Correction from Source: Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares First Quarter Common Stock Distribution of $0.11 Per Share

A correction from source is issued for the Sprott Focus Trust, Inc. press release that was disseminated on May 5, 2015. In the first paragraph, the ex-dividend date "May 12, 2015" should have read "May 13, 2015". The corrected release follows:

Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.11 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on May 28, 2015 to stockholders of record at the close of business on May 15, 2015 (ex-dividend on May 13, 2015). The price of shares issued for reinvestment will be determined on May 22, 2015.

The Fund currently has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 5% of the rolling average of the prior four calendar quarter-end net asset values (“NAVs”), with the fourth quarter distribution being the greater of 1.25% of the rolling average or the minimum distribution required by IRS regulations.* The policy, including the annual rate, is subject to change at the discretion of the Fund’s Board of Directors.

The Fund’s estimated sources of the distribution to be paid on May 28, 2015 and for 2015 year-to-date are as follows:

Estimated Allocations as of April 30, 2015

Estimated Allocations for 2015 through April 30, 2015

You should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Fund’s Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

* The NAV for the distribution to be paid on May 28, 2015, is based on the four calendar quarters ending December 31, 2014, in keeping with the Fund’s historical practice.

¹ Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five year period ended April 30, 2015. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

² The annualized Current Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of April 30, 2015.

³ Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2014 to April 30, 2015, assuming reinvestment of distributions paid.

⁴ The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period (January 1, 2015 to April 30, 2015), as a percentage of the Fund’s NAV as of April 30, 2015.