Press Release

Sprott Inc. announces completion of reorganization of Sprott Asset Management Inc.

        TORONTO, June 1 /CNW/ - Sprott Inc. (TSX:SII) ("Sprott") today announced  that the previously disclosed internal reorganization of its wholly-owned  subsidiary Sprott Asset Management Inc. ("SAM") has been completed. The  reorganization separates SAM's operations into three distinct business lines:  discretionary portfolio management by Sprott Asset Management LP ("SAM LP"),  broker-dealer services by Sprott Private Wealth LP ("SPW"), and consulting  services by Sprott Consulting LP ("SCLP").      This reorganization provides the opportunity to separately brand and  market the three areas of Sprott's operations and is also anticipated to  result in certain tax efficiencies for Sprott. SPW will continue as an  investment dealer and member of the Investment Industry Regulatory  Organization of Canada while SAM LP is an investment counsel/portfolio manager  or equivalent in each of the provinces of Canada and will continue to manage  the portfolios of the Sprott Funds and managed accounts. SCLP will continue  its business activities including the management of Sprott Resource Corp.        About Sprott Inc.        Sprott Inc., through Sprott Asset Management LP, Sprott Private Wealth LP  and Sprott Consulting LP is an independent asset management company dedicated  to achieving superior returns for its investors over time. Sprott Asset  Management manages assets primarily for high net worth individuals and  institutions, and is the investment manager of the Sprott family of funds. For  more information about the Company, please visit www.sprottinc.com.