C.F. Mineral Research Ltd. of Kelowna, B.C. Results will continue to be released as received and analyzed.

Figure 2: Potential kimberlite pipe target identified for follow-up drilling. Circular topographic depression measures approximately 100m across, and may be a “dyke-blow”.

Click Image To View Full Size

Based on the strength of results to-date, Dunnedin has expanded the scope of its ongoing till sampling program and is collecting approximately 3,500 till samples from across a 1,000 square kilometre area, in order to test a number of new targets and new areas of the project that were staked in late 2016.

Details of the upcoming drill program and any further drill targets will be provided when final till sampling results from the 2016 program are received, which are expected in September.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent interest. Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected from two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling, and remains open to extension. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 2.03 tonne sample of the PST kimberlite dike which returned 223 macrodiamonds totalling 8.17 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

Total of 8.17 Carats of Commercial-Sized Diamonds Recovered From PST Kimberlite

Tue, 25 Jul 2017 05:30:00 MDT

Vancouver, BC, Canada / TheNewswire / July 25, 2017 – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today reported final diamond recovery results from the PST kimberlite. A total of 8.17 carats of commercial-sized diamonds (+0.85 mm) were recovered from 2.03 tonnes of PST, for a final aggregate sample grade of 4.02 carats per tonne. Results are provided in the table below.

Diamond Recoveries from PST Kimberlite

Table 1: Diamonds recovered from the PST kimberlite by Dunnedin

Sample	Weight in Dry Tonnes	Total Number of Diamonds Recovered (+0.425 mm)	Total Carat Weight (+0.85 mm)	Endecott Sieve Size (mm)
Sample	Weight in Dry Tonnes	Total Number of Diamonds Recovered (+0.425 mm)	Total Carat Weight (+0.85 mm)	0.425	0.60	0.85	1.18	1.70	2.36	3.35	4.75	Sample Grade (cpt)	Largest Diam-onds (carats)
PST 1	0.82	526	5.34	305	125	58	23	12	1	1	1	6.50	2.22, 0.77, 0.17
PST 2	1.21	733	2.83	388	218	80	39	6	2	0	0	2.35	0.26, 0.18, 0.15
PST TOTAL	2.03	1,259	8.17	693	343	138	62	18	3	1	1	4.02	-

Chris Taylor, Dunnedin’s CEO said, “PST represents a high grade target with obvious capacity to host large and attractive diamonds. It is a clear target for further exploration and bulk sampling, and is one of several drill confirmed diamond-bearing kimberlites within a 2 kilometre radius. Once again, Dunnedin’s samples have returned higher than historic commercial-sized diamond grades. At PST our final aggregate sample grade is 84% higher than what was historically reported.”

Historical bulk sample results from PST are presented in Table 2. Historical and current samples were collected from the same sample site.

Table 2: Historically reported bulk sampling of the PST kimberlite

Sample

Weight in Dry Tonnes

Total

Number of Diamonds Recovered (+0.425 mm)

Total Carat

Weight (+0.85 mm)

Endecott Sieve Size (mm)

0.425

0.60

0.85

1.18

1.70

2.36

3.35

4.75

Sample Grade

(cpt)

Largest Diam-onds

(carats)

PST

3.55

11.29

128

2.18

0.55, 0.29, 0.16

Most of the PST diamonds recovered by Dunnedin are clear and colourless variants of octahedra. No historical or current resource numbers are available for PST, however recent interpretive work by Dunnedin suggests it has a potential strike length of up to 2.5 kilometres based on historical drilling and geophysical surveys.

Figure 1: All diamonds recovered from the 1.17 to 2.36 mm commercial-size fraction of sample PST 2

Click Image To View Full Size

In 2016, Dunnedin determined that the PST, Notch and other kimberlites have intruded a gold-mineralized metasediment belt that has yielded gold in drill core, and pristine, locally sourced gold grains in tills. Some of the highest gold-in-till values observed through Dunnedin’s work come from the immediate vicinity of PST, with gold mineralization also noted in outcrop and boulders within 200 m of the kimberlite.

About the PST Kimberlite

-Near vertical high grade kimberlite dike that is exposed at surface

-Historical and current samples were taken at the same locations or within metres of each other

-Drilling is limited to 200 metres of strike and to a maximum depth of approximately 50 metres; remains open along strike and at depth

-Extends north under thin gravel cover, however diamondiferous kimberlite was drilled 1.2 km away directly along strike, coincident with magnetic and resistivity signatures that suggest potential continuity of up to 2.5 km

-Insufficient exposure and drilling to define width; more work is required

-One of several diamondiferous kimberlites discovered thus far within a 2 km radius, including Notch, Killiq and 07-KD-24. The latter is notable for having historically recovered 305 diamonds including 7 macrodiamonds (+0.85 mm) from a 2.2 kg (0.0022 tonne) drill core sample

The PST sample was treated through an autogenous mill-fusion circuit located at CF Mineral Research Ltd. of Kelowna, British Columbia, using a lower size cut-off of 0.425 mm. Unlike standard DMS recovery methods, the circuit can recover nearly all diamonds present in a kimberlite to the predetermined cut-off size, along with associated indicator minerals.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Dunnedin’s primary asset is the Kahuna project, where it is completing final steps to earn a 100 percent interest. Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected from two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling, and remains open to extension. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

Dunnedin Raises $5.1 Million

Thu, 20 Jul 2017 05:30:00 MDT

July 20, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company") (TSX-V: DVI) today announced that it has completed an over-subscribed non-brokered private placement of flow-through (each, a "FT Unit") and non-flow through (each, a "NFT Unit") units for gross proceeds of $4,546,250. In connection with closing of the placement, the Company issued 1,325,000 FT Units at a price of $0.32, and 16,489,000 NFT Units at a price of $0.25.

The Company has also received gross proceeds of $597,000 from receipt of 3,980,000 warrants originating from a private placement closed on August 29, 2016, bringing total gross proceeds of the current private placement and warrant funds receipt to $5,143,250.

Significant participants in the private placement include Evanachan Ltd., a company wholly-owned by Rob McEwen, and Northfield Capital Corporation (TSX-V: NFD.A), a company controlled by Robert Cudney.

Each FT Unit consists of one common share and one-half-of-one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.40 for a period of twenty-four months. Each NFT Unit consists of one common share and one-half-of-one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.35 for a period of twenty-four months. The share purchase warrants issued as part of the FT Units and the NFT Units are subject to accelerated expiry in the event the closing price of the common shares of the Company on the TSX Venture Exchange is $0.55 or greater for twenty consecutive trading days.

“Dunnedin is well-positioned to proceed with both diamond and gold exploration at the Kahuna project,” said Chris Taylor, CEO of Dunnedin. “Our next steps include implementation of our planned spin-out through a plan of arrangement of the gold rights to the Kahuna project. This includes finalizing the ratio of gold-focused spinout company shares to be received by shareholders on the date of record of July 17, 2017, determination of the relative market value of the diamond and gold assets of the Company as of the record date, and proceeding with a shareholder vote to approve the plan of arrangement. This is of course against the backdrop of an active summer exploration program that has been ongoing since June and is expected to yield results over the near-term.”

In connection with closing of the placement the Company paid finders’ fees of $285,890.50 and issued 1,118,180 share purchase warrants (each, a "Broker Warrant") to eligible parties who introduced subscribers to the placement. Each Broker Warrant is exercisable to acquire a common share of the Company at a price of $0.25 for a period of twenty-four months, subject to accelerated expiry on the same terms as the warrants comprising the FT Units and the NFT Units. All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period. All participants in the private placement are shareholders of record on July 17, 2017 to also receive gold-focused spinout company shares.

Chris Taylor said, “I would like to thank the team at Pollitt & Co Inc. for their assistance with the successful conclusion of this over-subscribed placement, and for representing Dunnedin with the highest professional standards.”

The Company intends to use the proceeds of the private placement to advance its ongoing exploration program on the Kahuna project and for general working capital purposes including completion of its previously announced spinout of rights associated with gold mineralization on that project. It is anticipated that a significant portion of the proceeds of the placement will be used to advance gold exploration work on the project.

For further information please contact Knox Henderson, Investor Relations, at 604-551-2360.

About Dunnedin Ventures

Dunnedin’s primary asset is the Kahuna project, where it has an option to earn a 100 percent interest. Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected from two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling, and remains open to extension. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

R. Bob Singh, P. Geo., exploration manager, is the qualified person responsible for the technical content of this news release.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

Dunnedin Ventures to Raise $4 Million through Private Placement

Tue, 20 Jun 2017 05:30:00 MDT

June 20, 2017 / TheNewswire / Vancouver, BC, Canada – Dunnedin Ventures Inc. (the "Company") (TSX-V: DVI) announces that it will conduct a non-brokered private placement of flow-through (each, a "FT Unit") and non-flow through (each, a "NFT Unit") units for gross proceeds of up to $4,000,000.

In order to accommodate the private placement, the date of record for a plan of arrangement to spin out rights to gold mineralization at the Company’s Kahuna project, Nunavut, will be amended from June 30, 2017 to July 17, 2017. Shareholders of record on July 17, 2017 will be entitled to receive a distribution of shares in a new gold entity. Additional details regarding the arrangement will be provided as they become available.

Each "FT Unit" will be offered at a price of $0.32 and will consist of one common share and one-half-of-one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.40 for a period of twenty-four months. Each "NFT Unit" will be offered at a price of $0.25 and will consist of one common share and one-half-of-one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.35 for a period of twenty-four months.

The share purchase warrants issued in connection with the FT Units and the NFT Units will be subject to accelerated expiry in the event the closing price of the common shares of the Company on the TSX Venture Exchange is $0.55 or greater for twenty consecutive trading days.

The Company will determine the allocation of FT Units and NFT Units based on investor interest. In the event only FT Units are issued, the private placement would result in the issuance of 12,500,000 FT Units. In the event only NFT Units are issued, the private placement would result in the issuance of 16,000,000 NFT Units.

The Company intends to use the proceeds of the private placement to advance its summer exploration program on the Kahuna project, and complete its previously announced spinout of rights associated with gold mineralization on that project. It is anticipated that a significant portion of the proceeds of the placement will be used to advance gold exploration work on the project and will form part of the assets of the spinout vehicle on completion of the spinout transaction.

The Company has engaged Pollitt & Co. Inc. ("Pollitt") as the Company’s financial advisor and to act as lead agent in connection with the private placement. Pollitt will receive a finders’ fee from the Company in consideration for providing these services. The Company may pay finders’ fees to other eligible parties who have introduced subscribers to the private placement.

For further information regarding the placement please contact Knox Henderson, Investor Relations, at 604-551-2360, or James Doyle, Pollitt & Co. Inc., at 416-365-3313, jd@pollitt.com.

Completion of the private placement remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period.

About Dunnedin Ventures

Dunnedin’s primary asset is the Kahuna project, where it has an option to earn a 100 percent interest. Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in from two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm).

The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. Meliadine has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015. There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

R. Bob Singh, P. Geo., exploration manager, is the qualified person responsible for the technical content of this news release.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

New Kimberlite Pipe Targets with Diamond Potential Identified at Kahuna

Mon, 05 Jun 2017 05:30:00 MDT

June 5, 2017 / TheNewswire / Vancouver, BC, Canada – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today reported the identification of new kimberlite pipe targets with down-ice till chemistry matching known diamond-bearing kimberlite dikes at the Kahuna project. These are priority drill targets for 2017 that the Company believes have strong diamond potential.

Figure 1: Kimberlite pipe targets with diamond indicator minerals (“DIMs”) in down-ice tills. Individual targets shown in insets. Magnetic total field geophysics shown. Results are from 208 of 1,111 samples received to date.

Click Image To View Full Size

The Company processed kimberlite from the highly diamondiferous Kahuna, PST and Notch kimberlite dikes and also from the KEM dike, a barren body, to compare the indicator mineral signatures of diamondiferous versus barren kimberlites. All three of the Kahuna, PST and Notch had certain indicator mineral chemistries in common that were absent in the barren body. These diamond-associated mineral chemistries have now been recovered from till samples down-ice from new kimberlite pipe targets in several areas.

“The Kahuna project covers one of the largest, mostly under tested kimberlite pipe fields in Canada,” said Chris Taylor, CEO of Dunnedin. “While we remain positive on the potential of our diamond-bearing kimberlite dikes such as Kahuna, Notch and PST, the opportunity to additionally benefit our shareholders through a new discovery drives us to also test the pipes. With these new results in hand, we aim to make 2017 a year of discovery, diamond valuation and resource growth.”

Summary of Results

- Results received for 208 of 1,111 (19%) till samples collected in summer 2016, with results from the remaining 903 samples expected to be received through June.

- To-date, up to seven potentially diamond-bearing kimberlite pipe targets have been identified with associated DIM dispersions in down-ice tills. Targets will be ranked for follow up exploration and drilling once all results are received. The total number of targets, and their relative strengths based on DIM content, will be provided at that time.

- Field crews will be mobilized during June to begin field investigations of these and other targets across the Kahuna project, with drilling expected to being this summer.

- The Kahuna project is notable for yielding DIM chemistry associated with large diamonds recovered at producing diamond mines, including Ekati, which has been validated by recovery of large diamonds (up to 13.42 carats) at Kahuna.

- Certain chemistries of the DIMs clinopyroxene, chromite, garnet and picroilmenite are observed consistently within the diamond-bearing kimberlite dikes, and are also found down-ice from the newly identified targets.

- The geophysical signature of historically drilled kimberlite pipes generally consists of negative in-phase electromagnetic responses and variously high and low magnetic responses that are distinctive from background geology. The newly identified kimberlite pipe targets are consistent with these signatures, but require drilling to verify.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About Till Sampling for Diamond Exploration

Glacial till sampling is used extensively in the Canadian Arctic as a primary exploration tool leading to most major diamond discoveries, the most famous example of which is Ekati, which was discovered by Dunnedin’s advisor Dr. Charles Fipke.

Heavy mineral recovery from tills retrieves kimberlite indicator minerals (‘KIMs’) that were eroded from kimberlites by glaciers and deposited “down-ice”. This creates a train of positive till samples that can be tracked back to their original source.

Some KIMs have chemical signatures that indicate source within the diamond stability field in the lower continental crust. These are referred to as Diamond Indicator Minerals, or DIMs. Certain DIM chemistries are known to be characteristic of the occurrence of larger diamonds, based on data sets collected from producing diamond mines. The Kahuna project’s diamond-bearing kimberlites contain these DIMs, and have also yielded large diamonds.

Dunnedin’s till sampling program utilizes the same sampling and mineral ranking techniques as applied at Ekati, which can predict the potential of kimberlites to host diamonds with a high degree of confidence. The ranking employs proprietary mineral chemistry filters developed at CF Mineral Research Ltd. (“CFM”) of Kelowna, British Columbia, under the direction of Dr. Fipke.

About the Kahuna Project

Dunnedin Announces Gold Exploration Plans And Spinout Record Date

Thu, 11 May 2017 05:30:00 MDT

May 11, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today reported that the date of record for a Plan of Arrangement to spin out rights to gold mineralization at its Kahuna project, Nunavut, will be June 30, 2017.

The Company also announces its exploration plans to define drill targets across its Kannuqa gold belt, an approximately 300 square kilometre folded greenstone belt that has sourced widespread gold-in-tills, gold-in-bedrock, and gold in drill core, and is surrounded by Agnico Eagle Mines Ltd.’s (TSE: AEM; “Agnico”) Meliadine project to the north, west and south.

Figure 1: Exploration blocks at the Kannuqa belt, one of four gold belts at Kahuna. Adjacent gold projects shown in inset; Agnico’s Meliadine project and NxGold Ltd.’s (TSX-V: NXN) Kuulu project.

Click Image To View Full Size

The Kannuqa belt is one of four gold-bearing metasediment belts have been explored at Kahuna. Details of the other gold belts will be made available as results of last summer’s exploration are received. The Kannuqa belt covers approximately 300 km2 (30,000 Ha), and has been divided for exploration purposes into 11 blocks averaging 25 square kilometres each. All blocks contain gold occurrences as follows.

Table 1: Kannuqa Gold Belt sample results combined from historic data and Dunnedin’s 2015 till survey.

Block	Approx. Area (km2)	Number of Till Samples	Total Gold Grains	Avg. Grains Per Sample	Total Pristine Grains	Bedrock Has Been Sampled for Gold	Has Been Drilled for Gold
1	22	10	61	6	6	Yes	Yes
2	25	8	70	9	7	Yes	Yes
3	33	12	97	8	9	No	No
4	33	9	136	15	12	No	No
5	21	11	348	32	59	No	No
6	20	4	96	24	17	No	No
7	15	2	29	15	4	No	No
8	25	13	296	23	56	No	No
9	30	22	522	24	68	No	No
10	25	12	179	15	19	No	No
11	20	2	50	25	6	No	No
TOTAL	269	105	1884	18	263	-	-

“We’ve identified more than 50 areas with concentrated gold-in-tills that include pristine, locally derived gold grains. These were deposited down-ice from nearby bedrock sources that appear to lie within the Kannuqa gold belt,” said Chris Taylor, CEO of Dunnedin. “While gold is widespread in tills throughout the belt, it is concentrated near bedrock fold hinges in a pattern similar to that published at Meliadine. As the Kannuqa belt begins less than 15 kilometres from the Meliadine mine site, it is a near-term priority for Dunnedin’s exploration efforts and has excellent potential to host new gold discoveries.”

Dunnedin confirmed historical gold-in-till results through recovery of proximally-sourced gold grains from Block 1 as disclosed on October 17, 2016. Dunnedin expects to soon receive gold results from till samples collected across the Kahuna project in 2016. These will include new results from the Kannuqa gold belt, which will direct upcoming exploration.

Field crews are expected to mobilize in early June 2017, when ground conditions allow. The Company will expand its gold-in-till sampling grid across each of the 11 defined exploration blocks, including higher density sampling around high historical grain counts, and will undertake a geological prospecting and mapping program that will define drill targets at each block. Drilling will be planned and implemented based on results received from this work.

As previously disclosed, a property-wide diamond exploration program will be concurrently undertaken, including drill testing of a number of high priority diamond indicator mineral sources, and collection of diamondiferous kimberlite bulk samples for diamond valuation purposes. All till sampling conducted across the property will be screened for both indicator mineral and gold content, as Dunnedin has observed gold grains and kimberlite indicator minerals occur together in the majority of samples.

As disclosed on May 1 2017, Dunnedin has accelerated its 100 percent earn-in of the Kahuna project and is proceeding with its intention to spin out rights to gold mineralization at the Kahuna project. The project and rights will be spun out into a wholly-owned subsidiary pursuant to a Plan of Arrangement under the Business Corporations Act (British Columbia). The Arrangement will also include an agreed upon working capital amount to facilitate exploration activities at these projects.

Shareholders of record on June 30 2017 will be entitled to receive a distribution of shares in a new gold entity that will be listed on a Canadian stock exchange. Additional details regarding the Arrangement will be provided as they become available.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Dunnedin Earns 100 Percent Of Kahuna Project And Progresses Spin-Out

Mon, 01 May 2017 05:30:00 MDT

May 1, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today reported it has entered into a Letter Agreement (the “Agreement”) whereby it will accelerate its Option Agreement (the “Option”) payments and receive a 100% undivided interest in the Kahuna project, Nunavut.

Under the terms of the Agreement, Dunnedin will earn a 100% interest in the Kahuna project and in return pay the Kahuna project vendors Gary R. Thompson and Sorin Posescu (the “Vendors”) the remaining cash and shares required under the underlying Option. The Company will pay $350,000 and issue 4,400,000 common shares of the Company as follows:

-$100,000 upon signing

-4,400,000 common shares upon signing, and

-$250,000 upon completion of its next financing

Having signed the Agreement Dunnedin will now proceed with its intention to spin out its 100% owned Trapper gold-copper property located in the Sutlahine area of Northern British Columbia, along with rights to gold mineralization at its Kahuna diamond project, located in Nunavut. The project and rights will be spun out into a wholly-owned subsidiary (“SpinCo”), pursuant to a Plan of Arrangement (the “Arrangement”), under the Business Corporations Act (British Columbia). The Arrangement will also include an agreed upon working capital amount to facilitate exploration activities at these projects. The date of record for the Arrangement will be announced imminently.

The Plan of Arrangement is subject to TSX Venture Exchange, regulatory and court approval, and the approval of the Company’s shareholders at an annual general and special meeting to be held as soon as is practical. Pursuant to the arrangement, the common shares of SpinCo will be distributed to shareholders of the Company on a pro rata basis. The Company intends to apply for a listing of the shares of SpinCo on the TSX Venture Exchange. Any such listing will be subject to SpinCo fulfilling all of the requirements of the TSX Venture Exchange. There will be no change in shareholders’ holdings in Dunnedin as a result of the Arrangement.

The Kahuna project Vendors will retain Gross Overriding royalties on diamonds and Net Smelter Royalties on gold and other metals as per the underlying Option.

Exploration Update

The Company has received and is reviewing final diamond recovery results from its sampling of the PST kimberlite, which will be released upon completion of the QAQC review as soon as possible. Diamond indicator mineral results are also expected during May from the first prioritized till samples collected in 2016 across the Kahuna project. Further diamond indicator mineral results and gold results from till sampling will follow.

Results will guide the upcoming summer exploration program, which will include in-field follow-up on high priority diamond indicator mineral sources, drilling of these targets, sample site preparation in advance of bulk sampling of diamondiferous kimberlites, and follow-up on recently identified gold mineralization in bedrock and tills in advance of drilling.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in from two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm). The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasediment units.

Strong Gold Results And New Targets At Dunnedin's Trapper Project

Mon, 27 Mar 2017 05:30:00 MDT

March 27, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today announced results from exploration undertaken in October of 2016 designed to find additional gold zones at its 100% owned Trapper property. Trapper is a copper-gold porphyry project in northern British Columbia with results that include high grade visible gold flanking copper-mineralized porphyry in drill core, and gold drilled across 2.2 kilometres. Highlights of the current survey include:

-62 heavy mineral concentrate samples collected across 40 km of the project returned an average of 2.31 g/t (2,310 ppb) gold, with a range of 0 to 32.1 g/t (32,100 ppb) gold

-High gold values occur upslope from previously drilled gold zones, defining new gold targets or significant step-outs to known zones

“We’ve now identified two main areas of gold mineralization at Trapper,” said Chris Taylor, Dunnedin’s President and CEO. “The first contains high gold values across more than three kilometres, with most samples originating upslope from past drilling and containing gold that must originate from new, untested targets. This area generated strong gold values where drilled, and these new results suggest significant expansion potential. A second area has also now been identified with consistently high gold values across two kilometres. A drill hole completed within 500 metres of this target hit sulphide-rich porphyry style alteration, and the area was identified at that time as a priority for follow-up exploration.”

Table 1: Gold results from neutron activation testing of heavy mineral concentrates

Sample	Gold (ppb)	Sample	Gold (ppb)	Sample	Gold (ppb)	Sample	Gold (ppb)
KB001	715	KB016	< 5	KB031	1420	KB048	6410
KB002	1110	KB017	< 5	KB032	6080	KB049	11700
KB003	1000	KB018	104	KB033	6100	KB050	1500
KB004	6670	KB019	137	KB034	174	KB051	3080
KB005	< 5	KB020	792	KB035	676	KB052	689
KB006	9580	KB021	181	KB036	446	KB053	2140
KB007	179	KB022	< 5	KB037	6670	KB054	32100
KB008	12000	KB023	74	KB038	3940	KB055	705
KB009	538	KB024	583	KB039	< 5	KB056	302
KB010	144	KB025	747	KB040	721	KB057	7970
KB011	1850	KB026	238	KB041	92	KB058	170
KB012	< 5	KB027	109	KB042	< 5	KB059	378
KB013	109	KB028	111	KB045	< 5	KB060	< 5
KB014	225	KB029	279	KB046	1780	KB061	6690
KB015	237	KB030	1980	KB047	46	KB062	107

Figure 1: Terrain map showing gold results, past drilling and primary target areas

Click Image To View Full Size

Table 2: Highlighted gold results from drill collar locations provided in Figure 1.

Drill Hole		From (m)	To (m)	Width* (m)	Au (g/t)
TG-11-001		37.50	38.52	1.02	2.04
TG-11-004		105.41	117.00	11.59	1.18
TG-11-005		36.15	38.08	1.93	4.23
TG-11-006		27.74	37.86	10.12	1.09
TG-11-011		106.89	141.00	34.11	1.71
	including	106.89	107.30	0.41	92.80
	including	114.65	118.04	3.39	3.90
TG-11-013		250.03	255.03	5.00	1.39
TG-11-014		196.35	206.35	10.00	1.08
TG-11-018		88.00	93.00	5.00	1.78
TG-11-020		5.00	7.50	2.50	4.13
TG-11-038		122.50	137.50	15.00	1.68
	including	132.50	136.73	4.23	5.08
	and including	136.11	136.73	0.62	21.80
TG-11-039		67.50	97.50	30.00	1.01
	including	70.00	72.50	2.50	2.19
	including	77.50	80.00	2.50	2.98
	including	82.66	85.00	2.34	2.64
TG-11-040		132.50	160.00	27.50	1.19
TG-11-040		137.50	140.00	2.50	11.15

*Width represents core length and is not intended to reflect true width.

Two styles of mineralization have been drilled and mapped at Trapper. The first is gold-rich semi-massive sulphide stockwork that was the focus of drilling in 2011. This type of intermediate-sulphidation precious and base metal stockwork mineralization has been reported at many major porphyry deposits worldwide, typically overlying or flanking the primary copper porphyry centres. Intervals at Trapper include 34.11 m of 1.71 g/t gold, including 0.41 m of 92.80 g/t gold, and 27.50 m of 1.19 g/t gold, including 2.50 m of 11.15 g/t gold.

The second style of mineralization is copper-mineralized alkalic porphyry. Samples returning up to 0.57% copper in bedrock and 2.5% copper in float have been collected at Trapper including both bornite-chalcopyrite copper sulphide mineralization, and azurite-malachite copper oxide mineralization. These targets have not yet been directly targeted by drilling at Trapper, although copper-mineralized porphyry diking has been intersected in drill core, along with high-energy porphyry style hydrothermal breccias and porphyry style alteration.

The Company will next asses the gold grain content and mineralogy of the heavy mineral concentrates to characterize proximity to gold sources, and to map porphyry alteration and base metal zonation across the project. This will allow sample areas to be prioritized for follow-up exploration. Results will be released as work is completed.

During the 2016 program, gravel, sand and silt were collected from stream and talus sources across the project, and sieved to -20 mesh to produce a 10 kilogram concentrate from each sample site. Samples were further processed using various density and magnetic separation techniques at CF Mineral Research Ltd. of Kelowna, British Columbia, to produce heavy mineral concentrates. Each concentrate was partitioned into a sample sent for neutron activation assaying of gold content at Activation Laboratories Ltd. (“ActLabs”) of Ancaster, Ontario, from which the results in this release are provided, and a sample kept by the Company for further gold grain and mineral analysis.

The Company has also granted an aggregate of 325,000 stock options to consultants of the Company, exercisable at $0.37 per share for a period of five years.

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

Positive Determination From Nunavut Impact Review Board on Dunnedin's Kahuna Project

Thu, 02 Mar 2017 05:30:00 MST

March 2, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) is pleased to report that the Nunavut Impact Review Board (NIRB) has recommended acceptance of the Company’s proposed drilling and bulk sampling program at the Kahuna project, Nunavut, to the Honourable Carolyn Bennett, the Minister of Indigenous and Northern Affairs Canada. The proposed work will allow for drilling of a number of high priority kimberlite pipe and dike targets, as well as sufficient bulk sampling to assemble an approximately 1000 carat diamond valuation parcel.

In a Screening Decision Report dated February 28, 2017, the NIRB stated that Dunnedin’s project proposal “…is not likely to cause significant public concerns, and it is unlikely to result in significant adverse environmental and social impacts. The NIRB therefore recommends that the responsible Minister(s) accepts this Screening Decision Report.” Details of the Screening Report can be found at www.nirb.ca.

Details of program mobilization dates, specific targets to be tested, and a record date for a proposed spinout will be announced over the near term. The Company is anticipating analytical results from till samples collected in 2016 which will help guide exploration priorities.

“I would like to take this opportunity to thank members of the communities of Chesterfield Inlet and Rankin Inlet for their feedback and guidance of our upcoming work, and for their letters of support for the project,” said Chris Taylor, Dunnedin’s CEO. “We will ensure local consultation continues as we progress the Kahuna project and look forward to a strong cooperative relationship with both communities on an ongoing basis.”

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected during two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm), a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm), and a 144 kilogram sample of the Kahuna kimberlite that returned 13 macrodiamonds totalling 0.33 carats (+0.85 mm). The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasedimentary units including a recently defined greenstone belt with over 40 kilometres of strike length that is associated with elevated gold-in-till results.

Kahuna Kimberlite Sample Yields 2.32 Carats Per Tonne

Wed, 08 Feb 2017 05:30:00 MST

February 8, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today reported the Company’s first diamond recovery results from the Kahuna kimberlite. The 144.44 kg sample of Kahuna returned 13 commercial-sized stones (+0.85 mm) totalling 0.334 carats, for a sample grade of 2.32 carats per tonne. The largest recovered diamond was a 0.12 carat clear and colourless twinned octahedral stone. Results are provided in the table below.

Table 1: Diamonds recovered from the Kahuna kimberlite by Dunnedin

Sample

Weight in Dry Tonnes

Total

Number of Diamonds Recovered (+0.425 mm)

Total Carat

Weight (+0.85 mm)

Endecott Sieve Size (mm)

0.425

0.60

0.85

1.18

1.70

Sample Grade

(cpt)

Largest

Diamonds

(carats)

Kahuna

0.144

0.33

2.32

0.12, 0.09, 0.03

Figure 1: Commercial-sized diamonds (+0.85 mm) recovered from the Kahuna kimberlite

Click Image To View Full Size

Chris Taylor, Dunnedin’s CEO said, “The Kahuna kimberlite is a large target with a maiden Inferred Resource completed by Apex Geoscience Ltd. of over 3 million tonnes, and potential for an additional 3.7 to 10.7 million tonnes at a range of depths as per Apex’s Target for Further Exploration. Historical bulk sampling yielded 1.04 carats (+0.85 mm) per tonne, but audits to determine a final sample grade do not appear to have been completed by the past operator. With this latest sample returning 2.32 carats per tonne, the Company is strongly encouraged by the size and grade potential of this kimberlite, and we view bulk sampling to determine diamond value as a priority.”

Details of an Inferred Resource and Target for Further Exploration have been published for the Kahuna kimberlite, both of which were completed by APEX Geoscience Ltd. and are available as a National Instrument NI 43-101 technical report filed on the SEDAR website (www.sedar.com) on March 12, 2015. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The potential quantity and grade of any Target for Further Exploration is conceptual in nature, there is insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Most of the Kahuna diamonds recovered by Dunnedin are clear and colourless variants of octahedra.

The Kahuna sample was treated through an autogenous mill-fusion circuit located at CF Mineral Research Ltd. of Kelowna, British Columbia, using a lower size cut-off of 0.425 mm. Unlike standard DMS recovery methods, the circuit can recover nearly all diamonds present in a kimberlite sample to the predetermined cut-off size, along with associated indicator minerals.

About the Kahuna Kimberlite

-Near vertical high grade kimberlite dike that extends to surface with over 4.5 kilometres of drill-defined strike length and remains open to extension along strike and at depth

-Defines the northernmost drilled portion of a 20+ kilometre strike length kimberlite-intruded structure that also contains the Notch kimberlite dike; over 2,500 m of historical drilling and 360 tonnes of historical bulk sampling have been completed at Kahuna

Historical and current samples were taken at the same locations or within metres of each other

-Most historical drilling is within 80 to 120 metres of surface, however some deeper drill holes were completed and also intersected the kimberlite more than 200 m vertically from surface, indicating continuity to depth where tested

-Width reported as generally between 2 and 4 m, with an average of 3.2 m, and an average density of 1.99 t/m

Dunnedin also recently announced that the Kahuna, Notch, PST and other kimberlites are emplaced within gold-mineralized metasediment belts that have historically reported gold in drill core, as well as pristine, locally-sourced gold grains in tills across a broad area contiguous with Agnico Eagle Mines Ltd.’s (TSE: AEM) development-stage Meliadine gold project (see news release, January 31, 2017) .

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected during two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm), a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm), and a 144 kilogram sample of the Kahuna kimberlite that returned 13 macrodiamonds totalling 0.33 carats (+0.85 mm). The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasedimentary units including a recently defined greenstone belt with over 40 kilometres of strike length that is associated with elevated gold-in-till results.

A Large New Gold Belt at The Kahuna Diamond Project

Tue, 31 Jan 2017 05:30:00 MST

January 31, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) is pleased to report the identification of a large gold-bearing greenstone belt at the Kahuna project. High gold-in-till counts including pristine gold grains suggesting local bedrock sources of gold are present along a sampled length of over 40 kilometres immediately adjacent to Agnico Eagle Mines Ltd.’s (TSE: AEM, “Agnico”) development-stage Meliadine gold project.

Figure 1: Gold grain counts across the Kahuna project based on historical till sampling and recent work by Dunnedin. Gold-in-till results are also provided for the Meliadine project based on publicly available information released by the Geological Survey of Canada (GSC). There is a strong association between gold-in-tills and bedrock gold zones at Meliadine.

Click Image To View Full Size

Chris Taylor, Dunnedin’s CEO, said, “We have identified a large gold-mineralized belt tying onto Agnico’s Meliadine gold trend. Results suggest gold is preferentially associated with internal fold hinges within the belt. This pattern is observed at Meliadine, and points to several targets requiring follow up till sampling and drilling at Kahuna. The area is known for hosting large, high grade gold deposits at the Meliadine project, and we are very encouraged that gold is confirmed to be associated with multiple belts across Kahuna.”

Details of Current Gold-in-Till Results

-Data was acquired through a purchase announced on December 14, 2016

-Disclosed results are from 347 till samples collected adjacent to the Meliadine property

-Results are from a reconnaissance scale till sampling program with average sample spacing of over 1 kilometre, designed to test a broad area for gold

-Average of 7.8 gold grains per sample, with a maximum value of 83 grains

-Pristine gold grains observed in 114 of 347 samples, with a maximum value of 21 pristine grains, suggesting proximal bedrock sources to 33% of samples

-Spatial association between gold concentration in till samples and proximity to fold hinges as delineated through geophysics

-Gold noted in 316 of 347 (91%) samples

Locally sourced coarse gold was also confirmed through till sampling by Dunnedin at the main fold hinge of this belt in the vicinity of the PST and Notch diamond-bearing kimberlites, as shown in Figure 2. The glacial transport direction and lack of grain modification point to sources at the Kahuna project rather than Meliadine, as disclosed by Dunnedin on October 17, 2016. With its folded geometry, the new belt has an aggregate strike length of approximately 42 kilometres at Kahuna.

Click Image To View Full Size

Additional Gold Results

The newly defined greenstone belt has not yet been drilled; gold results described below are from additional gold-mineralized metasediment belts at Kahuna. Four additional gold-bearing belts have been confirmed at the project to date through historical drilling and bedrock and till sampling, as described below and on Figure 1.

Gold encountered in historic drilling was largely incidental during diamond exploration, however six drill holes were assayed for gold and returned values as shown in Table 1. Not all prospective drill intervals showing sulphide mineralization were assayed, however results are sufficient to confirm the presence of gold in bedrock of similar style to that observed at Meliadine. Visible gold was noted in one of six drill holes at Kahuna and is also observed at Meliadine.

Table 1: Historic gold results from diamond exploration drill holes

Hole Number		From (m)	To (m)	Width (m)*	Au (g/t)
04KD479-01		44.45	45.10	0.65	2.52
06KCF-01a		29.00	30.21	1.21	4.22
06KCF-01a	including	29.52	30.21	0.69	7.24
04KD479-01		20.80	21.10	0.30	2.04
06KCF-01a		26.30	27.05	0.75	0.17
06KCF-01a	and	32.24	33.24	1.00	0.24
06KD467-02		32.00	32.62	0.62	0.26
06KD467-02	and	43.60	44.47	0.87	0.50
05KD6001-01		19.00	23.30	4.30	0.19

*width of the sample represents core length and not true width. Historical drill hole results were obtained from various SEDAR filings of news releases and reports by past explorers including the Hunter Exploration Group.

97 rock samples collected across the property also returned between 0.05 and 2.52 g/t gold. Till sampling confirmed gold-in-tills adjacent to areas with gold-in-bedrock samples, and in other areas. Gold has been mapped as being associated with magnetically responsive formations that have been described as metasediment belts and regionally significant, deep seated shear zones.

84 of 129 (65%) till samples collected by Dunnedin in 2015 also returned gold results through neutron activation analysis of heavy mineral concentrates collected during diamond exploration, with subsequent confirmation of gold grains as shown in Figure 2.

Upcoming Gold Results

Over 1,100 till samples collected in summer 2016 across 600 square kilometres of the 1,200 square kilometre Kahuna project are being processed for diamond indicator mineral content and gold grain content at CF Mineral Research Ltd. in Kelowna, British Columbia.

Dunnedin plans to pursue further gold exploration through a spinout company as announced on November 23, 2016 and is currently finalizing plans related to this announcement.

Note on Adjacent Gold Projects

Agnico’s Meliadine project has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015. There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

NxGold Ltd. (TSX-V: NXN) is exploring the Peter Lake project, also adjacent to Meliadine, and recently announced a $35+ million earn-in deal for a 70% interest in a 4,174 hectare (42 square kilometre) land package, and raised $4.9 million for exploration in the area.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected during two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm). The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasedimentary units including a recently defined greenstone belt with over 40 kilometres of strike length that is associated with elevated gold-in-till results.

Notch Kimberlite Yields Additional High Quality Commerical-Sized Diamonds

Wed, 18 Jan 2017 05:30:00 MST

Vancouver, BC, Canada / TheNewswire / January 18, 2017 – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) is pleased to report additional diamond recoveries from the Notch kimberlite. A third, 43.78 kg sample of Notch returned 4 commercial-sized stones (+0.85 mm) totalling 0.43 carats, for a sample grade of 9.72 carats per tonne. The largest recovered diamond was a 0.16 carat clear and colourless elongated octahedron. Results are provided in the table below along with Dunnedin’s previous results, and an image of the largest diamond.

Table 1: Diamonds recovered from the Notch kimberlite

Sample	Weight in Dry Tonnes	Total Number of Diamonds Recovered (+0.425 mm)	Total Carat Weight (+0.85 mm)	Endecott Sieve Size (mm)
Sample	Weight in Dry Tonnes	Total Number of Diamonds Recovered (+0.425 mm)	Total Carat Weight (+0.85 mm)	0.425	0.60	0.85	1.18	1.70	2.36	Sample Grade (cpt)	Largest Diamonds (carats)
Notch 1	1.02	278	0.66	175	67	26	8	2	0	0.65	0.10, 0.08, 0.05
Notch 2	1.30	318	1.29	179	90	33	11	3	2	0.99	0.23, 0.17, 0.09
Notch 3	0.04	9	0.43	5	0	2	0	2	0	9.72	0.16, 0.08, 0.01
TOTAL	2.36	605	2.38	359	157	61	19	7	2	1.01	-

Figure 1: Image of the largest diamond recovered from the third Notch sample.

Click Image To View Full Size

Chris Taylor, Dunnedin’s CEO, said, “Dunnedin has three main diamond exploration goals for 2017. First, we aim to define 10 million carats of Inferred Resource at an average grade of more than 1.0 carat per tonne through additional drilling of the Kahuna and Notch kimberlites. Second, we plan to bulk sample the Kahuna, Notch and PST kimberlites to assemble a package of commercial sized diamonds for valuation purposes. Third, we plan to drill a number of new diamond indicator mineral sources that have been identified through till analysis which may represent new diamond-bearing kimberlite pipes and dikes.”

Current Notch results are from a sample randomly partitioned for additional geochemical study, which was visually similar to other samples of Notch, despite the very high sample grade. Most of the Notch diamonds recovered by Dunnedin are clear and colourless variants of octahedra. The Notch sample was treated through an autogenous mill-fusion circuit located at CF Mineral Research Ltd. of Kelowna, British Columbia, using a lower size cut-off of 0.425 mm. Unlike standard DMS recovery methods, the circuit can recover nearly all diamonds present in a kimberlite to the predetermined cut-off size, along with associated indicator minerals.

The Company has also granted an aggregate of 1,260,000 stock options to directors, advisors and consultants of the Company, exercisable at $0.21 per share for a period of five years.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected during two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm). The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasedimentary units.

Dunnedin Raises $1.1 Million

Tue, 03 Jan 2017 05:00:00 MST

January 3, 2017 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today announced it has received gross proceeds of $1,119,031 from a combination of warrant exercise and flow through financing.

Through a warrant acceleration program announced in November 2016, as well as receipt of other exercised common share purchase warrants, the Company has received gross proceeds of $734,031 and has issued 7,343,307 common shares. All accelerated $0.10 warrants were exercised by warrant holders.

The Company also announces it has closed a $385,000 flow-through financing on December 30, 2016. The Company issued 1,750,000 flow-through common shares in its capital stock at a price of $0.22 per flow-through share. Proceeds from the flow-through offering will be used to finance qualified Canadian exploration expenditures (CEE) work primarily related to the Company's Kahuna project in Nunavut.

In connection with closing of the placement, the Company paid fees of $30,800 and issued 140,000 warrants to finders who introduced subscribers to the Company. Each warrant is exercisable to acquire one non-flow-through share at a price of $0.22 per share for a period of thirty-six months. All securities issued in connection with the placement are subject to a four-month-and-one-day statutory hold period.

“Dunnedin is entering 2017 strongly positioned to benefit shareholders through ongoing exploration at the Kahuna project,” said Chris Taylor, Dunnedin’s CEO. “We are currently working with management and counsel to determine the mechanics and timing of the previously announced spinout of our gold and copper assets, and will update shareholders as information becomes available. Review of our recently purchased Kahuna project data set is also underway and results will be released as analyses are completed.”

About the Kahuna Project

Dunnedin Ventures’ primary asset is the 1,200 square kilometre Kahuna project, an advanced stage high grade diamond and gold property located near Rankin Inlet, Nunavut, where Dunnedin is earning a 100% interest. The Company anticipates beginning a drilling and bulk sampling program in 2017 that will test potential extensions to its existing Inferred Resources of over 4 million carats of diamonds (see Dunnedin news release of January 26, 2015), assemble a valuation parcel of approximately 1,000 carats of commercial-sized diamonds, and test a number of newly defined high priority kimberlite targets that may host additional diamond sources.

The Kahuna project is located adjacent to Agnico Eagle Mines Ltd.’s (TSE: AEM) Meliadine gold project and the Peter Lake gold project of NxGold Ltd. (TSX-V: NXN). Gold results at Kahuna include visible gold in drill core, gold mineralization in the strike extension of the Meliadine host stratigraphy, and new gold-in-till targets proximal to diamond-bearing kimberlites. Agnico’s Meliadine project has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015. There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

Dunnedin Purchases Extensive Diamond And Gold Data Set For Kahuna

Wed, 14 Dec 2016 05:00:00 MST

December 14, 2016 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today announced it has agreed to purchase a comprehensive proprietary data set consisting of historic diamond and gold exploration results from the Kahuna project, Nunavut.

The data set compiles approximately $25,000,000 of historical spending in the project area undertaken by multiple exploration groups and is being purchased from a private vendor. Included are gold-in-till results from land recently staked by Dunnedin immediately adjacent to Agnico Eagle Mines Ltd.’s (TSE: AEM) Meliadine project, the results of which are now being analyzed by the Company. The data also includes more than 10,000 microprobe analyzed kimberlite indicator mineral results, various geophysical survey results covering several hundred square kilometres, multi-element geochemistry from diamond and gold exploration, and drill logs from past diamond and gold exploration.

“We expect this data to materially aid the Company’s 2017 exploration program at our recently expanded Kahuna project,” said Chris Taylor, Dunnedin’s CEO. “The information will significantly reduce both time and money spent on exploration, and most importantly, increase our potential for making additional discoveries in an area that uniquely hosts both diamonds and gold.”

About the Kahuna Project

The Kahuna project is located adjacent to Agnico Eagle’s Meliadine gold project and the Peter Lake gold project of NxGold Ltd. (TSX-V: NXN). Gold results at Kahuna include visible gold in drill core, gold mineralization in the strike extension of the Meliadine host stratigraphy, and new gold-in-till targets proximal to diamond-bearing kimberlites. Agnico’s Meliadine project has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015. There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

Dunnedin Doubles Area Of Kahuna Project

Wed, 07 Dec 2016 05:00:00 MST

December 7, 2016 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today announced it has increased the size of the Kahuna diamond project by staking an additional 59 claims totaling 66,047 hectares. The project is now approximately 120,000 hectares (1,200 square kilometres) in size. The Kahuna project now consists of:

-Over 100 interpreted kimberlite pipe targets, 50 of which are currently being screened for down-ice diamond indicator mineral (“DIM”) chemistry from till sampling;

-Over 200 kilometres of aggregate strike length of a kimberlite-intruded structural network including 10 drill-proven diamond bearing kimberlite dikes with sample grades ranging from 0.66 to 6.5 carats (+0.85 mm) per tonne, and;

-Five confirmed gold-bearing metasediment belts with approximately 190 kilometres of aggregate strike length, including drill-confirmed gold in an extension of the Aqpik and Aklak host stratigraphy held by Agnico Eagle Mines Ltd. (TSE: AEM, “Agnico”) on the Meliadine property.

The Company notes an increasing level of exploration and development activity in the Kahuna and Meliadine project area, with Agnico recently entering into mineral exploration agreements extending their land position into areas of Inuit-owned subsurface rights adjacent to Dunnedin’s claims. Most recently, NxGold Ltd. (TSX-V: NXN, “NxGold”) announced a $35+ million earn-in deal for a 70% interest in a 8,473 hectare (85 square kilometre) land package adjacent to the Meliadine claims. An updated claims map is provided below in Figure 1.

As previously announced (see Dunnedin news release of November 23, 2016), Dunnedin intends to undertake a plan of arrangement to spin out its gold and copper assets, consisting of the gold rights at the Kahuna project in Nunavut and its Trapper copper-gold porphyry property in British Columbia. Further information including a date of record will be provided when details are available.

About the Kahuna Project

Figure 1: Kahuna project land position December 2016 showing gold zones on adjacent claims and drill-confirmed diamond bearing kimberlites at Kahuna.

Click Image To View Full Size

An Inferred Resource released by Dunnedin (see Dunnedin news release of January 26, 2015) identified over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne along the partial strike length of the Kahuna and Notch kimberlites through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was part of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats.

The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. and has also yielded gold results, including visible gold in drill core, gold mineralization in the strike extension of the Meliadine host stratigraphy, and new gold-in-till targets proximal to diamond-bearing kimberlites. Agnico’s Meliadine project has approximately 14.5 million tonnes of Proven and Probable Reserves grading 7.32 g/t gold, containing 3.4 million ounces of gold as of December 31, 2015. There is an additional Indicated Resource of 20.7 million tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of 14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source: www.agnicoeagle.com).

On December 6, 2016, the Company granted 150,000 Options to a Consultant of the Company. The Options are exercisable at a price of $0.195 per share for a period of two years from the date of grant. The Options were granted pursuant to the Company's shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

Dunnedin Announces Warrant Acceleration Program And Intention To Spin Out Gold And Copper Assets

Wed, 23 Nov 2016 05:00:00 MST

November 23, 2016 / TheNewswire.ca / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) announces:

-The intention to undertake a statutory plan of arrangement, pursuant to which the Company will spin-out its existing gold and copper assets into a new subsidiary and distribute the shares of the subsidiary pro rata to the shareholders of the Company.

-The acceleration of the expiry of 6,078,000 common share purchase warrants and 249,076 finders’ warrants issued on February 9, 2016, and exercisable at price of $0.10 per common share. The expiry date is accelerated to Friday, December 23, 2016. Assuming all of the warrants are exercised, the Company will receive gross proceeds of approximately $632,708.

Additional details of the proposed transactions are provided below.

“Dunnedin management is confident that the diamond assets at Kahuna will create significant value for shareholders,” said Chris Taylor, Chief Executive Officer of Dunnedin, “However, there is additional untapped value in gold and copper within the Company that we can unlock with a spin out.

“The recent identification of widespread gold mineralization at Kahuna, contiguous with Agnico Eagle Mines Ltd.’s (TSE: AEM) Meliadine project, plus excellent gold-copper porphyry results at our 100% owned Trapper project, warrant an additional focus on these metals. We believe that separate corporate vehicles for diamond and metal assets will yield the best long-term value to shareholders.”

Intention to Undertake a Plan of Arrangement

The Company intends to spin out its 100% owned Trapper gold-copper property located in the Sutlahine area of Northern British Columbia, along with rights to gold mineralization at its Kahuna diamond project, located in Nunavut, into a wholly-owned subsidiary (“SpinCo”), pursuant to a plan of arrangement (the “Arrangement”), under the Business Corporations Act (British Columbia). The Arrangement will also include an agreed upon working capital amount to facilitate exploration activities at these projects.

The Arrangement will be subject to TSX Venture Exchange, regulatory and court approval, the approval of the Company’s shareholders at an annual general and special meeting to be held in early 2017, as well as at management’s continued discretion. Pursuant to the arrangement, all of the common shares of SpinCo will be distributed to shareholders of the Company on a pro rata basis. The Company intends to apply for a listing of the shares of SpinCo on the TSX Venture Exchange. Any such listing will be subject to SpinCo fulfilling all of the requirements of the TSX Venture Exchange. There will be no change in shareholders’ holdings in Dunnedin as a result of the Arrangement. Additional details regarding the Arrangement, as a well as the proposed record date, will be provided as they become available.

Acceleration of Warrant Expiry

The Company also hereby gives notice that it has triggered the accelerated expiry of 6,078,000 common share purchase warrants and 249,076 finders’ warrants issued in connection with a private placement closed on February 9, 2016. Each warrant and finders warrant is exercisable at a price of $0.10 per common share for a period of two years. Pursuant to the warrant terms, the expiry date is now accelerated to Friday, December 23, 2016. Any remaining unexercised warrants will be cancelled after the accelerated expiry date. Assuming that all the warrants are exercised, the Company will receive proceeds of approximately $632,708 and will issue 6,327,076 common shares.

About Dunnedin Ventures

Dunnedin Ventures’ primary asset is the Kahuna project, an advanced stage high grade diamond property located near Rankin Inlet, Nunavut, where Dunnedin is earning a 100% interest. Dunnedin is recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in summer 2015, and has completed a 1100 till sample program in summer 2016. The Company anticipates beginning a drilling and bulk sampling program in 2017 that will test potential extensions to recently published Inferred Resources, assemble a valuation parcel of approximately 1000 carats of commercial-sized diamonds, and test a number of newly defined high priority kimberlite targets that have yielded attractive populations of diamond indicator minerals.

An Inferred Resource released by Dunnedin (see Dunnedin news release of January 26, 2015) showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlites through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats.

Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.32 tonne sample of the Notch kimberlite which returned 85 macrodiamonds totalling 1.95 carats (+0.85 mm). The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. and has also yielded gold results, including visible gold in drill core, gold mineralization in the strike extension of the Meliadine host stratigraphy, and new gold-in-till targets proximal to diamond-bearing kimberlites.

Dunnedin’s second asset is its 100% owned Trapper project located in the Sutlahine area of northern British Columbia. The property consists of a 40 square kilometre land package adjacent to Brixton Metals Corp.’s (TSX-V: BBB) Thorn property and overlying a copper-gold porphyry system. A 42 hole reconnaissance drill program completed in 2011 intersected a gold-rich polymetallic semi massive sulphide stockwork across 2.2 kilometres of strike that remains open to extension, surrounding an interpreted copper porphyry centre of over 6 kilometres in diameter. Drill results included visible gold flanking copper porphyry in drill core returning 34.11 m of 1.71 g/t gold. Undrilled surface copper porphyry zones have also been mapped and sampled, returning up to 0.57% copper in bedrock and 2.5% copper in float.

Mr. R. Bob Singh, P.Geo., Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

Gold And Diamonds At The Kahuna Project

Mon, 17 Oct 2016 06:30:00 MDT

October 17, 2016 / TheNewswire / Vancouver, BC, Canada. – Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today reports gold-in-till results from its 2015 diamond exploration program, and provides a compilation of historical gold exploration results at the Kahuna project, Nunavut.

“While Dunnedin will remain focused on advancing our compelling diamond assets at Kahuna, we have also identified widespread gold mineralization,” said Chris Taylor, Dunnedin’s CEO, “This is not surprising given the proximity to the Meliadine project of Agnico Eagle Mines Ltd. and the geology shared by both properties. The identification of gold proximal to our diamond resources and adjacent to one of Canada’s best new development stage gold mines could yield unique synergies between diamond and gold exploration at Kahuna.”

Highlights of results include:

-Gold results in tills, bedrock and historical drill core define multiple targets across the property.

-Gold was found through neutron activation analysis of heavy mineral concentrates in 84 of 129 (65%) till samples collected by Dunnedin in 2015.

-Mineral concentrates that returned gold values were confirmed to contain coarse gold grains. Grains were evaluated for transport characteristics, and have fragile textures suggesting local bedrock sources.

-Metasediment belts including that hosting gold at Meliadine have been repeated through regional folding and on-strike extensions at Kahuna, where they also host gold.

-97 mineralized historical grab samples returning between 0.05 g/t and 2.52 g/t gold were collected across four metasediment and structural zones.

-Historical drilling targeting kimberlite encountered visible gold returning 7.24 g/t gold over 0.68 m along the strike extension of Agnico’s Aklak and Aquik Gold Zones of the adjacent Meliadine property; host rock was mineralized banded iron formation of similar type to that observed at Meliadine.

-One area of strong gold-in-till concentration occurs at the 10km hinge domain of a previously un-tested folded metasediment belt where a number of diamond-bearing kimberlites including PST, Notch and 07KD-24 are also located, suggesting proximal bedrock sources of gold and diamonds.

Figure 1: Gold-in-till results showing diamond-bearing kimberlite bulk sample locations and the locations of gold mineralized zones at Meliadine.

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Gold-in-till results are provided in Figure 1. Dunnedin submitted heavy mineral concentrates from its 2015 till survey to Activation Laboratories Ltd. (“ActLabs”) of Ancaster, Ontario, for neutron activation testing, an assay technique that preserves the mineral samples. 129 samples were sent for analysis, of which 84 (65%) returned greater than 50 ppb gold and are considered anomalous, and 12 samples (9%) returned greater than 1000 ppb gold with a high of 5930 ppb gold. Table 1 includes a description of coarse gold grains identified to date from these samples. Gold grain recovery is ongoing, and additional grains are expected to be recovered once mineral concentrates are returned from ActLabs and can also be screened.

The identification of gold at the hinge of a folded metasediment belt suggests structurally-controlled gold mineralization similar in style to many Archean sediment/greenstone hosted gold deposits such as Meliadine (NU), Lupin (NU), and Musslewhite (ON) may also be present at Kahuna. This hinge domain also hosts several known diamond-bearing kimberlites including those from which diamond recoveries have recently been reported (see Dunnedin news releases of November 12, 2015 and September 6, 2016). Of note, diamond indicator mineral results from these same till samples also point to potential extensions to known kimberlites, and additional kimberlite pipe and dike targets that are prospective for diamonds (see Dunnedin news release of July 25, 2016).

Table 1: Description of gold grains recovered to date with neutron activation sample grade provided

Sample	Au (ppb)	# Gold Grains	Description
1751334	950	1	Overall the grain exhibits some fragile features, is ranked between modified and reshaped
1751344	1680	2	Features suggest derivation from a primary source, overall the grain is not proximal, but not greatly reshaped.
1751319	1280	1	Solid surface texture with euhedral inclusion that appears to be a primary mineral intergrown with the gold. Texture and shape suggest modified to pristine, a proximal gold grain.
1751344	1680	2	Somewhat spongy texture but with blocky features , suggesting a pristine to modified ranking.

The folded metasediment belt associated with this gold has a geophysically interpreted strike length of 16 kilometres. The interpreted source area covers approximately 4.3 kilometres of strike, corresponding to the folded hinge of the belt, while the remaining 11.7 kilometres of the prospective formation was staked by Dunnedin earlier in 2016. First pass wide spaced till sampling has already been completed on the strike extension of this belt during Dunnedin’s recent 1,111 sample 2016 till program.

Historic Gold Results (2005 – 2009)

Historic results retrieved from publicly available data include gold analysis for 338 till samples, 97 rock samples and re-sampling of 10 drill holes. Drill holes were originally completed to explore kimberlite targets. Gold encountered in this drilling was incidental, and assays for gold were collected sporadically. Nonetheless, gold was reported in six drill holes as shown in Table 2.

Table 2: Historic gold results from diamond exploration drill holes

Hole Number		From (m)	To (m)	Width (m)*	Au (g/t)
04KD479-01		44.45	45.10	0.65	2.52
06KCF-01a		29.00	30.21	1.21	4.22
06KCF-01a	including	29.52	30.21	0.69	7.24
04KD479-01		20.80	21.10	0.30	2.04
06KCF-01a		26.30	27.05	0.75	0.17
06KCF-01a	and	32.24	33.24	1.00	0.24
06KD467-02		32.00	32.62	0.62	0.26
06KD467-02	and	43.60	44.47	0.87	0.50
05KD6001-01		19.00	23.30	4.30	0.19

97 rock samples collected across the property returned between 0.05 and 2.52 g/t gold. Gold is associated with magnetically responsive formations that have been mapped as metasediment belts and regionally significant, deep seated shear zones. Historic tills yielded anomalous gold values down-ice from gold-in-bedrock mineralization as confirmed through later sampling and drilling. The aggregate strike length of these gold-hosting formations is approximately 80 kilometres on the Kahuna claims.

Other Updates

The Company also reports that in recent discussions with local government in both Rankin Inlet and Chesterfield Inlet, plans were provided to Dunnedin for an all season access trail that is currently under construction by local authorities from Chesterfield Inlet to within a few kilometres of the Kahuna kimberlite, where Dunnedin has published an Inferred diamond Resource (see Dunnedin news release of January 26, 2015). Approximately 35 kilometres of trail have been completed to date, with full completion expected by approximately 2020. Dunnedin has pledged $25,000 to the Chesterfield Inlet town council towards transport of a bridge span from Rankin Inlet to Chesterfield Inlet during winter 2016 which will complete a crossing on the trail.

Long-term plans were also provided to the Company of a proposed route connecting the current all-season Meliadine mine access road to the trail under construction from Chesterfield Inlet. The proposed route would connect the two communities, and would pass within a few kilometres of most known kimberlite occurrences at the Kahuna project.

The Company also wishes to announce the addition of Mr. Sorin Posescu, P.Geo, to its board of directors. Mr. Posescu, an exploration geologist with over 20 years of experience across North America and Europe, is one of the underlying vendors of the Kahuna project. Mr. Posescu is an expert in geological modeling and precious metals exploration, with a strong background in strategic corporate development and property assessment. Mr. Posescu is also Vice President, Exploration of Brixton Metals Corp. (TSX-V: BBB).

Note on Meliadine

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 778-327-5799, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut, where Dunnedin is earning a 100% interest. Dunnedin is recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in summer 2015, and has completed a 1100 till sample program in summer 2016. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.32 tonne sample of the Notch kimberlite which returned 85 macrodiamonds totalling 1.95 carats (+0.85 mm). The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd. and has also yielded gold results, including visible gold in drill core, gold mineralization in the strike extension of the Meliadine host stratigraphy, and new gold-in-till targets proximal to diamond-bearing kimberlites.

Note on Gold-in-Till Results

Till sampling completed at Meliadine by the Geological Survey of Canada studied gold-in-till results across the Meliadine Trend. Results from the GSC’s neutron activation assays of heavy mineral concentrates from Meliadine are provided in Figure 1. Pristine to dominantly re-shaped gold grains occur proximal to the known gold zones, and the up-ice termination of gold-in-till trains and bedrock gold sources are highly correlated. The report concludes “Basal Till over much of the Meliadine Trend is an appropriate sampling medium for gold prospecting. Till is abundant and locally derived and its provenance reflects a clear southeasterly direction of glacial transport”. As the Kahuna project is immediately adjacent to Meliadine, use of till sampling to track gold-in-bedrock sources is expected to be similarly effective.

The heavy mineral recovery circuit employed by Dunnedin was designed for diamond indicator mineral recoveries and only recovers coarse gold with a diameter exceeding 0.425 mm. Most gold-in-till exploration programs also recover much smaller gold grains (down to 0.001 mm; 425 times smaller than the smallest grains recovered by Dunnedin). For example, reports by the GSC at Meliadine determined 92% of recovered gold grains were less than 0.006 mm in diameter, and would not have been recovered by Dunnedin. As such, Dunnedin’s grain counts from the 2015 till sampling program are expected to be proportionately lower, however the coarser gold that is recovered is anticipated to be more reflective of proximal bedrock source and provides a valuable exploration tool.