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Sprott Inc. announces filing of preliminary prospectus

    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES/

    TORONTO, April 10 /CNW/ - Sprott Inc. (the "Company") today announced
that it has filed a preliminary prospectus with the securities regulators in
each of the provinces and territories of Canada in respect of an initial
public offering by way of a secondary offering of common shares of the
Company. This initial public offering will be made through a syndicate of
underwriters co-led by Cormark Securities Inc. and TD Securities Inc. and
including CIBC World Markets Inc., RBC Dominion Securities Inc.,
Scotia Capital Inc., BMO Nesbitt Burns Inc., GMP Securities L.P.,
Canaccord Capital Corporation, National Bank Financial Inc., Jennings Capital
Inc., Paradigm Capital Inc. and Clarus Securities Inc.
    Immediately prior to the closing of the initial public offering, the
Company will acquire 100% of the outstanding shares of Sprott Asset Management
Inc. ("SAM"). SAM is a leading independent asset manager with approximately
$6.9 billion in assets under management. SAM is the manager of the Sprott
Funds.

    No securities regulatory authority has either approved or disapproved of
the contents of this news release. The securities being offered have not been
and will not be offered or sold in the United States or to, or for the account
or benefit of, a "U.S. person", as such term is defined in Regulation S under
the United States Securities Act of 1933, as amended. This press release is
for information purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy any of these securities in the United States.

    Forward-Looking Statements

    This release contains "forward-looking statements" which reflect the
current expectations of the Company. These statements reflect management's
current beliefs with respect to future events and are based on information
currently available to management. Forward-looking statements involve
significant known and unknown risks, uncertainties and assumptions. Many
factors could cause actual results, performance or achievements to be
materially different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements including,
without limitation, those listed under the heading "Risk Factors" in the
Company's prospectus. Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking statements
prove incorrect, actual results, performance or achievements could vary
materially from those expressed or implied by the forward-looking statements
contained in this release. Although the forward-looking statements contained
in this release are based upon what the Company and SAM believe to be
reasonable assumptions, neither the Company nor SAM can assure investors that
actual results, performance or achievements will be consistent with these
forward-looking statements. These forward-looking statements are made as of
the date of this release and neither the Company nor SAM assumes any
obligation to update or revise them to reflect new events or circumstances.

For further information: Kirstin McTaggart, (416) 362-7172