The Board of Directors of Sentry Select Primary Metals Corp. (the Corporation")
(TSX:PME)(TSX:PME.WT) is pleased to announce that at a special meeting held
today, shareholders of the Corporation approved the mandatory market purchase
program (the "Program").


Mandatory market purchase program

Under the Program, the Corporation is obligated to purchase any shares offered
in the market at the prevailing market price, if shares are offered at prices
that are less than 95% of the latest determined net asset value ("NAV") per
share. The purchases are subject to a maximum amount in any three-month period
of 1.25% of the number of shares outstanding at the beginning of such period.


The manager believes that the Program will be effective in decreasing potential
spread between the NAV per share and the market price of the shares and will
enhance the liquidity of the shares. Purchases of shares for cancellation at
less than NAV per share should also have the effect of increasing the NAV per
share.


Trading information

The Class A Shares and the Warrants trade on the Toronto Stock Exchange ("TSX")
under the symbols PME and PME.WT, respectively.


Sentry Select Primary Metals Corp.

The Corporation's investment objective is to provide shareholders with long-term
capital appreciation by investing in an actively managed portfolio consisting
primarily of securities of mining and exploration issuers. Although the
Corporation's initial intended focus was to invest in issuers that are engaged
in the production of and/or exploration for uranium, nickel and molybdenum, the
manager has the discretion to alter the composition of the actively managed
portfolio at any time.


The Manager

Sentry Select Capital Corp., ("Sentry Select") the manager of the Corporation,
is a Canadian wealth management company that manages approximately $8 billion in
gross assets as of December 31, 2007. The company offers a diverse range of
investment products including closed-end trusts, mutual funds,
principal-protected notes and flow-through limited partnerships, covering a
variety of domestic and global mandates. Sentry Select is the manager and/or
advisor to 29 TSX-listed reporting issuers. In addition, Sentry Select manages
and/or provides advisory services to four reporting issuers listed on the TSX
Venture Exchange.


This news release contains forward-looking statements that involve risks and
uncertainties. These forward-looking statements relate to, among other things,
the future performance of the Corporation, including the potential for purchases
pursuant to the mandatory market purchase program. These statements reflect the
Corporation's and Sentry Select's current expectations, but are subject to a
number of risks and uncertainties. Due to the many risks and uncertainties, the
Corporation and Sentry Select cannot assure that the forward-looking statements
contained in this news release will be realized.




The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
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