TORONTO: Sentry Select Capital Corp. (“Sentry Select”) is pleased to announce the launch of Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 8 and 9, Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 8 and 9 and Bank of Montreal Sentry Select Canadian Income Deposit Notes, Total Return Class, Series 3 and 4 (the “Notes”).

Fund portfolio: The Notes are deposit notes, issued by Bank of Montreal. The performance of the Notes is based on the appreciation of a basket comprised of (i) Fund Portfolio managed by Sandy McIntyre, Senior Vice-President and Senior Portfolio Manager, Sentry Select and (ii) a Notional Bond Portfolio. The Fund Portfolio is designed primarily to replicate the performance of Sentry Select Canadian Income Fund, as set out in the Information Statements.

Sentry Select Canadian Income Fund:

Sentry Select Canadian Income Fund performance as of June 30, 2007*

1 year      3 year      5 year         Since inception (February 11, 2002)
 7.0%     18.9% 1     9.7%           17.8%

Issue price and minimum investment: The issue price of the Notes is $100 per note with a minimum investment of $2,000 (20 Notes).

Selling period: Series 3 and 8 Notes are available for sale until September 14, 2007, Series 4 and 9 Notes until November 9, 2007.

FundSERV: The FundSERV code for Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 8 is JHN627 and Series 9 is JHN630, for Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 8 is JHN628, Series 9 is JHN631 and for Bank of Montreal Sentry Select Canadian Income Deposit Notes, Total Return Class, Series 3 is JHN629 and Series 4 is JHN632.

Potential monthly distributions: Within 10 business days of the end of each month, starting September 2007 for Series 8 and November 2007 for Series 9, investors in Canadian Income Deposit Notes and R.O.C. Canadian Income Deposit Notes will receive distributions equal to 75% of all distributions, if any, received on the Fund Portfolio component of the basket and not yet paid out or reinvested. The remaining 25% of the distributions will be reinvested in the basket. The distributions made on the R.O.C. Canadian Income Deposit Notes will be considered return of capital and the distributions on the Canadian Income Deposit Notes will be considered interest.

100% of the Fund Portfolio distributions in Total Return Class Deposit Notes, if any, will be notionally reinvested in the basket for compound growth.

Payment at maturity: The Notes will mature on or about March 18, 2016 (Canadian Income Deposit Notes and R.O.C Canadian Income Deposit Notes, Series 8 and Total Return Class, Series 3) or May 13, 2016 (Canadian Income Deposit Notes and R.O.C Canadian Income Deposit Notes, Series 9 and Total Return Class, Series 4), and investors will be repaid their principal, or in the case of the R.O.C. Notes, the unpaid principal, plus an amount, if any, linked to the performance of the basket. The fluctuation of the value of the basket will directly impact the return payable at maturity. It is possible that no return will be paid on the Notes. In the case of the R.O.C. Notes, the amount paid at maturity will be reduced by a percentage of the total amount of principal repaid prior to maturity, as set out in the Information Statements.

Liquidity: A daily secondary market will be maintained by BMO Capital Markets under normal market conditions, as set out in the Information Statement. There is no assurance that a secondary market will exist. The sale of Notes within three years of their issue will be subject to an early trading charge, as set forth in the Information Statement.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages over $8 billion in gross assets as of June 30, 2007. Sentry Select offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 29 reporting issuers, Sentry Select is the manager and/or advisor to more Toronto Stock Exchange-listed entities than any other investment manager. In addition, Sentry Select manages and/or provides advisory services to 4 reporting issuers listed on the TSX Venture Exchange.

More information:

* The information above contains historical compound annual total returns of Sentry Select Canadian Income Fund and is not intended to be, nor should it be construed to be, an indication as to the future returns or volatility of this fund or a Fund Portfolio or the potential distributions or return, if any, on the Deposit Notes. This information assumes that all distributions on Sentry Select Canadian Income Fund were reinvested in additional units. The returns are shown after the payment of expenses and management fees but have not been reduced by any applicable sales, redemption, distribution or optional charges or taxes. The above performance information reflects the payment of the actual management expense ratios for Sentry Select Canadian Income Fund for the indicated periods. By contrast, a Fund Portfolio is subject to annual fees which may, in certain cases, be higher than the actual management expense ratio of Sentry Select Canadian Income Fund. As a result of the potential for differing fees, the performance of a Fund Portfolio, as compared to that of Sentry Select Canadian Income Fund, may have generated lower returns than those shown above if it had existed over the same time periods.

**This is for information purpose only and is not, and under any circumstances is to be construed as an offering of the Notes described herein, or as investment advice. The information is intended to be read in conjunction with the Information Statement for Bank of Montreal Sentry Select R.O.C Canadian Income Deposit Notes™ Series 8 and Series 9, Canadian Income Deposit Notes™, Series 8 and Series 9 and Total Return Class, Series 3 and Series 4.