Vancouver, British Columbia--(Newsfile Corp. - February 22, 2018) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced it has identified a cluster of new, potentially diamond-bearing kimberlite targets in the south-central portion of its 100% owned Kahuna Diamond Property, Nunavut.

The Company also reports that it is on schedule to begin its upcoming drill program in March 2018, which is expected to run through late winter into May. The drill program will test 10 to 15 kimberlite targets and will focus on circular geophysical pipe-like responses supported by high quality Diamond Indicator Minerals ("DIMs") in till immediately down-ice. Dunnedin's work continues to highlight clusters of priority targets across the Kahuna Property by using unique mineral screening protocols and classification employed by C.F. Mineral Research Ltd. and Dr. Chuck Fipke. The 2018 drill program is fully funded and the Company is currently working with local stakeholders and contractors to finalize operational plans.

Dunnedin's work to date has highlighted five separate priority areas with drill-ready targets. These prospective areas already host the inferred diamond resource at Kahuna-Notch, plus other diamond-bearing bedrock sources identified by historic work. The Company has now identified a sixth and new area from 392 high priority sample results that are part of a suite of over 3,000 till samples collected during summer 2017. Preliminary results define a three kilometre by two kilometre area of diamond-associated mineral chemistry in till, southeast of the high-grade PST kimberlite. This new area is also characterized by a cluster of circular geophysical targets consistent with kimberlite pipes. No historic drilling or trenching has been reported in this new area and specific targets will be drill-tested by Dunnedin as part of the upcoming program.

Chris Taylor, Dunnedin's CEO said, "We are excited to add a sixth new area to our drill plans for 2018. With clusters of geophysical targets having indicator mineral chemistry similar to, or better than known diamond-bearing kimberlites on the property, we believe that our six priority areas have the potential to deliver the first-ever significantly diamond bearing kimberlite pipes at Kahuna."

A map showing the six high priority target areas and the focus of Dunnedin's 2018 drill program is provided as Figure 1 below.