Bahia Metals Corp.CSE: BMT

BMONT Split Corp. - Announcement of Initial Members of the Independent Review Committee

· Issued by Bahia Metals Corp. via CNW

TORONTO, May 1 /CNW/ - Scotia Capital Inc. ("SCI") announced today the appointment of the initial members of the independent review committee ("IRC") under National Instrument 81-107, Independent Review Committee for an Investment Fund ("NI 81-107") in respect of BMONT Split Corp. for which SCI acts as the administrator. The initial members of the IRC are Mr. Kenneth G. Copland and Mr. D. Michael Lay. Under NI 81-107, the initial members of the IRC must be appointed by May 1, 2007 and full compliance with NI 81-107 must be achieved by November 1, 2007.

BMONT Split Corp. is a mutual fund corporation created to hold a portfolio of common shares of Bank of Montreal. Capital Shares and Preferred Shares of BMONT Split Corp. are listed for trading on The Toronto Stock Exchange under the symbols BMT and BMT.PR.A respectively.

%SEDAR: 00020962E