Appointment to the Board of Directors of DundeeWealth(TM)

    TORONTO, Aug. 7 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX: DW) and
its Board of Directors (the "Board") are pleased to announce the appointment
of Mr. Harold "Sonny" P. Gordon to the Board.
    Mr. Gordon is the Chairman and a director of Dundee Corporation and also
serves on the boards of Dorel Industries Inc., Pethealth Inc.,
Transcontinental Inc., SFK Pulp Fund and is the Chairman and a director of the
Sauvé Scholars Foundation.

    About DundeeWealth Inc.

    DundeeWealth is a Canadian owned, independent wealth management company
that oversees $61.1 billion in assets under management and administration. It
provides diversified wealth management and investment solutions including
alternative and tax-advantaged products, capital markets and advisory services
to financial advisors, institutions, corporations and foundations, and
innovative wealth management through independent financial advisors across
Canada. Its award winning investment brand, Dynamic Funds, managed by Goodman
& Company, Investment Counsel Ltd., is also available outside of Canada
through distribution platforms in Europe and the United States. DundeeWealth
is listed on the Toronto Stock Exchange (TSX: DW).

For further information:

For further information: Myra Reisler, Manager, Public Affairs,
DundeeWealth Inc., (416) 365-5370

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