PME Sentry Select Primary Metals Corp

Sentry Select Primary Metals Corp. (the "Company") (TSX:PME) is pleased to
announce that its treasury offering (the "Offering") closed today. The Offering
raised aggregate gross proceeds of $68,172,000 resulting from the issuance of an
additional 7,600,000 Class A shares ("Shares"). Shares were issued at a price of
$8.97 per Share, which reflects the Company's net asset value per Share of $8.56
as at March 28, 2012, plus the per Share fees and expenses of the Offering.  The
Agents (as defined below) have been granted an over-allotment option exercisable
within 30 days of the closing of the Offering to purchase up to an additional
1,140,000 Shares at a price of $8.56 per Share which, if fully exercised, would
bring the total gross proceeds of the Offering to approximately $78.4 million,
before deducting the payment of expenses of the Offering by the Company.


Use of proceeds

Subject to the Company's investment restrictions, the Company intends to use the
estimated net proceeds of the Offering to invest in securities in accordance
with the investment objective and investment strategy of the Company.


Sentry Select Primary Metals Corp.

The Company provides investors with an opportunity to invest in an actively
managed portfolio consisting primarily of securities of issuers that are engaged
in the production and/or exploration of metal and minerals, with a current focus
on gold issuers.


Agents  

The syndicate of agents, led by CIBC, and co-led by RBC Capital Markets,
includes Canaccord Genuity Corp., BMO Capital Markets, National Bank Financial
Inc., Scotia Capital Inc., TD Securities Inc., Raymond James Ltd., GMP
Securities L.P., Macquarie Private Wealth Inc., Desjardins Securities Inc.,
Dundee Securities Ltd., HSBC Securities (Canada) Inc., Manulife Securities
Incorporated, Mackie Research Capital Corporation (the "Agents").


Sentry Investments

Sentry Investments ("Sentry") is a Canadian asset management company with
approximately $7 billion in assets under management on behalf of Canadian
investors. Sentry offers a diverse range of investment products including mutual
funds, hedge funds, flow-through limited partnerships and other alternative
investment products. Sentry was recognized as Canada's Best Equity Funds Group
at the 2011 and 2012 Lipper Fund Awards and was one of only five companies in
2011 to receive the prestigious Brendan Wood International TopGun Asset
Management Team Award.


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 Company and/or Sentry. The forward-looking statements are not historical
facts but reflect the Company's and/or Sentry'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 the Company and/or Sentry
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. The Company and/or Sentry
undertake 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 Company, please visit
its profile at www.sedar.com. 


This offering is only made by prospectus. A final short-form prospectus dated
March 29, 2012 contains important detailed information about the securities
being offered. Copies of the final short-form prospectus may be obtained from
the Agents or is available electronically at www.sedar.com. Investors should
read the prospectus before making an investment decision. 




Sentry Investments Inc.                                                     
Commerce Court West                                                         
199 Bay Street, Suite 4100                                                  
P.O. Box 108                                                                
Toronto, ON M5L 1E2                                                         
Tel: 416-364-9297                                                           
Fax: 416-364-1197

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