Gluskin Sheff + Associates Inc. acquired over 10% outstanding units of Centenario Copper Corporation for investment purposes



    TORONTO, June 2 /CNW/ - Gluskin Sheff + Associates Inc. (the "Company" or
"Gluskin Sheff") announced today that it has acquired, on behalf of certain
private client accounts, 523,640 shares of Centenario Copper Corporation
("Centenario Copper") through the facilities of the Toronto Stock Exchange. As
of today, Gluskin Sheff has control over, but not ownership of, 5,264,885
shares or approximately 10.3% of the outstanding shares of Centenario Copper.
    The shares were acquired for investment purposes only and not with the
purpose of influencing control or direction of Centenario Copper. Gluskin
Sheff may, subject to market conditions, make additional investments in or
dispositions of shares of Centenario Copper.

    About the Company

    Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's
pre-eminent wealth management firms serving high net worth private clients and
institutional investors. The Company's subordinate voting shares are listed on
the Toronto Stock Exchange under the symbol "GS". For more information about
Gluskin Sheff, please visit the Company's website at www.gluskinsheff.com.

    Forward-Looking Statements

    This press release may contain forward-looking statements relating to
Gluskin Sheff + Associates Inc.'s business and the environment in which it
operates. These statements are based on the Company's expectations, estimates,
forecasts and projections. They are not guarantees of future performance and
involve risks and uncertainties that are difficult to control or predict.
These risks and uncertainties are discussed in the Company's regulatory
filings available on the Company's website at www.gluskinsheff.com or at
www.sedar.com. Actual outcomes and results may differ materially from those
expressed in these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements. Further, a
forward-looking statement speaks only as of the date on which such statement
is made. The Company undertakes no obligation to publicly update any such
statement or to reflect new information or the occurrence of future events or
circumstances.





For further information:

For further information: Valerie Barker, Gluskin Sheff + Associates
Inc., Chief Financial Officer and Secretary, Phone: (416) 681-6002, Fax: (416)
681-6060


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