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Press release from Marketwire

Sentry Select Primary Metals Corp. (TSX:PME) treasury offering raises $68,172,000

Thursday, April 12, 2012

Sentry Select Primary Metals Corp. (TSX:PME) treasury offering raises $68,172,00010:18 EDT Thursday, April 12, 2012TORONTO, ONTARIO--(Marketwire - April 12, 2012) - Sentry Select Primary Metals Corp. (the "Company") (TSX:PME) is pleased to announce that its treasury offering (the "Offering") closed today. The Offering raised aggregate gross proceeds of $68,172,000 resulting from the issuance of an additional 7,600,000 Class A shares ("Shares"). Shares were issued at a price of $8.97 per Share, which reflects the Company's net asset value per Share of $8.56 as at March 28, 2012, plus the per Share fees and expenses of the Offering. The Agents (as defined below) have been granted an over-allotment option exercisable within 30 days of the closing of the Offering to purchase up to an additional 1,140,000 Shares at a price of $8.56 per Share which, if fully exercised, would bring the total gross proceeds of the Offering to approximately $78.4 million, before deducting the payment of expenses of the Offering by the Company.Use of proceedsSubject to the Company's investment restrictions, the Company intends to use the estimated net proceeds of the Offering to invest in securities in accordance with the investment objective and investment strategy of the Company.Sentry Select Primary Metals Corp.The Company provides investors with an opportunity to invest in an actively managed portfolio consisting primarily of securities of issuers that are engaged in the production and/or exploration of metal and minerals, with a current focus on gold issuers.Agents The syndicate of agents, led by CIBC, and co-led by RBC Capital Markets, includes Canaccord Genuity Corp., BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Raymond James Ltd., GMP Securities L.P., Macquarie Private Wealth Inc., Desjardins Securities Inc., Dundee Securities Ltd., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Mackie Research Capital Corporation (the "Agents").Sentry InvestmentsSentry Investments ("Sentry") is a Canadian asset management company with approximately $7 billion in assets under management on behalf of Canadian investors. Sentry offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investment products. Sentry was recognized as Canada's Best Equity Funds Group at the 2011 and 2012 Lipper Fund Awards and was one of only five companies in 2011 to receive the prestigious Brendan Wood International TopGun Asset Management Team Award.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 Company and/or Sentry. The forward-looking statements are not historical facts but reflect the Company's and/or Sentry'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. Although the Company and/or Sentry believes 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. The Company and/or Sentry undertake no 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 Company, please visit its profile at www.sedar.com. This offering is only made by prospectus. A final short-form prospectus dated March 29, 2012 contains important detailed information about the securities being offered. Copies of the final short-form prospectus may be obtained from the Agents or is available electronically at www.sedar.com . Investors should read the prospectus before making an investment decision. Sentry Investments Inc.Commerce Court West199 Bay Street, Suite 4100P.O. Box 108 Toronto, ON M5L 1E2Tel: 416-364-9297Fax: 416-364-1197FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations (broker/investor inquiries)Sentry Investments Inc.1-888-730-4623416-364-1197 (FAX)info@sentry.cawww.sentry.ca