TORONTO: 130/30 Mining LP (the “Partnership”) is pleased to announce its first monthly distribution of $0.0667 per unit. The distribution is payable on September 15, 2008 to unitholders of record on August 29, 2008.

130/30 Mining LP: 130/30 Mining LP invests in an actively managed long/short portfolio consisting primarily of equity and debt securities of metals and minerals mining and exploration issuers that are listed on a North American stock exchange, using a 130/30 approach with the view to: providing Limited Partners with monthly cash distributions of 8% per annum based on the initial price of units; and enhancing the net asset value of the Partnership.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages over $6 billion in assets as of June 30, 2008. The company 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.

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

This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the future performance of the Partnership, including the potential for future distributions. These statements reflect Sentry Select Capital Corp.’s (“Sentry Select”) current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized.