BluMont Capital Launches BluMont Man Alternative Yield Fund.

TORONTO -- BluMont Capital Inc. ("BluMont") (TSX VENTURE:BCC) is pleased to announce that its wholly-owned subsidiary, BluMont Capital Corporation, has launched the BluMont Man Alternative Yield Fund ("Alternative Yield Fund") - a multi-manager/multi-strategy closed-end investment trust that targets a 6% yield per annum. A syndicate of investment dealers, led by CIBC World Markets Inc., that includes BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Blackmont Capital Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Dundee Securities Corporation and Wellington West Capital Inc., will act as agents.

The Alternative Yield Fund is structured to provide Unitholders with distributions derived from exposure to a leveraged investment portfolio of alternative investments that has the potential to deliver positive returns in both rising and falling markets, provide benefits of diversification and low correlation to stock and bond portfolios. In addition to its aim of preserving and growing capital, the trust aims to pay Unitholders monthly tax-efficient distributions of $0.05 per Unit ($0.60 per annum to yield 6.0% on the subscription price of $10.00 per Unit).

The Alternative Yield Fund combines exposure to two of Man Investment's highly diversified and complementary investment programmes: the Glenwood Portfolio and the AHL Diversified Programme (which are not directly available to Canadian investors), both of which are lowly correlated to each other and to stock and bond portfolios.The Glenwood Portfolio (fund-of-hedge funds) aims to achieve medium-term capital growth with low volatility by allocating assets across a broad range of alternative investment strategies in order to achieve strong risk-adjusted returns. The AHL Diversified Programme (managed futures) aims to achieve medium-term capital growth by trading a diversified portfolio of stock index, bond, currency, short-term interest rate and commodity (energy, metal and agricultural) futures contracts and other financial derivative instruments. The investment portfolio will provide initial exposure of approximately 75% to the Glenwood Portfolio and approximately 25% exposure to the AHL Diversified Programme, with a targeted total investment exposure of 130% of net asset value of the trust.

The Alternative Yield Fund is available to investors until February 14, 2006 for a minimum investment of C$5,000.

"This product offers an exclusive opportunity to invest with one of the world's largest alternative investment firms - Man Investments" says Steve Kangas, President of BluMont Capital. "With bond yields low, investors are looking for alternative forms of generating yield in their portfolios. The BluMont Man Alternative Yield Fund is a stable, lowly correlated alternative to non-traditional yield products".

About BluMont Capital

BluMont Capital is a leading provider of alternative investment products to Canadian investors. Specializing in hedge funds, the firm offers investors innovative investment solutions that provide enhanced diversification and robust return potential.BluMont employs 43 people nationwide and has approximately C$770 million in assets under management.BluMont is 46.1% indirectly owned by Toronto-based Integrated Asset Management Corp. (TSX VENTYRE:IAM), a leading alternative asset manager with approximately C$3 billion in assets under management and commitments. Further information on BluMont Capital can be found at www.blumontcapital.com.

About Man Investments

Man Investments ("Man"), the asset management division of Man Group plc, is a global leader in the fast growing alternative investments industry.It provides innovative products and tailor-made solutions for private and institutional investors. Through its core investment managers - AHL, Glenwood, Man Global Strategies and RMF - Man Investments has succeeded in developing leadership in hedge funds and has interests in other asset classes. In its core hedge fund asset class, Man offers funds of hedge funds, structured and style products.Its track record stretches back more than two decades and defines the standard for excellence in an industry whose central goal is to provide diversification away from traditional equity and bond investments.Man has a powerful global presence with central operations in Pfaffikon (Switzerland) and London, and key centres in Chicago, Montevideo, Hong Kong, Sydney, Tokyo and Dubai and has an extensive network of distribution partners.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

BluMont Capital Inc. (TSX VENTURE:BCC)