Sprott 2010 Flow-Through Limited Partnership Announces Rollover and Dissolution

TORONTO, Jan. 12, 2012 /CNW/ - Sprott 2010 Flow-Through Limited Partnership (the "Partnership") announced that it will be proceeding with 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 transaction will take place on or about February 3, 2012 after the close of business. In exchange for the assets, Series A shares of Sprott Resource Class will be issued to the Partnership and then distributed to individual limited partners on a dollar equivalent basis. The Partnership will be dissolved on or about February 6, 2012.

Sprott Resource Class' investment objective is to seek to achieve long-term capital growth by primarily investing in equity and equity-related securities of companies in Canada and around the world that are involved directly or indirectly in the natural resource sector. The Fund is overseen by a team of leading resource experts, including Eric Sprott, Rick Rule, Paul Wong, Charles Oliver, Eric Nuttall and Jamie Horvat.

In addition to Sprott Resource Class, Sprott Corporate Class Inc. offers seven additional fund classes; Sprott Canadian Equity Class, Sprott Diversified Yield Class, Sprott Gold and Precious Minerals Class, Sprott Energy Class, Sprott Short-Term Bond Class, Sprott Small Cap Equity Class, and Sprott Tactical Balanced Class, providing investors with the flexibility of switching to other share classes on a tax-deferred basis.

Alternatively, for investors looking for another tax-advantaged investment, Sprott has filed a preliminary prospectus dated December 21, 2011 offering units of a new flow-through limited partnership, Sprott 2012 Flow-Through Limited Partnership. This limited-time offering is expected to provide investors with a 100% tax deduction for their investment in 2012. 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 preliminary prospectus for Sprott 2012 Flow-Through Limited Partnership can be found at www.sprott.com or under Sprott 2012 Flow-Through Limited Partnership's SEDAR profile at www.sedar.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:

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.

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Sprott 2010 Flow-Through Limited Partnership

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