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Sentry Select Capital Corp. announces launch of Bank of Montreal Sentry Select Canadian Income Deposit Notes™, Total Return Class

TORONTO: Sentry Select Capital Corp. is pleased to announce the launch of Bank of Montreal Sentry Select Canadian Income Deposit Notes, Total Return Class, Series 1.

Basket portfolio: Bank of Montreal Sentry Select Canadian Income Deposit Notes, Total Return Class, Series 1 (the “Notes”) are deposit notes, issued by Bank of Montreal. The performance of the Notes is based on the appreciation of a basket comprised of (i) an income trust portfolio managed by Sandy McIntyre, Senior Vice-President and Senior Portfolio Manager, Sentry Select (“Fund Portfolio”), and (ii) a notional bond portfolio (collectively the “Basket”). The Fund Portfolio is designed primarily to replicate the performance of Sentry Select Canadian Income Fund, as set out in the Information Statement.100% of the Fund Portfolio distributions, if any, are notionally reinvested in the Basket for compound growth.

Sentry Select Canadian Income Fund: Sentry Select Canadian Income Fund was named Canadian Income Trust Fund of the Year at the 2005 Canadian Investment Awards.Fund performance as of September 30, 2006*

1 year        2 year         3 year         Since inception (February 11, 2002)8.8%          20.2%        24.4%             19.4%

Issue price and minimum investment: The issue price of the Notes is $100 per note with a minimum investment of $2,000 (20 Notes).

Selling period: Series 1 of the Notes is available for sale until December 15, 2006.

FundSERV: The FundSERV code for the Notes is JHN611

Payment at maturity: The Notes will mature on or about December 19, 2014, and investors will be repaid their principal, plus an amount, if any, based on the performance of the Basket. The fluctuation of the value of the basket will directly impact the return payable at maturity. It is possible that no return will be paid on the Notes. No interest payments will be made during the term of the Deposit Notes.

Liquidity: A daily secondary market will be maintained by BMO Capital Markets under normal market conditions, as set out in the Information Statement. There is no assurance that a secondary market will exist. The sale of Notes within three years of their issue will be subject to an early trading charge, as set forth in the Information Statement.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 17 principal-protected notes, 16 mutual funds, and four flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of August 31, 2006, the firm had approximately $8.5 billion in gross assets under management.

More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1330

For a copy of the Information Statement** please visit

“Sentry Select” and “Sentry Select logo” are registered trademarks of Sentry Select Capital Corp. and have been licensed for use by BMO Nesbitt Burns Corporation Limited and its affiliates. “BMO Capital Markets” is a trademark of Bank of Montreal, “Nesbitt Burns” is a registered trademark and “Canadian Income Deposit Notes” is a trademark of BMO Nesbitt Burns Corporation Limited used under license.

**This is for information purpose only and is not, and under any circumstances is to be construed as an offering of the Notes described herein, or as investment advice. The information is intended to be read in conjunction with the Information Statement for the Bank of Montreal Sentry Select Canadian Income Deposit Notes™ Total Return Class, Series 1

* The information above contains historical compounded total returns of Sentry Select Canadian Income Fund, and is not intended to be, nor should it be construed as, an indication as to the future returns or volatility of the Fund or the Fund Portfolio or the potential distributions or return, if any, on the Notes. For Sentry Select Canadian Income Fund, it assumes that all distributions were reinvested in additional units of each fund or closed-end trust. The returns are shown after the payment of expenses and management fees of each fund but have not been reduced by any applicable sales, redemption, distribution or optional charges or taxes. The above performance information reflects the payment of the actual management expense ratios for the Sentry Select Canadian Income Fund for the indicated periods. By contrast, the Fund Portfolio is subject to annual fees which may, in certain cases, be higher than the actual management expense ratio of the Sentry Select Canadian Income Fund. As a result of the potential for differing fees, the performance of the Fund Portfolio, as compared to Sentry Select Canadian Income Fund, may have generated lower returns than those shown above if it had existed over the same time periods.

Les documents (y compris les communiqués de presse) se rapportant aux divers fonds d'investissement pour lesquels Sentry agit à titre de gestionnaire ou de conseiller ne sont fournis qu'à titre informatif. Ces documents ne peuvent être considérés comme étant exhaustifs ou exempts d'erreur sans un examen approfondi de la totalité des documents se rapportant à un fonds d'investissement en particulier disponibles sur SEDAR (