University of Saskatchewan Students to Benefit from BMO Financial Group Donation of $500,000

Posted June 16, 2006


FOR IMMEDIATE RELEASE - June 16, 2006 2006-06-07-OTHER

University of Saskatchewan Students to Benefit from
BMO Financial Group Donation of $500,000

SASKATOON, June 16, 2006 -- Student scholarships at the University of
Saskatchewan received a significant boost today with the announcement of a
$500,000 donation from BMO Financial Group.

BMO's donation will establish the BMO Financial Group Scholarship Program
providing a $16,000 scholarship over four years to one undergraduate student
annually.

The donation, to the University's Thinking the World of our Future campaign,
was presented by Ken Segboer, BMO Bank of Montreal Vice President
Saskatchewan, during celebrations to mark the 100th Anniversary of the
bank's Saskatoon main branch.

"Our donation to the University of Saskatchewan is further proof of our
commitment to supporting and strengthening higher learning in Saskatchewan
and across the country," said Mr. Segboer. We believe that our financial
support will help the University to continue to attract the very best
scholars, maintaining its reputation for excellence in higher education."

"This magnificent gift will go a very long way to ensure that undergraduate
students are strongly supported throughout their studies," said Heather
Magotiaux, Vice-President University Advancement. "Our ability to offer
scholarships also enhances accessibility to the University and will have a
significant impact on our ability to attract and retain high-calibre
students."

Since its founding in 1817 as Bank of Montreal, BMO Financial Group has
supported the principles of community reinvestment and corporate and social
responsibility to the communities it serves. In 2005, BMO Financial Group
contributed $29.5 million in corporate donations, sponsorships and events in
Canada, supporting thousands of communities, charities and not-for-profit
organizations across the country. BMO was also named Canada's Best Corporate
Citizen for 2005 by Corporate Knights. BMO Bank of Montreal has 29 branches,
two northern outlets and more than 350 employees in Saskatchewan.

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For further information, contact:

Laurie Grant
BMO Financial Group
Tel: (604) 665-7596,
Email: laurie.grant@bmo.com
Internet: www.bmo.com

Heather Magotiaux
Vice-President
University Advancement
University of Saskatchewan
Tel: (306) 966-5176
Email: heather.magotiaux@usask.ca


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