Eric Sprott announces acquisition of units of Sprott Physical Gold Trust

TORONTO, Feb. 25 /CNW/ - Eric Sprott, President and Chief Executive Officer of Sprott Inc. ("Sprott") and Chairman, President and Chief Executive Officer of Sprott Asset Management LP announced that he has contracted to purchase 8,000,000 units of the Sprott Physical Gold Trust (the "Trust") under the Trust's initial public offering. The Units acquired by Mr. Sprott will represent 20% of the outstanding Units upon closing of the offering.

The Units are being acquired, without any joint actors, for investment purposes and Mr. Sprott may increase or decrease his investment in the Trust depending on market conditions or any other relevant factors.

Eric Sprott

2700-200 Bay Street

Royal Bank Plaza

South Tower

Toronto, Ontario M5J 2J1

SOURCE Sprott Physical Gold Trust

For further information: For further information: To obtain a copy of the report required pursuant to the early warning reporting requirements, please contact: Steve Rostowsky, Chief Financial Officer, Sprott Inc., (416) 362-7172

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Sprott Physical Gold Trust

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