BMO Capital Markets Bolsters Commitment to the Global Mining Industry with Hiring of Four Equity Research Analysts



    Expanded research platform strengthens BMO's long-term focus on metals
    and mining

    TORONTO, Aug. 24 /CNW/ - BMO Capital Markets, the investment and
corporate banking arm of BMO Financial Group (TSX, NYSE:   BMO), has
significantly expanded its research coverage of global metals and mining
companies with the hiring of four equity analysts to be based in Toronto,
Canada and London, England.
    The appointments, which signify BMO Capital Markets' continued and
longstanding commitment to the metals and mining industry, creates one of the
world's largest mining research teams, with a total of 23 research
professionals.
    Senior analysts Tony Robson and David Haughton, formerly of Global Mining
Research in Australia, have moved to Toronto to join BMO Capital Markets'
industry leading mining research team. Mr. Robson brings outstanding
experience in covering global senior metals stocks and Mr. Haughton's
expertise has centered on covering the global gold sector.
    In addition, BMO Capital Markets is adding two mining analysts in London,
England, who will be joining the firm in September to cover diamonds and
mining exploration companies.
    All four of the new analysts will share their coverage responsibilities
with BMO's highly regarded current team of mining analysts: Andrea Cheung,
Heather Douglas, John Hayes, Craig Miller, Jay Turner and Nawojka Wachowiak.
    "This is a major acquisition of intellectual talent," said Yvan Bourdeau,
Chief Executive Officer, BMO Capital Markets. "Our ability to attract
individuals of this calibre is a strong testament to the reputation of BMO
Capital Markets as a leader in global mining research. We are committed to
building our capabilities beyond what we already offer. It is our goal to
continue to solidify our position in the resources sector and to widen the gap
between BMO Capital Markets and our worldwide competitors."
    "With the addition of the new team members, BMO Capital Markets will now
be working toward establishing active research coverage of more than 150
mining companies domiciled on six continents. This will allow us to continue
to provide our clients access to high quality research coverage in this
growing and dynamic sector," said Mike Miller, Co-Head of Equity Products and
Director of Investment Research, BMO Capital Markets.
    Mr. Robson and Mr. Haughton are founding partners of Global Mining
Research, a well respected independent provider of international mining
research. Headquartered in Sydney, Australia, the firm was launched in 2003
and became a successful and internationally recognized business providing
unique and world-class mining research for institutional investors. Global
Mining Research analyzed more than 75 major Australian, North American, South
African, UK, European, Asian and Russian listed precious metal and mining
companies with a combined total market capitalization of US$800-billion.
    With 20 years of industry experience, Mr. Robson is a highly regarded
analyst whose work includes research on an array of international large cap
diversified nickel and aluminum companies. He was named the No. 2 analyst in
the Reuters Asia-Pacific 2002 survey by mining companies for base metals and
diversified resources. Prior to establishing Global Mining Research, Mr.
Robson was a senior mining analyst with BNP Paribas and Prudential Securities.
He has a Master of Mineral Economics from Macquarie University in Australia
and a Master of Science in Geology from the University of Sydney.
    Mr. Haughton has more than 10 years of experience researching global
mining companies as a senior equity analyst and a further seven years of
experience as a financial analyst in the resources sector. Mr. Haughton was
previously rated as one of the top three sector analysts by investors and
companies in various Australian surveys. Prior to Global Mining Research, Mr.
Haughton was a global mining analyst with BNP Paribas and Prudential
Securities. He has a Master of Business Administration from the University of
Queensland in Australia and a Master of Applied Science in Geology from the
Queensland University of Technology.

    About BMO Capital Markets' Metals & Mining Group

    BMO Capital Markets has been focused on the Metals & Mining industry for
almost 100 years. As a member of BMO Financial Group, (TSX, NYSE:   BMO), the
firm is able to leverage the financial strength and capabilities of one of
North America's leading financial services organizations. With 10 dedicated
Metals & Mining equity research analysts, BMO Capital Markets will provide
clients with access to outstanding analysis in base metals, precious metals,
coal and uranium, among other sub-sectors. BMO Capital Markets has offices in
26 locations globally including London, Melbourne, Beijing, Munich, Lugano,
Zurich, Toronto, New York and Chicago. For more information, visit:
www.bmocm.com.





For further information:

For further information: Kim Hanson, Toronto, kim.hanson@bmo.com, (416)
867-3996; Jacques Vaillancourt, London, England/Melbourne, Australia,
jacques.vaillancourt@bmo.com, +44 0207 246 5406; Ronald Monet, Montreal,
ronald.monet@bmo.com, (514) 877-1101; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596; Kevin Windorf, New York,
kevin.windorf@bmo.com, (212) 885-4111

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