Press Release

Sprott 2015 Flow-Through Limited Partnership Completes Initial Public Offering on CEE Units

TORONTO, April 30, 2015 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott") is pleased to announce that the Sprott 2015 Flow-Through Limited Partnership (the "Partnership") has completed the third and final closing of its initial public offering of CEE limited partnership units (the "CEE Units") pursuant to a prospectus dated January 30, 2015 offering CEE Units and CDE limited partnership units (the "CDE Units"). The Partnership issued an additional 209,898 CEE units for aggregate gross proceeds of approximately $21 million.

Investment Objective of the Partnership

The Partnership's investment objective is to achieve capital appreciation and significant tax benefits for Limited Partners by investing in a diversified portfolio of flow-through shares and other securities, if any, of resource issuers.

Attractive Tax-Reduction Benefits

Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Sprott anticipates that investors participating in the Partnership will be eligible to receive a tax deduction in 2015 that is approximately 100% of the amount invested in the Partnership in respect of the CEE Units, based on certain assumptions as set forth in the prospectus. An investment in the CDE Units is anticipated to deliver a tax deduction that is approximately 100% of the amount invested spread out over three years, based on certain assumptions as set forth in the prospectus.

Resource Expertise

The Partnership will be managed by Sprott, one of Canada's leading investors in small and mid- cap resource companies, with approximately $5.3 billion (as at December 31, 2014) dedicated to the sector. Over its long history of investing in the resource sector, Sprott has developed relationships with hundreds of companies. Its experienced team of portfolio managers is supported by a team of technical experts with extensive backgrounds in mining and geology.

Portfolio managers Jason Mayer and Eric Nuttall will co-manage the Partnership and will be supported by Sprott's broader team of experienced resource investment professionals.

Agents

The offering was made through a syndicate of agents co-led by RBC Capital Markets, CIBC, Scotiabank and TD Securities Inc. and included BMO Capital Markets, National Bank Financial Inc., GMP Securities L.P., Canaccord Genuity Corp., Desjardins Securities Inc., Manulife Securities Incorporated, Raymond James Ltd. and Sprott Private Wealth LP.

About Sprott Asset Management LP

Sprott Asset Management LP is a leading independent asset management company headquartered in Toronto, Canada. The company manages the Sprott family of mutual funds, hedge funds, physical bullion funds and specialty products and is dedicated to achieving superior returns for its investors over the long term. The company also manages discretionary managed accounts. Please visit us at www.sprott.com to learn more about our investment professionals and their market insights. For inquiries regarding the offering, please contact us at (416) 943‑6707 or (866) 299‑9906 or invest@sprott.com.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expects", "intends", "anticipates", "will" and similar expressions to the extent that they relate to the Partnership. The forward-looking statements are not historical facts but reflect the General Partner's and Sprott's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the General Partner and Sprott believe the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the General Partner nor Sprott undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

You are now leaving Sprott.com and entering a linked website. Sprott has partnered with ALPS in offering ETF products. For fact sheets, marketing materials, prospectuses, performance, expense information and other details about the ETFs, you will be directed to the ALPS/Sprott website at www.SprottETFs.com

An investor should consider investment objectives, risks, charges and expenses carefully before investing. The prospectuses contain this and other important information. For more information about the ETFs or to obtain a prospectus, call 1.855.215.1425. Read the prospectuses carefully before investing. The ETFs are distributed by ALPS Distributors, Inc. ALPS Advisors, Inc. is the investment adviser to the ETFs and Sprott Asset Management LP is the investment sub-adviser. Sprott is not affiliated with ALPS.

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