Dynamic Funds(TM) Launches Series 7 of Bank of Montreal Dynamic RetirementEdge Income Portfolios(TM)

TORONTO, ONTARIO, May 20 (MARKET WIRE) --
Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"),
announces the launch of the seventh series of Bank of Montreal Dynamic
RetirementEdge Income Portfolios ("Deposit Notes"), an investment
solution that balances the wealth accumulation and distribution needs of
baby boomers.

The Deposit Notes will be available until Friday, July 4, 2008. The
Deposit Notes will be issued by Bank of Montreal on or about July 9, 2008
and are 100% eligible for registered plans.

Series 7 will meet the ongoing demand for a portfolio solution that
allows investors to benefit from the growth potential of equities, a
stable income stream, unique tax efficiencies, systematic asset
allocation, and a fixed low annual fee. The new offering builds on the
success of the last six series, promoting sound financial planning
practices by addressing the long-term needs of investors.

i. Current Pay Notes(TM);
- Monthly distributions begin immediately, at an annual rate of
6.6% of the original deposit amount, adjusted for inflation;
- The Deposit Notes mature on July 7, 2023.

ii. Deferred 5 Notes(TM);
- Guaranteed minimum growth of 5% per year during the
accumulation period, for a total of 25%(i);
- Monthly distributions begin in year six, at an annual rate of
8.25% of the original deposit amount until $99 is distributed.
- The Deposit Notes mature on July 9, 2030.

iii. Deferred 10 Notes(TM);
- Guaranteed minimum growth of 5% per year during the accumulation
period, for a total of 50%(i);
- Monthly distributions begin in year 11, at an annual rate of
9.90% of the original deposit amount until $99 is distributed.
- The Deposit Notes mature on July 8, 2033.

The Deposit Notes may, except in certain circumstances described in the
Information Statement of the Deposit Notes, provide holders with exposure
to the distributions and capital appreciation of portfolio of notional
shares or units of ten Dynamic funds:

Dynamic Global Dividend Value Fund Dynamic Power Canadian Growth Fund
Dynamic Value Fund of Canada Dynamic Power Global Growth Class
Dynamic Global Value Fund Dynamic Power Small Cap Fund
Dynamic Dividend Fund Dynamic Canadian Bond Fund
Dynamic Global Discovery Fund Dynamic High Yield Bond Fund

The terms of the offerings are set out in the Information Statements
dated May 12, 2008 relating to the Deposit Notes.

Goodman & Company, Investment Counsel Ltd. is a leading Canadian asset
management company tracing its roots back more than 50 years, with more
than $28 billion in assets under management. Goodman & Company offers a
wide range of wealth management solutions through registered financial
advisors. These include the mutual funds, hedge funds and closed-end
investment trusts of Dynamic Funds, the portfolio solutions of the
Marquis Investment Program, the flow-through limited partnerships of CMP
and Canada Dominion and the high-net investment counsel of Goodman
Private Wealth Management. Goodman & Company is a subsidiary of
DundeeWealth Inc. (TSX: DW).

The above is for information purposes only and is not, and under no
circumstances shall be construed as, an offer to sell or a solicitation
to buy the Deposit Notes or as investment advice. The information
contained herein is subject to and qualified in its entirety by the
Information Statement of the applicable Deposit Note.

The Deposit Notes will be issued by the Bank of Montreal. Goodman &
Company in no way guarantees the principal, any interest, rate of return
or growth on or of the Deposit Notes.

(i) Guarantee of minimum growth is not a guarantee of performance for the
underlying Fund Portfolio. The accumulation phase begins on the closing
date of the Deposit Notes and continues for 5 years in the case of the
Deferred 5 Notes, and for 10 years in the case of the Deferred 10 Notes.
During the accumulation phase, all distributions on the Units of the
funds will be notionally reinvested in additional Units of the Fund
Portfolio and no payments will be made to holders. In the case of
Deferred 5 Notes, the Note NAV will be at least $26 on the anniversary
date of year 17 and in the case of Deferred 10 Notes, the Note NAV will
be at least $51 on the anniversary date of year 20. After such dates, the
NAV per Note will continue to depend on the performance of the Fund
Portfolio so long as neither an extraordinary event nor capital
preservation event occurs. "RetirementEdge Income Portfolios", "Deferred
10 Notes", "Deferred 5 Notes", "Current Pay Notes" are trademarks of BMO
Nesbitt Burns Corporation Limited used under license.

The fluctuations in the value of, and the return on, the fund portfolio
will directly impact the distributions and return, if any, on the Deposit
Notes. It is possible that no return will be paid on the Deposit Notes.
The return, if any, on the Deposit Notes will be reduced by applicable
fees and trading prior to maturity may be subject to an early trading
charge as set out in the applicable Information Statement. Investors
should read the Information Statement carefully before investing and
discuss the suitability of the Deposit Notes with an Investment Advisor
before making any investment decisions.

Neither Goodman & Company nor Bank of Montreal makes any recommendation
as to the suitability of investing in securities generally or the Deposit
Notes. No person has been authorized to give any information or to make
any representation not contained in the Information Statements relating
to the Deposit Notes and Bank of Montreal and Goodman & Company do not
accept any responsibility for any information not contained in the
Information Statements. Bank of Montreal makes no assurances,
representations or warranties with respect to the accuracy, reliability
or completeness of information contained herein. Furthermore, Bank of
Montreal makes no recommendation concerning Dynamic, mutual funds as an
asset class.

Contacts:
Goodman & Company, Investment Counsel Ltd.
Customer Relations Centre
1-800-268-8186
Website: www.dynamic.ca

Myra Reisler
Media Relations
(416) 365-5370

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