BluMont Capital Inc.
TSX VENTURE : BCC

BluMont Capital Inc.

December 20, 2006 14:33 ET

BluMont Capital Inc. Responds to Announcement by Integrated Asset Management Corp. of Intention to Acquire Remaining Common Shares

TORONTO, ONTARIO--(CCNMatthews - Dec. 20, 2006) - BluMont Capital Inc. ("BluMont") (TSX VENTURE:BCC) today responded to the announcement by Integrated Asset Management Corp. ("IAM") of IAM's intention to acquire the remaining common shares of BluMont not already owned by IAM. In its announcement released today, IAM's board of directors has determined to take such action as is necessary, including causing a special meeting of shareholders of BluMont to be convened to consider an amalgamation or other transaction involving BluMont and IAM or an affiliate of IAM. IAM's announcement provides additional information on IAM's intention.

The Board of Directors of BluMont will respond when it receives from IAM the details of the proposed transaction contemplated by IAM.

About BluMont

BluMont is a leading provider of alternative investment products to Canadian investors. The company offers investors innovative investment solutions that provide enhanced diversification and robust return potential. BluMont employs approximately 40 people nationwide and has approximately C$780 million in assets under management. BluMont is 61.4% directly owned by Toronto-based Integrated Asset Management Corp. (TSX Venture :IAM), a leading alternative asset investment management company with approximately C$3 billion in assets and committed capital under management. Further information on BluMont can be found at www.blumontcapital.com.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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