BMO Financial Group Donates $500,000 to Sauder School of Business at UBC



    VANCOUVER, June 7 /CNW/ - BMO Financial Group (TSX, NYSE:   BMO) today
announced it has made a donation of $500,000 to support the Sauder School of
Business at the University of British Columbia.
    Sauder School of Business is one of Canada's foremost research-based
business schools and an internationally recognized leader in creating business
knowledge. BMO's donation will be designated to the naming of a classroom. BMO
presented the gift to Sauder at the school's 50th anniversary dinner in
Toronto last night.
    "BMO is proud to be associated with the Sauder School of Business, and we
extend our best wishes for the campaign's every success," said Yvan Bourdeau,
CEO, of BMO Capital Markets. Mr. Bourdeau is an alumnus of Sauder and a former
member of the school's advisory board.
    The pledge by BMO contributes to Sauder's $65 million redevelopment and
expansion plan, which will be dedicated to enhancing the school's teaching and
research facilities. With a network of more than 28,000 alumni who are making
significant contributions in Canada and around the world, Sauder continues to
grow as a global leader in business management education.
    "At the Sauder School of Business, we have developed innovative programs
and a world-class community of faculty and students. Unprecedented growth and
new approaches to teaching and learning have created the need for expanded and
updated facilities. This gift brings us one step closer to achieving our goals
and we are very grateful for BMO's support," said Dean Daniel F. Muzyka.

    About The Sauder School of Business

    The Sauder School of Business at the University of British Columbia is
Canada's leading academic business school, recognized globally for its
contributions to the transformation of business practices through innovative
research and teaching. The school has over 28,000 alumni in 70 countries
around the world.

    About BMO Financial Group

    BMO Financial Group (TSX, NYSE:   BMO), has a proud tradition of supporting
community reinvestment and corporate and social responsibility to the
communities it serves. In 2006, BMO Financial Group pledged $2.9 million in
new funding to 10 universities and colleges across Canada. BMO Financial Group
contributed more than $40 million in corporate donations, sponsorships and
events in 2006, supporting thousands of communities, charities and
not-for-profit organizations in Canada and the United States. For more
information, please visit www.bmo.com.

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/





For further information:

For further information: Media Contacts: Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596; Leanna Yip, Sauder School of Business,
leanna.yip@sauder.ubc.ca, (604) 616-0400


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