Sprott Adds Flow-Through Specialist to Investment Team

TORONTO, Nov. 28, 2012 /CNW/ - Sprott Asset Management LP ("Sprott") today announced that Jason Mayer has joined as Portfolio Manager, focused on the company's tax efficient Flow-Through product offerings.

"We are pleased to add another high-quality portfolio manager to our team and look forward to Jason joining Allan Jacobs and Eric Nuttall in managing our tax-efficient Flow-Through offerings," said Peter Grosskopf, CEO of Sprott Inc. "Jason's focus on Flow-Through and resource investing makes him an ideal complement to our investment team."

Mr. Mayer has more than 10 years of investment industry experience and joins Sprott from Middlefield Capital Corporation, where he acted as lead portfolio manager on a number of investment funds with a focus on growth-oriented resource equities and contributed to the management of Middlefield's MRF Resource Limited Partnerships.  Mr. Mayer is an MBA graduate of the Schulich School of Business (York University) and holds the Chartered Financial Analyst designation.

Sprott also announced today that Mr. Mayer will join Paul Wong in co-managing Sprott Resource Class, a tax-advantaged mutual fund that serves as the rollover vehicle for Sprott's Flow-Through offerings.

About Sprott Asset Management LP
Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is an investment manager dedicated to achieving outstanding returns for its investors over the long-term. With a history dating back to 1981, Sprott has a team of leading investment professionals that think independently and have the courage to act on their convictions. Our clients include individual and high-net-worth investors, institutions and endowments. Please visit us at www.sprott.com to learn more about our award-winning investment professionals and their market insights.

SOURCE: Sprott Asset Management LP

For further information:

Glen Williams
Director of Communications
(416) 943-4394
gwilliams@sprott.com