Sprott 2010 Flow-Through Limited Partnership Announces Completion of Rollover Transaction

TORONTO, Feb. 7, 2012 /CNW/ - Sprott 2010 Flow-Through Limited Partnership (the "Partnership") announced today that it had completed the tax-deferred transfer of the assets of the Partnership (the "Mutual Fund Rollover Transaction") into Sprott Resource Class of Sprott Corporate Class Inc. (the "Resource Fund") on February 3, 2012, as discussed in their press release of January 12, 2012. The Partnership was dissolved on February 6, 2012.

3,907,502 Series A shares of the Resource Fund ("Fund Shares") were issued at their net asset value of $10.1803 each. The final net asset value per Partnership unit was $19.3727. Accordingly, each holder of Partnership units will receive 1.90296 Fund Shares for each Partnership unit held. The adjusted cost base for each Partnership unit was $12.6589 per Partnership unit and the adjusted cost base for each allocated Fund Share was $6.6522 per Fund Share.

For investors looking for another tax-advantaged investment, Sprott Asset Management has filed a final prospectus dated January 27, 2012 offering units of a new flow-through limited partnership, Sprott 2012 Flow-Through Limited Partnership. The prospectus contains important detailed information about the securities being offered. Investors should read the prospectus before making an investment decision.

Additional Information: The prospectus in respect of Resource Fund is available to limited partners of the Partnership, at www.sprott.com, through their broker or by calling Sprott Asset Management LP at 1-866-299-9906. Information about the Sprott 2012 Flow-Through Limited Partnership is available through financial advisors or by contacting us directly at 1-866-299-9906 or invest@sprott.com. A copy of the final prospectus for Sprott 2012 Flow-Through Limited Partnership can be found at www.sprott.com.

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 2010 Flow-Through Limited Partnership

For further information:

please contact us at 1 (416) 362-7172 or 1 (866) 299-9906 or invest@sprott.com.

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Sprott 2010 Flow-Through Limited Partnership

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