Dundee Wealth Management Inc. announced today that through its subsidiary CMP 2002 Resource Limited Partnership, and together with Dynamic QSSP Series 2002, it has acquired 1,200,000 units of Normabec Mining Resources Ltd.

The units were purchased by CMP 2002 and QSSP at a price of $0.25 each. Each unit consists of one common share and one-half of a share purchase warrant. Each whole share purchase warrant will be exercisable into one common share of Normabec at $0.30 each until July 16, 2004.

Dundee Wealth and its subsidiaries now holds a total of 1,723,000 common shares and 900,000 warrants of Normabec which represent an approximate 12.3% interest on a partially diluted basis.