Shareholders of Sentry Select Primary Metals Corp. Approve Restructuring Proposal

Sentry Select Capital Inc. ("the "Manager"), the manager of Sentry Select
Primary Metals Corp. (the "Corporation") (TSX:PME), is pleased to announce that
the Class A shareholders of the Corporation have voted, at a special meeting
held earlier today, to approve the proposed restructuring of the Corporation
(the "Restructuring"), which includes: 


a) an amendment to the management agreement between the Corporation and the
Manager, to reduce the annual management fee payable to the Manager from 1.60%
of the Corporation's net asset value, to 1.10%;


b) an amendment to the management agreement to eliminate any performance fees;

c) an amendment to the management agreement to eliminate the Manager's right to
receive a termination fee; 


d) an amendment to the management agreement to state that the Manager will not
resign as the manager of the Corporation;


e) an amendment to the Corporation's articles of amendment to implement an
unlimited annual redemption right at the net asset value per Class A Share
("Share"), subject to a declining redemption fee schedule (the "Redemption
Fee"); and


f) an amendment to the Corporation's articles of amendment to terminate the
Corporation's mandatory market purchase program (collectively, the "Proposal").


Redemption Fee Schedule

Depending on the year of the annual redemption, Shares may be subject to a
declining Redemption Fee, payable by the redeeming shareholder out of the
redemption proceeds. The Redemption Fee will be paid to the Manager and will be
equal to the percentage of net asset value per Share as of the applicable
redemption date as shown in the following table:




                  ---------------------------------------
                  Annual Redemption       Redemption Fee
                  ---------------------------------------
                  2010                    5%
                  ---------------------------------------
                  2011                    4%
                  ---------------------------------------
                  2012                    3%
                  ---------------------------------------
                  2013                    2%
                  ---------------------------------------
                  2014                    1%
                  ---------------------------------------
                  2015 onwards            0%
                  ---------------------------------------



Dividend

The Proposal is not expected to affect the Corporation's current monthly
dividend rate of $0.07 per Share.


Sentry Select Primary Metals Corp.

Sentry Select Primary Metals Corp.'s investment objective is to provide
shareholder's 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 and silver issuers.


Sentry Select Capital Inc.

Sentry Select Capital Inc., the manager of the Corporation, is a Canadian wealth
management company that offers a diverse range of investment products including
closed-end investment funds, mutual funds, principal-protected notes and
flow-through limited partnerships, 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 Corporation or the Manager. The forward-looking statements are not
historical facts but reflect the Corporation's and the Manager'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, but not limited to, the Corporation's future dividend rate following
the implementation of the Proposal. Although the Corporation and the Manager
believe 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. Neither the Corporation nor
the Manager undertake any 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:  (416) 861-8729
Fax:  (416) 364-5615

Sentry Select Primary Me... (TSX:PME)
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