Mr. John Ciampaglia of Sprott Asset Management reports

SPROTT PHYSICAL COPPER TRUST ANNOUNCES FILING TO LIST ON NYSE ARCA

The U.S. Securities and Exchange Commission has approved the Rule 19b-4 application filed by the NYSE Arca to list and trade Sprott Physical Copper Trust's units on NYSE Arca, providing a path for a dual listing of the units on the Toronto Stock Exchange and NYSE Arca.

"We are very pleased to have received this approval, which moves us closer to listing the Sprott Physical Copper Trust on the NYSE Arca," said John Ciampaglia, chief executive officer of Sprott Asset Management LP. "A U.S. listing of the trust units will provide U.S. investors with easier access to invest in the only exchange-listed physical copper fund at a time when there is growing demand for copper, a critical material essential to meet growing demand for electricity generation, distribution and storage."

The listing of the units on the NYSE Arca remains subject to the filing and effectiveness of a registration statement to be filed under the U.S. Securities Exchange Act of 1934 in respect of the listing. Sprott cannot provide any assurance that it will be successful in achieving a listing of the units on the NYSE Arca. In connection with the listing and effectiveness of a registration statement, it is expected that Sprott Physical Copper Trust's existing semi-annual redemption feature will be amended to provide for monthly redemptions and to remove the current cap on the number of units that can be redeemed each redemption period (currently capped at 1.5 per cent of the outstanding units at the end of the applicable notice period). Under applicable Canadian securities laws, implementation of this amended redemption feature is expected to require Sprott Physical Copper Trust unitholder approval at a meeting of unitholders to be held in due course. Additional details will be provided to Sprott Physical Copper Trust unitholders in meeting materials made available at a later date.

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