From BMO - 06 Dec 2011

Subject: Diversify your portfolio with gold bullion

You can now diversify your portfolio with gold bullion. Having the ability to own physical gold is an option many investors find appealing. With the launch of our new Gold Deposit and Delivery Program, you will be able to purchase physical gold in a simple and cost effective way. This unique program allows you to purchase gold and either have it held in a custodial account operated by BMO Nesbitt Burns at an approved third party storage facility or delivered to your home.

Deposit Program
Purchased gold is deposited in a custodial account operated by BMO Nesbitt Burns at an approved third party storage facility
The facility is responsible for, and bears the risk or loss of, and damage to, the gold bullion in its custody
You pay no annual storage fees or annual MER. Withdrawal and delivery fees may apply. The program offers daily liquidity and physical withdrawal and delivery options1

Delivery Program2
Purchased gold is delivered to your home Physical gold can ONLY be purchased through our investment representatives. Minimum purchase is one troy ounce of gold.

For details about the programs or to buy gold, call us at 1 888 776-6886 during our business hours from 8:00 a.m. - 8:00 p.m. ET, Monday to Friday.

1 Your completed Delivery Order form is required to request the physical delivery of gold to your home. Withdrawal and Delivery Fee is equal to CDN$100.00 per ounce, plus applicable taxes.

2 Before participating in either Program, Clients should be aware that electing to take physical delivery of gold bullion involves certain considerations, risks, and limitations, including, without limitation, that an investment in gold bullion is speculative and past performance of the price of gold bullion is not indicative of future performance. Clients should carefully review fully and in its entirety the Disclosure Statement and related Terms and Conditions applicable to the Program before participating in either the Gold Deposit Program or the Gold Delivery Program. Once physical gold bullion is taken out of the deposit system (i.e. physically delivered), neither Bank of Montreal, BMO Nesbitt Burns Inc., BMO InvestorLine or any other party will buy it back from you. The Gold Deposit Program is not available to residents of PEI or the Territories. The gold under the Programs will not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act or any other deposit insurance regime.