DISCLAIMER AND TERMS OF USE

SAM is the investment manager to the Sprott Canadian Equity Fund, Sprott Gold and Precious Minerals Fund, Sprott Energy Fund, Sprott Hedge LP, Sprott Hedge Fund LP II, Sprott Bull/Bear RSP Fund, Sprott Opportunities Hedge Fund LP, Sprott Offshore Fund, Ltd. and Sprott Strategic Offshore Gold Fund Ltd. Important information about these funds, including management fees, commissions, trailing commissions, other charges and expenses is contained in their respective simplified prospectus or offering memorandum. Please read them carefully before investing. Unless noted otherwise, rates of return for periods greater than one year are historical annual compound total returns and include changes in unit value and reinvestment of all distributions, but do not take into account sales, redemption or optional changes payable by an investor which would have reduced rates of return. Mutual funds are not guaranteed, their values change frequently and investment returns will fluctuate. Performance data represents past performance and is not indicative of future performance. This is not a solicitation.

Information on this Web Site
This web site is made available to you for your lawful, personal, non-commercial use only. You may print or download web site pages for your personal, non-commercial use provided that you do not modify any of the web site pages or other content and you do not remove or alter any visible or non-visible identification, marks notices, or disclaimers. You may not use the web site and its content for any purpose or in any other way. In particular, the web site and its content may not be copied, imitated, reproduced, republished, uploaded, posted, transmitted, modified, indexed, catalogued, mirrored or distributed in any way, in whole or in part, without the express prior written consent of Sprott Asset Management Inc.(SAM).

SAM does not accept any liability for your use of this web site. Your use of this web site is at your own risk. This web site is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind, whether express or implied, and including without limitation implied representations, warranties or conditions of title, non-infringement, merchantability, fitness for a particular purpose, performance, availability, timeliness, accuracy, or completeness, all of which are hereby disclaimed by Sprott Asset Management Inc. to the fullest extent permitted by law. SAM will not under any circumstances be liable to you or any other person for any loss or damage arising from, connected with, or relating to the use of this web site by you or any other person.

This website, including all of its content, is the property of SAM and others, and is protected by the Canadian copyright and international copyright, trade-mark, and other laws. Your use of this web site does not transfer to you any ownership or their rights in this web site or its content.

Links to this web site without the express written permission of Sprott Asset Management Inc. are strictly prohibited. To request permission to link to this web site, please contact Client Service at 1-866-299-9906 or invest@sprott.com. The framing, mirroring, scraping or data-mining of this web site or any of its content in any form and by any method is strictly prohibited.

This web site contains links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by SAM. Sprott Asset Management Inc. is not responsible for the content or accuracy of materials on such third-party web sites. If you decide to access linked third-party web sites, you do so at your own risk.

The information contained herein is subject to change without notice. SAM accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or part of this web site. The information contained herein is unaudited, unless explicitly specified otherwise. This web site is not intended to provide specific individual advice including, without limitation, investment, financial, legal, accounting or tax. Please contact your own professional adviser on your specific situation.

This website does not constitute an offer to sell or solicitation to buy securities, including any mutual funds managed by Sprott Asset Management Inc.

Non-Canadian Investors
The information contained herein, does not constitute an offer or solicitation by anyone in the Untied States or in any 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 who are not resident in Canada should contact their financial adviser to determine whether Sprott funds may be lawfully sold in their jurisdiction.

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