Precious Metals and Mining Trust (TSX: MMP.UN) provides details regarding the 2013 annual redemption

TORONTO, ONTARIO--(Marketwired - Oct. 2, 2013) - Sentry Investments Inc. ("Sentry"), the manager of Precious Metals and Mining Trust (the "Trust"), announces that unitholders who redeemed their units of the Trust (the "Units") effective September 30, 2013, will receive the redemption amount determined in accordance with clause (ii) of the definition of Net Realized Proceeds Per Unit set out in the Trust's Amended and Restated Declaration of Trust, dated May 17, 2013 (the "Declaration of Trust"), as Sentry determined that it was not practicable to make the dispositions described in clause (i) of that definition. As a result, unitholders who tendered Units will receive the Redeeming Percentage of the Trust's Net Asset Value on the Redemption Date, less any applicable costs that Sentry believes would have resulted from the dispositions described in clause (i).

Precious Metals and Mining Trust

The Trust is a closed-end investment trust that aims to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust invests in an actively managed portfolio consisting primarily of equity securities of mining issuers listed on a North American stock exchange. The Units trade on the Toronto Stock Exchange under the symbol MMP.UN.

Sentry Investments

Sentry Investments was founded in 1997 and has grown to become one of Canada's largest and fastest-growing independent asset management companies. Sentry manages over $10 billion in assets on behalf of more than 350,000 Canadian investors. Sentry offers a diverse range of award-winning investment products available through financial advisors, including domestic, international and income-oriented mutual funds and separately managed accounts. Sentry is one of only three firms to receive four consecutive Brendan Wood International TopGun Asset Management Team Awards (2009 to 2012).

Any capitalized terms used herein but not defined are as defined in the Declaration of Trust.

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 Sentry, or the Trust. The forward-looking statements are not historical facts but reflect Sentry's current expectations regarding future results or events, including, but not limited to, the intended method of paying the redemption amounts owed to unitholders of the Trust. 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 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. Sentry 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 Trust, please visit their profiles at www.sedar.com.

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