Precious Metals Bullion Trust Announces Initial Public Offering

TORONTO, ONTARIO, Jun 16 (MARKET WIRE) --
Brompton Funds Management Limited (the "Manager") is pleased to announce
that Precious Metals Bullion Trust (the "Fund") has filed a preliminary
prospectus for a public offering of Combined Units at a price of $12.00
per Combined Unit. Each Combined Unit consists of one transferable,
redeemable unit of the Fund and one transferable warrant of the Fund.
Each Warrant entitles the holder to purchase one Unit at a subscription
price of $12.00 on or before 5:00 p.m. (Toronto time) on January 31, 2010.

The investment objective of the Fund is to provide Unitholders with a
secure, low cost and convenient method of investing in gold, silver and
platinum (together, "Precious Metals") bullion on a Canadian
dollar-hedged basis. The Units are redeemable quarterly for a redemption
price equal to 100% of the Net Asset Value per Unit.

The net proceeds of the offering will be used to purchase approximately
equal dollar amounts of physical gold, silver and platinum bullion as
soon as practicable following closing in accordance with the investment
objective and restrictions of the Fund. All of the Fund's physical
bullion will be stored on an allocated, segregated and insured basis. As
Precious Metals are typically quoted in U.S. dollars, substantially all
of the value of the portfolio denominated in U.S. dollars will be hedged
to the Canadian dollar. The Fund will not rebalance the portfolio back to
equal weight following closing.

Precious Metals have historically been regarded as a store of value, a
hedge against inflation and a safe harbour in times of financial and
geopolitical distress. During periods where inflation was greater than 5%
per annum, an equal dollar-weighted investment in Precious Metals
outperformed major equity and bond indices. An equal weighted investment
in Precious Metals would have provided investors with a 237% aggregate
U.S. dollar total return (an annual compound return of 12.9%) over the
10-year period ending May 31, 2009. Precious Metals have low or negative
correlations with bonds and equities, providing portfolio diversification
benefits. By purchasing Units, Unitholders will enjoy many of the
benefits of a direct investment in Precious Metals such as avoiding
counterparty or company specific risks typically associated with
derivative-based exposure to commodities and equity securities.

The syndicate of agents for the offering is being co-led by BMO Nesbitt
Burns Inc., RBC Dominion Securities Inc., and Scotia Capital Inc., and
includes Canaccord Capital Corporation, HSBC Securities (Canada) Inc.,
Dundee Securities Corporation, Raymond James Ltd., Research Capital
Corporation, Wellington West Capital Markets Inc., Blackmont Capital
Inc., Desjardins Securities Inc., Manulife Securities Incorporated,
Haywood Securities Inc. and Richardson Partners Financial Limited.

For further information, please contact your financial advisor, call our
investor relations line at 416-642-9051, (toll-free at 1-866-642-6001) or
visit our website at www.bromptongroup.com.

Commissions, trailing commissions, management fees and expenses all may
be associated with investment funds. Please read the prospectus before
investing. Investment funds are not guaranteed, their values change
frequently and past performance may not be repeated.

Forward-Looking Statements

Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian securities
laws. Forward-looking information may relate to matters disclosed in this
press release and to other matters identified in public filings relating
to the Fund, to the future outlook of the Fund and anticipated events or
results and may include statements regarding the future financial
performance of the Fund. In some cases, forward-looking information can
be identified by terms such as "may", "will", "should", "expect", "plan",
"anticipate", "believe", "intend", "estimate", "predict", "potential",
"continue" or other similar expressions concerning matters that are not
historical facts. Actual results may vary from such forward-looking
information.

Contacts:
Brompton Funds Management Limited
David E. Roode
Senior Vice-President
416-642-6008

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