Mr. Glen Williams reports

SPROTT INC. ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION ASSOCIATED WITH ITS RECENTLY COMPLETED SECONDARY OFFERING

The underwriters of Sprott Inc.'s secondary offering that closed on July 15, 2014, have exercised in full their overallotment option to purchase from 2176423 Ontario Ltd., a company controlled by Eric Sprott, an additional three million common shares of the corporation at a price of $3 per share, for additional gross proceeds of $9-million increasing the size of the offering to $69-million. The sale of the additional shares closed today.

The offering was made through a syndicate of underwriters co-led by TD Securities Inc. and Scotia Capital Inc., and including RBC Dominion Securities Inc., CIBC World Markets Inc., GMP Securities LP, Canaccord Genuity Corp., Cormark Securities Inc. and Desjardins Securities Inc.

The corporation did not receive any proceeds from the sale of the additional shares. The selling shareholder intends to use the proceeds from the sale of the additional shares to invest in funds and securities managed by Sprott or its affiliates, with a focus on precious metals-related investments.

The selling shareholder has also agreed to sell, on a non-brokered private placement basis, five million common shares of the corporation at the issue price to the Sprott Inc. 2011 employee profit sharing plan. Closing of the private placement is expected to occur in August, 2014.

Without giving effect to the private placement, the selling shareholder now owns an approximate 26.23-per-cent interest in the corporation.

We seek Safe Harbor.