Press Release

Sprott Asset Management LP Announces Mutual Fund Risk Rating Change

TORONTO, April 28, 2016 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott") announced today a change to the risk rating of Sprott Enhanced U.S. Equity Class (the "Fund"). Sprott determines the risk rating for the Fund in accordance with the methodology recommended by The Investment Funds Institute of Canada.  As a result of its annual review of the investment risk level of the Sprott Mutual Funds, Sprott has determined that the investment risk level of the Fund has changed from "Medium to High" to "Medium".

This change will be reflected in the simplified prospectus of the Fund, which will be filed with Canadian securities regulators in connection with the Fund's 2016 annual renewal.

The investment objective and strategies of the Fund will not change as a result of this change.

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

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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