TORONTO, ONTARIO -- (Marketwire) -- 11/06/09 -- Sentry Select Capital Inc. ("Sentry Select") announces that unitholders of Oil Sands and Energy Mega-Projects Trust (the "Trust") (TSX: OSM.UN) who redeemed their units of the Trust effective October 30, 2009, 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, as Sentry Select determined that it was not practicable to make the dispositions described in clause (i) of that definition. As a result, unitholders who tendered units during the Notice Period will receive the Redeeming Percentage of the Net Asset Value on the applicable Redemption Date, less brokerage fees, commissions and all other transaction costs that the Manager believes would have resulted from a disposition of the Redeeming Percentage of the portfolio.

Sentry Select Capital Inc.

Sentry Select Capital Inc. is a Canadian wealth management company that 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.

Capitalized terms used herein but not defined have the meaning ascribed to them in the Trust's Annual Information Form dated March 31, 2009.

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 Select. The forward-looking statements are not historical facts but reflect Sentry Select'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. Although Sentry Select 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 Select Capital Inc.
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