Sprott Physical Gold Trust and Sprott Physical Silver Trust Selected to Trade on Floor of NYSE

TORONTO, May 12, 2014 /CNW/ - Sprott Asset Management LP ("Sprott") announced today that the Sprott Physical Gold Trust (NYSE Arca: PHYS; TSX: PHY.U) and the Sprott Physical Silver Trust (NYSE Arca: PSLV; TSX: PHS.U) are among a select group of 13 non-equities based exchange traded products ("ETPs") chosen to begin trading on the NYSE MKT on an Unlisted Trading Privileges ("UTP") basis.

Each ETP will be assigned to a specific NYSE MKT Designated Market Maker, which is expected to create a valuable new pool of liquidity with a balanced combination of high-tech order execution and high-touch price discovery.

"We are pleased that both the Sprott Physical Gold Trust and Sprott Physical Silver Trust are among a select group of products chosen to participate in this program," said James Fox, President of Sprott Asset Management. "Trading on the floor of the NYSE will increase the profile of the Trusts and is expected to provide them with additional liquidity over time."

The Sprott Physical Bullion Trusts provide a secure, convenient, and exchange-traded alternative for investors who want to hold physical bullion. And, for certain U.S. investors, may provide tax advantages. To learn more about the Trusts, please visit sprottphysicalbullion.com.

About Sprott Asset Management

Sprott Asset Management LP is the investment manager to the Sprott Physical Bullion Trusts (the "Trusts"). Important information about each of the Trusts, including the investment objectives and strategies, applicable management fees, and expenses, are contained in the current prospectus for the applicable Trust. The prospectus for each Trust can be found on the applicable Trust's website, in the U.S. on www.sec.gov and in Canada on www.sedar.com. Please read the document carefully before investing. Commissions, management fees, or other charges and expenses all may be associated with investing in the Trusts. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication does not constitute an offer to sell or solicitation to purchase securities of the Trusts. Investing in the Trusts is subject to certain risks. See the prospectus of the Trusts for a description of these risks.

SOURCE: Sprott Asset Management LP

For further information:

Glen Williams
Director of Communications
Sprott Group
T: 416.943.4394
E: gwilliams@sprott.com

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