TORONTO: Sentry Select Capital Corp. (“Sentry Select”) announces that unitholders of Precious Metals and Mining Trust (the “Trust”) who redeemed their units of the Trust effective September 30, 2008, will receive $5.57 per unit redeemed. Payment will be made on or before October 22, 2008. The redemption amount was determined in accordance with clause (ii) of the definition of Net Realized Proceeds per Unit set out in the Trust’s Declaration of Trust, as Sentry Select determined that it was not practicable to make the dispositions described in clause (i) of that definition.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages over $6 billion in gross assets as of June 30, 2008. The company offers a diverse range of investment products including closed-end trusts, mutual funds, hedge funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.

More information:  Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries)
Tel:  1-888-739-4623   Fax: 416-364-1197   info@sentryselect.com

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions ‘‘expect’’, ‘‘intend’’, “will” and similar expressions to the extent they relate to Sentry Select. The forward-looking statements are not historical facts but reflect Sentry Select’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Sentry Select believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry Select undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.