Sentry Select Primary Metals Corp. (TSX:PME) Treasury Offering Raises Approximately $47,414,085

Sentry Select Primary Metals Corp. (the "Company") (TSX:PME) is pleased to
announce that its treasury offering (the "Offering") closed today. The Offering
raised aggregate gross proceeds of $47,414,085 and resulted in the issuance of
an additional 4,537,233 Class A shares ("Shares"), of which, $6,184,446 (591,813
Shares) was attributable to the Agents' (as defined below) over-allotment option
which also closed today. Shares were issued at a price of $10.45 per Share,
which reflects the Company's net asset value per Share of $9.94 as at June 13,
2011, plus the per Share fees and expenses of the Offering. 


Use of proceeds

Subject to the Company's investment restrictions, the Company intends to use the
estimated net proceeds of the Offering to invest in securities in accordance
with the investment objective and investment strategy of the Company.


Sentry Select Primary Metals Corp.

The Company provides investors with an opportunity to invest in an actively
managed portfolio consisting primarily of securities of issuers that are engaged
in the production and/or exploration of metal and minerals, with a current focus
on gold issuers.


Agents

The syndicate of agents, includes CIBC World Markets Inc., RBC Capital Markets,
Canaccord Genuity Corp., BMO Capital Markets, National Bank Financial Inc.,
Scotia Capital Inc., TD Securities Inc., GMP Securities L.P., HSBC Securities
(Canada) Inc., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities
Ltd., Mackie Research Capital Corporation, Macquarie Private Wealth Inc.,
Manulife Securities Incorporated and Wellington West Capital Markets Inc. (the
"Agents").


Sentry Investments

Sentry Investments ("Sentry") is a Canadian asset management company that offers
a diverse range of investment products including mutual funds, hedge funds,
flow-through limited partnerships and other alternative investments, covering a
variety of domestic and global mandates.


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 Company and/or Sentry. The forward-looking statements are not historical
facts but reflect the Company's and/or Sentry'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 the Company and/or Sentry
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 Company and/or Sentry
undertake 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. For a complete disclosure record of the Company, please visit
their profiles at www.sedar.com.


This offering is only made by prospectus. The final short form prospectus, dated
June 14, 2011, contains important detailed information about the securities
being offered. Copies of the final short form prospectus may be obtained from
the Agents or is available electronically at www.sedar.com. Investors should
read the prospectus before making an investment decision.




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