John Wilson to join Sprott as Senior Portfolio Manager

TORONTO, Jan. 24, 2012 /CNW/ - Sprott Asset Management LP ("Sprott") is pleased to announce that John Wilson will join Sprott as Senior Portfolio Manager, subject to regulatory approval. In the coming months, Sprott expects to launch new investment solutions with core Canadian equity and core Canadian balanced mandates for which John will serve as the lead manager.

"We are pleased to add a senior portfolio manager of John's calibre to our team of investment professionals," said Peter Grosskopf, Chief Executive Officer of Sprott Inc. "John has a history of delivering superior performance to investors and will fit in well with our team and culture. He is an independent thinker with a high conviction style of investing and a strong focus on protecting capital."

"John's core expertise and strategy fall within the investment categories that represent the largest pools of invested capital in Canada," continued Mr. Grosskopf. "Our clients have been requesting that we offer products in these areas and we are confident that these strategies will be an ideal complement to our existing high-conviction funds."

"Sprott has assembled one of the top investment teams in the industry," said John Wilson. "I am excited to be joining this group and look forward to working with them to provide Sprott investors with new investment options, designed to fit a wide range of risk tolerances and investment time horizons."

Mr. Wilson has over 25 years of investment and business experience. Most recently, he was Chief Investment Officer of Cumberland Private Wealth Management. Previously, Mr. Wilson was the founder of DDX Capital Partners, an alternative investment manager. Prior to that, he was Managing Director and a top-rated technology analyst at RBC Capital Markets; and previously, a Director at UBS Canada. Mr. Wilson is an MBA graduate of The Wharton School, University of Pennsylvania.

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.

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 these Funds may be sold in their jurisdiction.

SOURCE Sprott Asset Management LP

For further information:

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

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