Sentry Select Primary Metals Corp. (TSX: PME) announces dividend increase

   Sentry Select Primary Metals Corp. (TSX: PME) (the "Corporation") is pleased to announce that the Board of Directors of the Corporation (the "Board") has approved an increase in the monthly cash dividend per Class A share from $0.07 to $0.085. However, if the make-up of the Corporation's portfolio changes, dividends may differ.

The dividend increase will be effective October 15, 2010, to security holders of record on September 30, 2010, and will remain as such until further guidance is provided by the Corporation. Based on the market value per Class A share of $9.44 on August 31, 2010, the dividend represents a cash-on-cash yield of approximately 10.8%.

Sentry Select Primary Metals Corp.

Sentry Select Primary Metals Corp.'s investment objective is to provide shareholders with long-term capital appreciation. The Corporation is invested in an actively managed portfolio consisting primarily of securities of mining and exploration issuers, with a current focus on gold.

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 Corporation. 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 the ability of the Corporation to pay the indicated dividends on the dates specified. 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. For a complete disclosure record of the Corporation, please visit the Corporation's profile at www.sedar.com.

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 Primary Metals Corp. Investor Services (broker/investor inquiries) 1-888-730-4623 416-364-1197 (FAX) [e-mail] www.sentry.ca