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Press release from CNW Group

John Wilson Named Lead Manager of Sprott Opportunities Funds

Monday, February 27, 2012

John Wilson Named Lead Manager of Sprott Opportunities Funds08:00 EST Monday, February 27, 2012TORONTO, Feb. 27, 2012 /CNW/ - Sprott Asset Management LP ("Sprott") today announced that, effective immediately, John Wilson has assumed lead portfolio management responsibilities for Sprott Opportunities Hedge LP and Sprott Opportunities RSP Fund ("the Funds")."John is an experienced manager of long-short strategies with a unique track record of delivering strong risk-adjusted returns to investors," said Peter Grosskopf, CEO of Sprott Inc. "We welcome his addition to the Sprott Opportunities team."Mr. Wilson recently joined Sprott in the position of Senior Portfolio Manager. He will continue to manage the Funds as opportunistic, "go anywhere" long-short strategies. Mr. Wilson's goal will be to deliver strong risk-adjusted returns by investing in undervalued stocks, shorting overvalued stocks with near term catalysts for revaluation, and opportunistically using options-based strategies to enhance income generation and to manage downside risk for investors. Mr. Wilson will also leverage the expertise of Sprott's industry-leading investment team and highly-regarded research professionals.John Wilson joined Sprott in January 2012 and has over 25 years of investment and business experience. Most recently, Mr. Wilson was Chief Investment Officer of Cumberland Private Wealth Management. Previously, he was the founder of DDX Capital Partners, an alternative investment manager. Prior to that, Mr. Wilson was Managing Director and a top-rated technology analyst at RBC Capital Markets; and previously, a Director at UBS Canada. He is an MBA graduate of The Wharton School, University of Pennsylvania.About Sprott Asset Management LP Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is an investment manager dedicated to achieving outstanding returns for its investors over the long-term. With a history dating back to 1981, Sprott has a team of leading investment professionals that think independently and have the courage to act on their convictions. Our clients include individual and high-net-worth investors, institutions and endowments. Please visit us at www.sprott.com to learn more about our award-winning investment professionals and their market insights.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 these Funds may be sold in their jurisdiction.For further information: Telephone: (416) 203-2310
 Email: ir@sprott.com