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Frank Pembleton

08/13/03 7:02 PM

#30 RE: Ed Monton #29

I guess the analyst visit went well in Nunavut...

Regards,
Michael....................


Dundee Wealth Management Inc.: Acquisition Of Shares Of Cumberland Resources Ltd.
CCNMatthews
TORONTO, ONTARIO--In accordance with regulatory requirements, Dundee Wealth Management Inc. (DW- TSX) ("Dundee Wealth") announces that accounts managed by Dynamic Mutual Funds Ltd., a subsidiary of Dundee Wealth, acquired 479,100 common shares of Cumberland Resources Ltd. ("Cumberland") at $3.31 per share on the Toronto Stock Exchange. This represents an approximate 1.2% interest in Cumberland.


FOR FURTHER INFORMATION PLEASE CONTACT:

Dundee Wealth Management Inc.
Daniella E. Dimitrov
Vice President and General Counsel
(416) 365-2426