2007 Tax Season Commentary

In order to assist you with your tax return this year, we have created the SAM Tax Webpage, designed to provide clear, simple answers
to questions you may have regarding Fund distributions and tax slips, among others.

However, we would like to remind users of our tax webpage that Sprott Asset Management does not provide advice
regarding tax strategy or provide adjusted cost base (ACB) calculations. As such, we recommend that unit holders obtain
tax advice from a tax planning professional or consult Canada Revenue Agency (CRA) for additional tax assistance.

	Sprott Mutual Funds Latest Announcements:				Sprott Hedge Funds Latest Announcements:
		T3 tax slips were mailed to unit holders on February 26, 2008.				T5013 tax slips were mailed to all Limited Partners on March 14th, 2008.
		Only unitholders in the Sprott Global Equity Fund will receive a T3 tax slip.				Only unitholders in the Sprott Hedge Fund LP and Sprott Opportunities Hedge Fund LP will receive a T5013 tax slip.
		For Quebec Residents, please be advised that Relevé 16 tax slips were mailed together with the T3 tax slips.				For Quebec Residents, please be advised that the Relevé 15 tax slips will follow shortly after T5013 tax slips have been delived.
		For duplicate tax slips, please contact your Investment Advisor.				For duplicate tax slips, please contact your Investment Advisor.
		T3	Relevé 16			T5013	Relevé 15
		Mutual Fund FAQ				Hedge Fund FAQ
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	Historical Fund Distributions