Sentry Select Capital Corp. ("Sentry Select") is pleased to announce that an aggregate principal amount of $19.07 million of Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 6, Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 6 and Bank of Montreal Sentry Select Canadian Income Deposit Notes, Total Return Class, Series 1 has been issued.

Next Series launched

Sentry Select is also pleased to announce the launch of Series 7 for Canadian Income Deposit Notes and R.O.C. Canadian Income Deposit Notes, and Series 2 for Canadian Income Deposit Notes, Total Return Class.

Fund portfolio

Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 7, Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 7 and Bank of Montreal Sentry Select Canadian Income Deposit Notes, Total Return Class, Series 2 (the "Notes") are Deposit Notes, issued by Bank of Montreal. The performance of the Notes is based on the appreciation of a basket comprised of (i) an income trust portfolio managed by Sandy McIntyre, Senior Vice-President and Senior Portfolio Manager, Sentry Select ("Fund Portfolio"), and (ii) a notional bond portfolio ("Notional Bond Portfolio"). The Fund Portfolio is designed primarily to replicate the performance of Sentry Select Canadian Income Fund, as set out in the Information Statement.

Sentry Select Canadian Income Fund

Sentry Select Canadian Income Fund performance as of November 30, 2006(i)

1 year 3 year Since inception (February 11, 2002)

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4.7% 19.6% 17.3%

Issue price and minimum investment

The issue price of the Notes is $100 per note with a minimum investment of $2,000 (20 Notes).

Selling period

The Notes are available for sale until March 9, 2007.

FundSERV

The FundSERV code for Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 7 is JHN614, for Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 7 is JHN615 and for Bank of Montreal Sentry Select Canadian Income Deposit Notes, Total Return Class, Series 2 is JHN616.

Potential monthly distributions

Within 10 business days of the end of each month, investors in Canadian Income Deposit Notes and R.O.C. Canadian Income Deposit Notes will receive distributions equal to 75% of all distributions, if any, received on the Fund Portfolio component of the basket and not yet paid out or reinvested. The remaining 25% of the distributions will be reinvested in the basket. The distributions made on the R.O.C. Canadian Income Deposit Notes will be considered return of capital and the distributions on the Canadian Income Deposit Notes will be considered interest.

100% of the Fund Portfolio distributions in Total Return Class Deposit Notes, if any, will be notionally reinvested in the Basket for compound growth.

Payment at maturity

The Notes will mature on or about March 13, 2015 (Total Return Class, Series 2) or February 12, 2016 (Canadian Income Deposit Notes and R.O.C Canadian Income Deposit Notes) , and investors will be repaid their principal, or in the case of the R.O.C. Notes, the unpaid principal, plus an amount, if any, linked to the performance of the basket. The fluctuation of the value of the basket will directly impact the return payable at maturity. It is possible that no return will be paid on the Notes. In the case of the R.O.C. Notes, the amount paid at maturity will be reduced by a percentage of the total amount of principal repaid prior to maturity, as set out in the Information Statement.

Liquidity

A daily secondary market will be maintained by BMO Capital Markets under normal market conditions, as set out in the Information Statement. There is no assurance that a secondary market will exist. The sale of Notes within three years of their issue will be subject to an early trading charge, as set forth in the Information Statement.

Sentry Select Capital Corp.

Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 22 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of November 30, 2006, the firm had approximately $8.0 billion in gross assets under management.

For a copy of the Information Statement(ii), please visit www.sentryselect.com

"Sentry Select" and "Sentry Select logo" are registered trademarks of Sentry Select Capital Corp. and have been licensed for use by BMO Nesbitt Burns Corporation Limited and its affiliates. "Nesbitt Burns" is a registered trademark and "Canadian Income Deposit Notes" and "R.O.C. Canadian Income Deposit Notes" "Canadian Income Deposit Notes, Total Return Class" are trademarks of BMO Nesbitt Burns Corporation Limited used under license. "BMO Capital Markets" is a trademark of Bank of Montreal and under license.

(i) The information above contains historical compounded total returns of Sentry Select Canadian Income Fund, and is not intended to be, nor should it be construed as, an indication as to the future returns or volatility of the Fund or the Fund Portfolio or the potential distributions or return, if any, on the Deposit Notes. For Sentry Select Canadian Income Fund, it assumes that all distributions were reinvested in additional units of each fund or closed-end trust. The returns are shown after the payment of expenses and management fees of each fund but have not been reduced by any applicable sales, redemption, distribution or optional charges or taxes. The above performance information reflects the payment of the actual management expense ratios for the Sentry Select Canadian Income Fund for the indicated periods. By contrast, the Fund Portfolio is subject to annual fees which may, in certain cases, be higher than the actual management expense ratio of the Sentry Select Canadian Income Fund. As a result of the potential for differing fees, the performance of the Fund Portfolio, as compared to Sentry Select Canadian Income Fund, may have generated lower returns than those shown above if it had existed over the same time periods.

(ii)This is for information purpose only and is not, and under any circumstances is to be construed as an offering of the Notes described herein, or as investment advice. The information is intended to be read in conjunction with the Information Statement for the Bank of Montreal Sentry Select R.O.C Canadian Income Deposit Notes(TM) Series 7, Canadian Income Deposit Notes(TM), Series 7 and Total Return Class, Series 2.

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