Sprott continues to strengthen its investment team

DR. NEIL ADSHEAD TO JOIN INVESTMENT TEAM

TORONTO, Jan. 16, 2012 /CNW/ - Sprott Inc. (TSX: SII) ("Sprott" or the "Company") is pleased to announce that Dr. Neil Adshead has agreed to join the Company as a senior investment manager with specific responsibilities for the Exploration Capital Partners Limited Partnerships.

With a Ph.D. in Economic Geology, Neil will use his skills and industry contacts to identify, analyse and monitor public and private investment opportunities. "We are pleased to have Neil join our team. We know he will make an immediate difference in our ability to invest our clients' capital" said Rick Rule, Chairman of Global Resource Investments and President of Sprott Asset Management USA Inc. The appointment of Dr. Adshead demonstrates how Sprott continues to attract top investment talent.

Over the past 20 years, Neil has built up an extensive network in both the mining and investment sectors. Prior to joining Sprott, Dr. Adshead was employed as a senior mining analyst since 2004 with Passport Capital, a San Francisco-based global investment firm. At Passport Capital, he was responsible for investment origination and tracking, trading recommendations, extensive technical reviews and project site visits. Previously, Neil spent 10 years in corporate, exploration and mine geology roles for Placer Dome subsidiaries in Canada, Australia and Papua New Guinea. At the time, Placer Dome was one of the largest gold, silver and copper mining companies in the world. Neil was awarded a Ph.D. degree in Economic Geology from James Cook University of North Queensland, Australia, in 1995. He worked for a year as a mud logger and data engineer on North Sea oil rigs for a Schlumberger subsidiary after receiving a First Class Honours degree in Earth Sciences from Birmingham University in the UK and before commencing the Ph.D. research project.

About Sprott Inc.

Sprott Inc. is a leading independent asset manager dedicated to achieving outstanding returns for its clients over the long-term. The company currently operates through four business units: Sprott Asset Management LP, Sprott Private Wealth LP, Sprott Consulting LP and Sprott U.S. Holdings Inc. Sprott Asset Management is the investment manager of the Sprott family of mutual funds and hedge funds and discretionary managed accounts; Sprott Private Wealth provides wealth management services to high net worth individuals; and Sprott Consulting provides active management services to public and private companies and partnerships, including Sprott Resource Corp. (TSX: SCP) and Sprott Resource Lending Corp. (TSX: SIL) (NYSE AMEX: SILU) and Sprott Power Corp. (TSX: SPZ). Sprott U.S. Holdings Inc. provides specialized brokerage and asset management services. Sprott Inc. is headquartered in Toronto, Canada, and is listed on the Toronto Stock Exchange under the symbol "SII". For more information on Sprott Inc., please visit www.sprottinc.com.

SOURCE Sprott Asset Management LP

For further information:

(416) 203-2310 or 1 (877) 403-2310 or ir@sprott.com

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