Sentry Select Primary Metals Corp. (TSX: PME) Announces Strategic Review

  Sentry Select Primary Metals Corp. (the "Corporation")(TSX: PME) announces that the Corporation's independent directors are commencing a review to consider strategic alternatives that may be available to the Corporation with the objective of seeking to maximize shareholder value.

The Corporation intends to provide further information following the strategic review process.

The independent directors may retain, at the expense of the Corporation, independent advisors to assist in their review and evaluation of alternatives.

Sentry Select Primary Metals Corp.

Sentry Select Primary Metals Corp.'s investment objective is to provide shareholders with long-term capital appreciation by investing in an actively managed portfolio consisting primarily of securities of mining and exploration issuers. Although the Corporation's initial intended focus was to invest in issuers that are engaged in the production of and/or exploration for uranium, nickel and molybdenum, the manager has the discretion to alter the composition of the actively managed portfolio at any time.

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 the Manager. The forward-looking statements are not historical facts but reflect the Corporation'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, including, but not limited to, the possibility that the independent directors determine that no action by the Corporation be undertaken, or in respect of the proposed timing of the implementation of any strategic alternative. Although the Corporation 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. The Corporation 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.

Sentry Select Capital Inc.
The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone:  [phone]
Fax:  [phone]

Contacts: Sentry Select Capital Inc. Investor Services (broker/investor inquiries) 1-888-246-6656 416 364-1197 (FAX) [e-mail] www.sentryselect.com