Sentry Select Capital Inc.

Sentry Select Capital Inc.
Precious Metals and Mining Trust

February 25, 2010 17:30 ET

Precious Metals and Mining Trust (TSX: MMP.UN) Announces Warrant Offering

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2009) - Precious Metals and Mining Trust (the "Trust") (TSX:MMP.UN) is pleased to announce that a preliminary short-form prospectus in connection with an offering of Warrants to its unitholders to subscribe for Trust units (the "Warrant Offering") has been filed with, and the receipt issued by, the securities commissions and regulatory authorities in each of the provinces and territories of Canada. The Warrant Offering is subject to receipt of all regulatory approvals, including the approval of the Toronto Stock Exchange ("TSX").

Warrants and Subscription Price

Each unitholder will receive one Warrant for each Trust unit held on the record date. One Warrant will entitle the holder to purchase one Trust unit at a price of $7.42 per unit (the "Exercise Price"). On February 24, 2010, the Trust's net asset value per unit at the close of business was $7.23. The record date has not yet been determined. The Warrants can be exercised up until the expiration date of July 23, 2010 at 4:00 p.m. The Trust will make a further announcement with respect to the record date.

Precious Metals and Mining Trust

The Trust is a closed-end investment trust that aims to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust invests in an actively managed portfolio consisting primarily of equity securities of mining issuers listed on a North American stock exchange. Precious Metals and Mining Trust units trade on the TSX under the symbol MMP.UN.

Sentry Select Capital Inc.

Sentry Select Capital Inc., the manager of the Trust, 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 Sentry Select and/or the Trust. The forward-looking statements are not historical facts but reflect Sentry Select'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 Sentry Select 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. Sentry Select and/or the Trust undertakes 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 Trust, please visit the Trust's profile at

A preliminary short-form prospectus dated February 25, 2010 containing important information relating to these securities has been filed with the securities commissions or similar authorities in all of the provinces and territories of Canada. The preliminary short-form prospectus is still subject to completion or amendment. Copies of the preliminary short-form prospectus may be obtained from the issuer or are available electronically at There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

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

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