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BMO Financial Group Chief Risk Officer to Discuss Current Risk Environment

Bob McGlashan, Executive Vice-President and Chief Risk Officer, BMO Financial Group, and key members of his risk management team, will provide the investor community with a brief overview of BMO's approach to risk management and a discussion of the current risk environment, during a Risk Management presentation to be held at First Canadian Place on Thursday, January 26, 2006, at 8:30 a.m.

The presentation, which will include a question and answer session, will be available to news media in a listen-only mode:

         Via telephone at : 1 (877) 461-2814 or (416) 695-9753 (Toronto area)

         Presentation material referenced during the conference call will be available at

Conference Call Rebroadcast

A rebroadcast of the presentations will be available until midnight, Wednesday, February 8, 2006, by calling 1 (888) 878-3220 or (416) 641-2136 and entering passcode 7200#.

The webcast will be available at until Wednesday, April 26, 2006.