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 has approved an increase
in the monthly cash dividend per Class A share from $0.085 to $0.09.


The dividend increase will be effective September 15, 2011, to security holders
of record on August 31, 2011, and will remain as such until further guidance is
provided by the Corporation. Based on the closing price per Class A share of
$11.17 on the TSX on August 12, 2011, the dividend represents a cash-on-cash
yield of approximately 9.7%.


Sentry Select Primary Metals Corp.

The Corporation 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.


Sentry Investments

Sentry Investments is a Canadian asset management company with approximately
$6.5 billion in assets under management on behalf of Canadian investors. We
offer a diverse range of investment products including mutual funds, hedge
funds, flow-through limited partnerships and other alternative investment
products. Sentry Investments was recognized as Canada's Best Equity Fund Family
at the Lipper Fund Awards 2011 and was one of only five companies in 2011 to
receive the prestigious Brendan Wood International TopGun Asset Management Team
Award.


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