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Press release from Marketwire

CMP Gold Trust Announces Intention to Commence Issuer Bid

Thursday, April 21, 2011

CMP Gold Trust Announces Intention to Commence Issuer Bid15:13 EDT Thursday, April 21, 2011TORONTO, ONTARIO--(Marketwire - April 21, 2011) - CMP Gold Trust (the "Trust") (TSX:CMP.UN), managed by Dundee Capital Markets and sub-advised by Ned Goodman Investment Counsel Ltd. ("NGIC"), announces that it has filed a notice of intention to make a normal course issuer bid ("NCIB") to purchase, subject to TSX approval, up to 170,040 series B warrants of the Trust (TSX:CMP.WT.B) (the "Warrants"). The Trust anticipates that the Warrants may be purchased for cancellation through the facilities of the TSX commencing on April 26, 2011 through to April 25, 2012.As of April 20, 2011, the issued and outstanding number of Warrants totalled 2,219,314 and the public float of the Trust was 1,700,395 Warrants. Accordingly, the bid represents up to approximately 10% of the public float of the Warrants. Pursuant to TSX policies, the Trust will not purchase (i) during any 30 day period more than 44,386 Warrants representing 2% of the 2,219,314 Warrants issued and outstanding as at April 20, 2011; or (ii) during the 12-month period of the NCIB, the greater of 10% of the public float or 5% of the outstanding Warrants (i) when it possesses any material information which has not been disseminated, (ii) at the opening of a trading session, or (iii) during the 30 minutes before the scheduled close of trading session.The Manager has determined that the purchase of the Warrants under the bid would be beneficial to the Trust and its unitholders forms part of the Trust's capital management program.Dundee Capital Markets will act as broker on behalf of the Trust in connection with the NCIB.FOR FURTHER INFORMATION PLEASE CONTACT: Joanne FerstmanDundee Capital Markets Inc.President and Chief Executive Officer(416) 365-5010ORRobert SellarsDundee Capital Markets Inc.Executive Vice President and Chief Financial Officer(416) 365-3475