Sprott Asset Management appoints new COO

John Ciampaglia named Chief Operating Officer

TORONTO, April 12 /CNW/ - Sprott Inc. (TSX: SII) today announced that its subsidiary, Sprott Asset Management LP ("Sprott Asset Management"), which manages the Sprott family of mutual funds, hedge funds and discretionary accounts, has appointed John Ciampaglia to the position of Chief Operating Officer.

"John is a proven investment industry executive with an impressive track record guiding strategic initiatives for one of Canada's largest investment firms," said James Fox, President of Sprott Asset Management. "As we work to diversify and expand our product line-up, one of our key priorities is to concurrently maintain and improve upon our robust operational platform. We think John will be a significant contributor to the growth and evolution of Sprott Asset Management and we are extremely pleased to welcome him to our executive team."

Mr. Ciampaglia has 17 years of experience in the investment industry. Most recently he was a Senior Executive at Invesco Trimark. John was an active member of the Firm's Executive Committee and held the position of Senior Vice President, Product Development. Mr. Ciampaglia was responsible for overseeing the product development function across multiple product lines and distribution channels. He also played a key role in initiating and leading the implementation of various strategic initiatives for the Firm. Prior to joining Invesco Trimark, Mr. Ciampaglia spent more than four years at TD Asset Management, where he held progressively senior product management and research roles. He earned a Bachelor of Arts in Economics from York University, holds the Chartered Financial Analyst designation and is a Fellow of the Canadian Securities Institute.

About Sprott Inc.

Sprott Inc. is a leading independent asset manager dedicated to achieving superior returns for its clients over the long term. The company currently operates through three business units: Sprott Asset Management LP, Sprott Private Wealth LP and Sprott Consulting LP. 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 management, administrative and consulting services to other companies, including SRC (TSX: SCP). 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 Inc.

For further information: For further information: Investor contact information: (416) 203-2310 or (877) 403-2310 or ir@sprott.com

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