Termination of Sprott Small Cap Equity Class and Sprott Energy Class

TORONTO, June 25, 2013 /CNW/ - Sprott Asset Management LP ("Sprott") today announced that Sprott has determined that it is in the best interests of each of Sprott Small Cap Equity Class and Sprott Energy Class (the "Funds") to terminate the Funds, effective August 30, 2013 (the "Termination Date").  Sprott has considered the size of each Fund (which is relatively small) against the operating expenses of the Fund and has determined that it is no longer economical for the Fund.

Effective today, Sprott will waive any redemption fees, short-term trading fees and switch fees for redemptions or switches of shares of the Funds, and each Fund is closed to new purchases.

Sprott will send a notice to each investor in the Funds regarding the termination.

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Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the Sprott Mutual Funds may be sold in their jurisdiction.

SOURCE: Sprott Asset Management LP

For further information on Sprott Asset Management LP and the Sprott Mutual Funds, please visit www.sprott.com or call us at 866 299-9906 or email us at [email protected].