Press Release

Sprott Asset Management Appoints New National Sales Manager

TORONTO, Sept. 12, 2011 /CNW/ - Sprott Asset Management LP ("Sprott") is pleased to announce that John David (J.D.) Rothstein has joined Sprott as Senior Vice President and National Sales Manager.

"We are very pleased to have a proven sales leader of J.D.'s calibre join our team," said James Fox, President of Sprott Asset Management. "With a demonstrated track record of sales success for one of Canada's largest investment managers, J.D will play a key role in strengthening and expanding Sprott's sales team to better service the needs of our growing client base."

Mr. Rothstein has over 15 years' experience in the investment industry. For the past six years, he was Regional Vice President at Dynamic Funds. Previously, J.D. was Vice President, Business Development at Dynamic where he directly served the needs of financial advisors.

About Sprott Asset Management LP
Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual Funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if these Funds may be sold in their jurisdiction.