TORONTO: Sentry Select Capital Corp. is pleased to announce that Precious Metals and Mining Trust’s distribution for October 2006 will be increased to $0.05 per unit, up from $0.0417 per unit in previous months. The distribution will be paid on November 15, 2006 to unitholders of record on October 31, 2006. The increase is a result of net realized and anticipated capital gains in the portfolio, which will be distributed to unitholders through the remainder of the year.

Precious Metals and Mining Trust: Precious Metals and Mining Trust is a closed-end trust that aims to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust invests in an actively managed portfolio consisting primarily of equity securities of metals and minerals mining and exploration issuers listed on a North American stock exchange.

Distribution reinvestment plan: The Trust offers a distribution reinvestment plan whereby residents of Canada may elect to have their cash distributions reinvested in additional units of the Trust.

Future distributions: The distribution is based upon the current make-up of the Trust’s portfolio. If the make-up of the portfolio changes, the distributions could change.

Website: To find out more about the Trust, including portfolio holdings, net asset values and investment objectives, please go to www.sentryselect.com.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 17 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. As of September 30, 2006, the firm had approximately $8.5 billion in gross assets under management.

More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries)
Tel: 1-888-246-6656 Fax: 416-364-1197 info@sentryselect.com www.sentryselect.com