Press Release

Sprott Inc. announces filing of preliminary prospectus

        /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE      UNITED STATES/        TORONTO, April 10 /CNW/ - Sprott Inc. (the "Company") today announced  that it has filed a preliminary prospectus with the securities regulators in  each of the provinces and territories of Canada in respect of an initial  public offering by way of a secondary offering of common shares of the  Company. This initial public offering will be made through a syndicate of  underwriters co-led by Cormark Securities Inc. and TD Securities Inc. and  including CIBC World Markets Inc., RBC Dominion Securities Inc.,  Scotia Capital Inc., BMO Nesbitt Burns Inc., GMP Securities L.P.,  Canaccord Capital Corporation, National Bank Financial Inc., Jennings Capital  Inc., Paradigm Capital Inc. and Clarus Securities Inc.      Immediately prior to the closing of the initial public offering, the  Company will acquire 100% of the outstanding shares of Sprott Asset Management  Inc. ("SAM"). SAM is a leading independent asset manager with approximately  $6.9 billion in assets under management. SAM is the manager of the Sprott  Funds.        No securities regulatory authority has either approved or disapproved of  the contents of this news release. The securities being offered have not been  and will not be offered or sold in the United States or to, or for the account  or benefit of, a "U.S. person", as such term is defined in Regulation S under  the United States Securities Act of 1933, as amended. This press release is  for information purposes only and does not constitute an offer to sell or a  solicitation of an offer to buy any of these securities in the United States.        Forward-Looking Statements        This release contains "forward-looking statements" which reflect the  current expectations of the Company. These statements reflect management's  current beliefs with respect to future events and are based on information  currently available to management. Forward-looking statements involve  significant known and unknown risks, uncertainties and assumptions. Many  factors could cause actual results, performance or achievements to be  materially different from any future results, performance or achievements that  may be expressed or implied by such forward-looking statements including,  without limitation, those listed under the heading "Risk Factors" in the  Company's prospectus. Should one or more of these risks or uncertainties  materialize, or should assumptions underlying the forward-looking statements  prove incorrect, actual results, performance or achievements could vary  materially from those expressed or implied by the forward-looking statements  contained in this release. Although the forward-looking statements contained  in this release are based upon what the Company and SAM believe to be  reasonable assumptions, neither the Company nor SAM can assure investors that  actual results, performance or achievements will be consistent with these  forward-looking statements. These forward-looking statements are made as of  the date of this release and neither the Company nor SAM assumes any  obligation to update or revise them to reflect new events or circumstances.