Sentry Select Capital Corp. Announces January 2008 Distributions for Principal-Protected Notes

TORONTO, ONTARIO, Jan 15 (MARKET WIRE) --
Sentry Select Capital Corp. ("Sentry Select") is pleased to announce
the January 2008 distribution amounts for the following
principal-protected notes.

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Distri- Distribu-
bution tions
amount Annua- per note
Issue (per $100 Record Payable lized since
Note date note) date date yield inception
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Bank of Montreal
Sentry Select
Canadian Income
Deposit Notes, March 17, Jan. 14, Jan. 15,
Series 1 (JHN601) 2006 $0.163009 2008 2008 2.0% $5.534618
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Series 1 (JHN601)
Bank of Montreal
Sentry Select
R.O.C. Canadian
Income Deposit
Notes, Series 1 March 17, Jan. 14, Jan. 15,
(JHN602) 2006 $0.163009 2008 2008 2.0% $5.534618
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Bank of Montreal
Sentry Select
Canadian Income
Deposit Notes, May 17, Jan. 14, Jan. 15,
Series 2 (JHN603) 2006 $0.215644 2008 2008 2.6% $5.856578
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Bank of Montreal
Sentry Select
R.O.C. Canadian
Income Deposit
Notes, Series 2 May 17, Jan. 14, Jan. 15,
(JHN604) 2006 $0.215644 2008 2008 2.6% $5.856578
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Bank of Montreal
Sentry Select
Canadian Income
Deposit Notes, July 19, Jan. 14, Jan. 15,
Series 3 (JHN605) 2006 $0.166993 2008 2008 2.0% $3.794432
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Bank of Montreal
Sentry Select
R.O.C. Canadian
Income Deposit
Notes, Series 3 July 19, Jan. 14, Jan. 15,
(JHN606) 2006 $0.166993 2008 2008 2.0% $3.794432
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Bank of Montreal
Sentry Select
Canadian Income
Deposit Notes, September Jan. 14, Jan. 15,
Series 4 (JHN607) 20, 2006 $0.172187 2008 2008 2.1% $3.468341
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Bank of Montreal
Sentry Select
R.O.C. Canadian
Income Deposit
Notes, Series 4 September Jan. 14, Jan. 15,
(JHN608) 20, 2006 $0.172187 2008 2008 2.1% $3.468341
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Bank of Montreal
Sentry Select
Canadian Income
Deposit Notes, October Jan. 14, Jan. 15,
Series 5 (JHN609) 31, 2006 $0.314223 2008 2008 3.8% $4.902990
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Bank of Montreal
Sentry Select
R.O.C. Canadian
Income Deposit
Notes, Series 5 October Jan. 14, Jan. 15,
(JHN610) 31, 2006 $0.314223 2008 2008 3.8% $4.902990
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Bank of Montreal
Sentry Select
Canadian Income
Deposit Notes, December Jan. 14, Jan. 15,
Series 6 (JHN612) 20, 2006 $0.466299 2008 2008 5.6% $6.113591
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Bank of Montreal
Sentry Select
R.O.C. Canadian
Income Deposit
Notes, Series 6 December Jan. 14, Jan. 15,
(JHN613) 20, 2006 $0.466299 2008 2008 5.6% $6.113591
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Bank of Montreal
Sentry Select
Canadian Income
Deposit Notes, March 14, Jan. 14, Jan. 15,
Series 7 (JHN614) 2007 $0.472856 2008 2008 5.7% $4.890445
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Bank of Montreal
Sentry Select
R.O.C. Canadian
Income Deposit
Notes, Series 7 March 14, Jan. 14, Jan. 15,
(JHN615) 2007 $0.472856 2008 2008 5.7% $4.890445
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Bank of Montreal
Sentry Select
Canadian Income
Deposit Notes, Sept. 19, Jan. 14, Jan. 15,
Series 8 (JHN627) 2007 $0.464794 2008 2008 5.6% $1.466631
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Bank of Montreal
Sentry Select
R.O.C. Canadian
Income Deposit
Notes, Series 8 Sept. 19, Jan. 14, Jan. 15,
(JHN628) 2007 $0.464794 2008 2008 5.6% $1.466631
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Bank of Montreal
Sentry Select
Canadian Income
Deposit Notes, Nov. 14, Jan. 14, Jan. 15,
Series 9 (JHN630) 2007 $0.475411 2008 2008 5.7% $0.475411
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Bank of Montreal
Sentry Select
R.O.C. Canadian
Income Deposit
Notes, Series 9 Nov. 14, Jan. 14, Jan. 15,
(JHN631) 2007 $0.475411 2008 2008 5.7% $0.475411
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Bank of Montreal
Sentry Select
Global Dividend
Growth Notes,
R.O.C. Class, June 6, Jan. 14, Jan. 15,
Series 1 (JHN618) 2007 $1.250000 2008 2008 5.0% $2.500000
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Bank of Montreal
Sentry Select
Global Dividend
Growth Notes,
R.O.C. Class, Aug. 1, Jan. 14, Jan. 15,
Series 2 (JHN620) 2007 $1.250000 2008 2008 5.0% $1.250000
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Bank of Montreal
Sentry Select
Global Dividend
Growth Notes,
R.O.C. Class, Sept. 19, Jan. 14, Jan. 15,
Series 3 (JHN622) 2007 $1.250000 2008 2008 5.0% $1.250000
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Deposit Notes

Bank of Montreal Sentry Select Canadian Income Deposit Notes and Bank of
Montreal Sentry Select R.O.C. Canadian Income Deposit Notes
(collectively, the "Deposit Notes") are deposit notes, issued by Bank of
Montreal. The performance of the Deposit Notes is linked to 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 ("Income Portfolio"), and (ii) a notional bond
portfolio (collectively, the "Basket"). The Income Portfolio is designed
primarily to replicate the performance of Sentry Select Canadian Income
Fund, as set out in the Information Statement.

Global Dividend Growth Notes

Bank of Montreal Sentry Select Global Dividend Growth Notes R.O.C.
Class(TM), Series 1, 2 and 3 are Deposit Notes, issued by Bank of
Montreal. The performance of the Notes is based on the return of a basket
of assets comprised of a portfolio of global dividend-paying equities
(the "Portfolio") and a Notional Bond Portfolio. The Portfolio is
comprised of 20 equally weighted diversified equities and is adjusted
quarterly by the Manager in accordance with investment guidelines,
strategies, criteria and restrictions described in the Information
Statements.

Future distributions

Bank of Montreal will pay to each holder distributions in an amount equal
to 75% of all distributions, if any, received on the Income Portfolio
component of the Basket. The allocation of the Income Portfolio to the
Basket may be more or less than 100% and distributions paid in respect of
the Income Portfolio will fluctuate from month to month. There is no
guarantee that the investment manager or the individual income funds will
be able to maintain their levels of distribution or that the Income
Portfolio will make any distribution.

Website

To find out more about the Deposit Notes, net asset values and investment
objectives, please visit www.sentryselect.com.

Sentry Select Capital Corp.

Sentry Select is a Canadian wealth management company that manages
approximately $8 billion in gross assets as of December 31, 2007. The
company offers a diverse range of investment products including
closed-end trusts, mutual funds, principal-protected notes and
flow-through limited partnerships, covering a variety of domestic and
global mandates. Sentry Select is the manager and/or advisor to 30
Toronto Stock Exchange-listed reporting issuers. In addition, Sentry
Select manages and/or provides advisory services to four reporting
issuers listed on the TSX Venture Exchange.

Disclosure of how variable interest (if any) on the Deposit Notes is
calculated is contained in the related Information Statement. This
release is issued for information purposes only and does not constitute
an offer to sell or a solicitation to purchase the Deposit Notes. The
prices, value and/or income the Deposit Notes produce may fluctuate
and/or be adversely affected by a number of factors. The distributions on
the units in the Portfolio will directly impact the amount of principal
repaid in the case of the R.O.C. Canadian Income Deposit Notes, and
interest paid, in the case of the Canadian Income Deposit Notes, in any
year prior to maturity. The fluctuation of the value of the Portfolio
will directly impact the return, if any, on the Deposit Notes at
maturity. In addition, the return payable at maturity on the R.O.C.
Deposit Notes, if any, will be reduced by a percentage of the amounts you
receive prior to maturity pursuant to a formula set out in the related
Information Statement.

The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4

Contacts:
Sentry Select Capital Corp.
Investor Services
(broker/investor inquiries)
1-888-246-6656
(416) 364-1197 (FAX)

Sentry Select Capital Corp.
Kinga Lam
(media inquiries)
1-888-246-6656
(416) 364-1197 (FAX)
Email: info@sentryselect.com
Website: www.sentryselect.com

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