Corriente Master Fund, L.P. announces acquisition of common shares of Sprott Molybdenum Participation Corporation

    FORT WORTH, TX, Feb. 22 /CNW/ - Corriente Advisors L.L.C., the general
partner of Corriente Master Fund, L.P., announced today that in a series of
transactions concluding on February 1, 2008, Corriente Master Fund, L.P.
acquired beneficial ownership of 2,205,300 common shares (the "Shares") of
Sprott Molybdenum Participation Corporation ("Sprott"). The Shares acquired in
connection with the foregoing transactions represent approximately 5.07% of
the 43,489,212 issued and outstanding Shares as at the date hereof.
    After giving effect to the acquisition of the Shares, Corriente Master
Fund, L.P. is the beneficial owner of 8,235,800 Shares, which represents
18.94% of the 43,489,212 Shares issued and outstanding as at the date hereof.
Corriente Advisors, L.L.C. is the general partner of Corriente Master Fund,
L.P. and, as such, has the power to exercise control and direction over the
securities of Sprott beneficially owned by Corriente Master Fund, L.P.
    The Shares were acquired through the facilities of the Toronto Stock
Exchange for investment purposes. Corriente Master Fund, L.P. and its joint
actors may, from time to time, acquire additional securities of Sprott,
dispose of some or all of the existing or additional securities they hold, or
may hold, or may continue to hold their current positions.
    Corriente Advisors L.L.C. will be filing a report (as contemplated by
National Instrument 62-103 - The Early Warning System and Related Takeover Bid
and Insider Reporting Issues) in connection with its acquisition of the

For further information:

For further information: or to obtain a copy of such report, please
contact Mr. Chad Fahlberg, the Compliance Officer of Corriente Advisors,
L.L.C. at (817) 870-0455. Corriente Advisors, L.L.C. 201 Main Street, Suite
1800, Fort Worth, TX, 76102

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