TORONTO, ONTARIO--(Marketwire - Aug. 15, 2011) - Sentry Select Primary Metals Corp. (TSX:PME) (the "Corporation") is pleased to announce that the Board of Directors of the Corporation has approved an increase in the monthly cash dividend per Class A share from $0.085 to $0.09.

The dividend increase will be effective September 15, 2011, to security holders of record on August 31, 2011, and will remain as such until further guidance is provided by the Corporation. Based on the closing price per Class A share of $11.17 on the TSX on August 12, 2011, the dividend represents a cash-on-cash yield of approximately 9.7%.

Sentry Select Primary Metals Corp.

The Corporation 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.

Sentry Investments

Sentry Investments is a Canadian asset management company with approximately $6.5 billion in assets under management on behalf of Canadian investors. We offer a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investment products. Sentry Investments was recognized as Canada's Best Equity Fund Family at the Lipper Fund Awards 2011 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 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. 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. The Corporation 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

Sentry Select Primary Metals Corp.
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

Contact Information:

Sentry Select Primary Metals Corp.
Investor Relations
(broker/investor inquiries and media inquiries)
416-364-1197 (FAX)