Press Release

Sprott Launches Four Focused Strategy Funds Managed by Dennis Mitchell

TORONTO, Nov. 26, 2015 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott") is pleased to announce the launch of four new corporate class funds managed by Senior Portfolio Manager, Dennis Mitchell.

"We are extremely pleased to offer our clients access to Dennis' focused investment strategy," said John Wilson, CEO of Sprott. "Dennis has an excellent long-term track record executing this strategy, which we believe will complement our existing offerings and provide our clients with a broader range of investment choices."

"I believe strongly in building concentrated portfolios of high quality businesses when they offer sufficient return potential for the risk incurred," said Dennis Mitchell, Senior Portfolio Manager of Sprott. "I think that this is the best way to generate strong, risk-adjusted returns for clients over the long term and I look forward to working with Sprott clients to help them achieve their investment goals."

The new Sprott Funds that make up the Focused Strategy are:

Sprott US Focused Dividend Class

The Fund's investment objective is to provide consistent, regular income and capital appreciation by investing primarily in a diversified portfolio of dividend yielding U.S. equities.

Sprott US Focused Balanced Class

The Fund's investment objective is to provide consistent, regular income and capital appreciation by investing primarily in a diversified portfolio of U.S. equities and fixed income securities.

Sprott Global Focused Dividend Class

The Fund's investment objective is to provide consistent, regular income and capital appreciation by investing primarily in a diversified portfolio of dividend yielding global equities.

Sprott Global Focused Balanced Class

The Fund's investment objective is to provide consistent, regular income and capital appreciation by investing primarily in a diversified portfolio of global equities and fixed income securities.

All of the portfolios will pay a monthly distribution to unitholders and will be managed by Dennis Mitchell utilizing his unique Focused Business Investing strategy.

Mr. Mitchell has more than a decade of experience in the financial industry. Prior to joining Sprott he was Executive Vice-President and Chief Investment Officer at Sentry Investments, where he oversaw more than $18 billion in AUM. He is a three-time winner of a Brendan Wood International Canadian TopGun Award* (2009, 2010 and 2011), given by the sell-side community to those with the best grasp of the industries in which they invest and the most influence in the Canadian market. Mr. Mitchell is also a winner of the Brendan Wood International 2012 Canadian TopGun Team Leader**. He received an Honours BBA degree from Wilfrid Laurier University and an MBA from the Schulich School of Business at York University. Mr. Mitchell also holds the Chartered Financial Analyst (CFA) designation.

For further information on Sprott Asset Management LP and the Sprott Mutual Funds, please visit www.sprott.com or call us at (866) 299-9906 or email us at invest@sprott.com

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 Mutual 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 the Sprott Mutual Funds may be sold in their jurisdiction.

Source: Sprott Asset Management

*http://topgunpress.com/50-canadian-topgun-investment-minds-announced-by-brendan-wood-international/

**http://topgunpress.com/brendan-wood-announces-canadian-topgun-investment-minds/

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