PME Sentry Select Primary Metals Corp

Sentry Select Primary Metals Corp. (the "Corporation") (TSX:PME) is pleased to
announce that the Board of Directors of the Corporation (the "Board") has
approved an increase in the monthly cash dividend per Class A share from $0.05
to $0.07. As the Corporation has available tax losses, the dividends are
expected to be treated as a return of capital for tax purposes. 


The dividend increase will be effective February 26, 2010, and will remain as
such until further guidance is provided by the Corporation. Based on the net
asset value per Class A share on January 27, 2010 of approximately $7.70, the
dividend represents a cash-on-cash yield of 10.9%.


The Corporation also advises that a Special Meeting of Shareholders (the
"Meeting"), to consider the Proposal (as defined below) as announced on November
20, 2009, will be held on March 25, 2010. A management information circular
containing details of the Proposal will be sent in due course to the
Corporation's shareholders of record as of February 22, 2010. The Proposal to be
considered by shareholders is as follows:




a. amend the management agreement between the Corporation and Sentry Select
   Capital Inc., the manager of the Corporation (the "Manager"), to reduce 
   the annual management fee payable to the Manager from 1.60% of the      
   Corporation's net asset value, to 1.10%;                                
b. amend the management agreement to eliminate the Manager's right to      
   receive a performance fee;                                              
c. amend the management agreement to eliminate the Manager's right to      
   receive a termination fee;                                              
d. amend the Corporation's articles of amendment to implement an unlimited 
   annual redemption right at the net asset value per Class A Share,       
   subject to a declining redemption fee schedule (the "Redemption Fee");  
   and                                                                     
e. amend the Corporation's articles of amendment to terminate the          
   Corporation's mandatory market purchase program (collectively, the      
   "Proposal").                                                            



The Proposal remains subject to review by the Corporation's Independent Review
Committee and applicable regulatory approvals.


Sentry Select Primary Metals Corp.

Sentry Select Primary Metals Corp.'s investment objective is to provide
shareholders with long- term capital appreciation. The Corporation is invested
in an actively managed portfolio consisting primarily of securities of mining
and exploration issuers, with a current focus on gold and silver issuers. 

 
Sentry Select Capital Inc.  

Sentry Select Capital Inc., the manager of the Corporation, 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
the Corporation. The forward-looking statements are not historical facts but
reflect the Corporation'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, including the ability of the Corporation to pay the
indicated dividends on the dates specified and the failure to receive all
required regulatory and shareholder approvals to implement the Proposal.
Although the Corporation 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 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 Corporation,
please visit the Corporation's profile at www.sedar.com.




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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