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Sentry Select Capital Corp. files preliminary prospectus for Precious Metals and Mining Trust

TORONTO: Sentry Select Capital Corp. is pleased to announce that a preliminary prospectus for Precious Metals and Mining Trust (the “Trust”) has been filed with the securities regulatory authorities in each of the provinces and territories of Canada.

The offeringThe Trust will invest in an actively managed portfolio consisting primarily of equity securities of metals and minerals mining and exploration issuers that are listed on a North American stock exchange.

Investment objectivesThe Trust’s investment objectives are to provide unitholders with:(i) long-term capital appreciation; and (ii) monthly cash distributions, initially representing 5% yield per annum based on a $10 per unit issue price.

Details of the offering The offering price is $10.00 per unit, with a minimum subscription of 200 units ($2,000).

Exchange optionProspective purchasers may acquire units either by cash payment or an exchange of any of the eligible securities as described in the preliminary prospectus. A prospective purchaser of units who elects to pay for such units by using the exchange option has to do so by means of an Exchange Option Election through CDS. The Exchange Option Election must be received by the exchange agent through CDS prior to 5:00 p.m. (Toronto time) on May 25, 2006. Such book-entry deposits have to be made by a CDS participant.

Eligible exchange securities listing Aber Diamond Corporation AfriOre Limited Agnico-Eagle Mines Limited Alamos Gold Inc. Alcan Inc. Alcoa Inc. Amerigo Resources Ltd. AngloGold Ashanti Limited Anvil Mining Limited Atna Resources Ltd.Aur Resources Inc.Aurizon Mines Ltd. Barrick Gold Corporation Bear Creek Mining Corporation Bema Gold Corporation BHP Billiton Limited Breakwater Resources Ltd. Cambior Inc. Cameco Corporation Centerra Gold Inc.Constellation Copper Corporation Dianor Resources Inc. Dynatec Corporation Eldorado Gold Corporation Equinox Minerals Limited EuroZinc Mining Corporation Falconbridge Limited First Quantum Minerals Ltd. FNX Mining Company Inc. Fording Canadian Coal Trust Freeport-McMoRan Copper & Gold Inc. Frontera Copper Corporation Gammon Lake Resources Inc. Glamis Gold Ltd. Gold Fields Ltd. Goldcorp Inc. Golden Star Resources Ltd. Harmony Gold Mining Co. Ltd. HudBay Minerals Inc. IAMGold Corporation Inco Limited Inmet Mining Corporation Ivernia Inc. Ivanhoe Mines Ltd. Jaguar Mining Inc. Kinross Gold Corporation Labrador Iron Ore Royalty Income Fund Linear Gold Corp. LionOre Mining International Ltd.Meridian Gold Inc. Metallica Resources Inc. New Gold Inc. Newmont Mining Corporation Northgate Minerals Corporation Northern Orion Resources Inc. NovaGold Resources Inc. Novelis Inc. Phelps Dodge Acquisition Corp. Randgold Resources Limited Rio Narcea Gold Mines, Ltd. Royal Gold, Inc. Sacre-Coeur Minerals, Ltd. Semafo Inc. Sherritt International Corporation Shore Gold Inc. Silver Wheaton Corp. SOHO Resources Corp. Southwestern Resources Corp. SXR Uranium One Inc. Teck Cominco Limited Tournigan Gold Corporation Western Silver Corporation UEX Corporation UrAsia Energy Ltd. Ur-Energy Inc. Viceroy Exploration Ltd. Yamana Gold Inc. Yukon Zinc Corporation

Sentry Select Capital Corp.Sentry Select Capital Corp. provides investment, administrative and marketing services to 23 exchange-listed closed-end funds, 17 of which have exposure to the income trust sector, 16 mutual funds, 11 principal-protected notes and three flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of March 31, 2006, the firm had approximately $8.5 billion in gross assets under management.

AgentsA syndicate of agents co-led by CIBC World Markets Inc. and RBC Capital Markets, includes BMO Nesbitt Burns Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Blackmont Capital Inc., Desjardins Securities Inc., Dundee Securities Corporation, Wellington West Capital Inc., IPC Securities Corporation and Research Capital Corporation.

More informationInvestor Services (broker/investor inquiries) or Brian McOstrich (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1330

Documents (including press releases) regarding the various investment funds that are managed or advised by Sentry are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (