Integrity's Oklahoma Municipal Fund Receives a 2008 Lipper® Fund Performance Award

Business Wire, July 7, 2008

Fund listed as Best Fund over Three Years

MINOT, N.D. -- Integrity Mutual Funds, Inc. (IMFD.OB), a mutual fund and financial services company, announced today that its Oklahoma Municipal Fund (OKMUX) has received a 2008 Lipper[R] Fund Performance Award. Lipper has ranked the Fund number one out of 72 funds in the Lipper Fixed Income Fund Performance Analysis Service for the Three Year Period Ending March 31, 2008 in the Other States Municipal Debt Funds Category.

"We are very pleased with this recognition from Lipper," said Monte Avery, senior portfolio manager of the Oklahoma Municipal Fund. "Recognition of the Oklahoma Municipal Fund as the Best Fund over Three Years in its category highlights how Integrity Mutual Funds continues to provide advisors and their investors with the best possible solutions for reaching financial goals."

The Oklahoma Municipal Fund is designed to provide consistent returns, monthly dividends, competitive yields and income exempt from state and federal income tax.

Lipper rankings are based on total return and do not take sales charges into account. Lipper's Performance Achievement Certificates are awarded to funds with returns that topped their Lipper category over one or more time periods: one, three, five, 10 or 15-year (depending on universe). Certificates are awarded for all Lipper Classifications and for the overall fund universe. Open-end funds, closed-end funds and variable insurance products are considered for awards.

The Lipper Fund Awards program spotlights funds and fund families that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. For more information, including methodology, please visit http://www.lipperweb.com/research/fund_awards.asp.> Integrity Mutual Funds, Inc. is publicly traded over the OTC Bulletin Board under the symbol IMFD.OB. With its subsidiaries, Integrity Money Management, Inc., Integrity Fund Services, Inc., and Integrity Funds Distributor, Inc., the firm sponsors, manages, and advises mutual funds. IMFD also owns Capital Financial Services, Inc., a full-service brokerage firm that specializes in providing investment products and services to independent investment representatives, financial planners, and investment advisors throughout the United States. More information is available at http://corp.integrityfunds.com or by calling (800) 276-1262.

Please consider carefully the fund's investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.integrityfunds.com or by calling 1-800-276-1262. Read it carefully before investing. Distributed by Integrity Funds Distributor, Inc.

Bond Funds generally decline in value as interest rates rise. High yield securities are lower quality debt securities and are subject to greater risk of default or price changes due to changes in the credit quality of the issuer.