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Press Release

Sprott Inc. sets date for Q1 2010 earnings release and conference call

TORONTO, May 7 /CNW/ - Sprott Inc. (TSX:SII) today announced that on Wednesday, May 12, 2010 it plans to release its financial results for the first quarter of 2010 before markets open and host an investor conference call at 10:00 a.m. Eastern Time. The Annual General Meeting of Shareholders will be held that same day at 4:00 p.m. Eastern Time.

Q1 2010 Conference Call

Mr. Peter Hodson, Director of Sprott Inc. and Chairman & Senior Portfolio Manager of Sprott Asset Management L.P., will chair the call at 10:00 a.m. To participate in the call, please dial 647-427-7450 or 1-888-231-8191 ten minutes prior to the scheduled start of the call. A taped replay of the conference call will be available until Wednesday, May 19, 2010 by calling 416-849-0833 or 1-800-642-1687, reference number 72774332.

Annual General Meeting

The Annual General Meeting of Shareholders will be held at 4:00 p.m. at the Design Exchange, 234 Bay Street, Toronto, Ontario.

Both the conference call and Annual General Meting will be webcast live at www.sprottinc.com and www.newswire.ca. Archived replays of the webcasts will be available for 365 days.

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.

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