BluMont Capital Inc.
TSX VENTURE : BCC

BluMont Capital Inc.

November 15, 2006 09:28 ET

Integrated Asset Management Corp. Acquires an Additional 1,836,838 BluMont Shares Upon Expiration of Offer

TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 2006) - BluMont Capital Inc. ("BluMont" or the "Company")(TSX VENTURE:BCC) announces that Integrated Asset Management Corp. ("IAM") issued a press release on Monday, November 13, 2006 disclosing the following:

- The formal exchange offer (the "Offer") has expired and has not been extended.

- IAM has taken up an additional 1,836,838 common shares of BluMont pursuant to its Offer as at the expiry time of the Offer. Combined with the 3,239,103 BluMont shares taken up by IAM in respect of the initial offering period that ended on October 27, 2006 and IAM's 46.2% ownership of BluMont shares at the initiating of the Offer, IAM now beneficially owns approximately 61.4% of the outstanding shares of BluMont.

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 over 41 people nationwide and has approximately C$790 million in assets under management. BluMont is 61.4% owned by Toronto-based 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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