Sprott Hires Dennis Mitchell as Senior Portfolio Manager and Senior Vice President

TORONTO, Sept. 1, 2015 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott”) is pleased to announce that Dennis Mitchell has joined the firm as Senior Portfolio Manager and Senior Vice President, pending regulatory approval. Mr. Mitchell is a highly-regarded investment professional who, prior to joining Sprott, served as Executive Vice President and Chief Investment Officer at a leading Canadian investment firm. In his previous role, Mr. Mitchell managed funds with more than $2 billion in assets and oversaw more than $18 billion in total assets.

“We are thrilled to welcome Dennis Mitchell to our investment team. Dennis is a well-known portfolio manager with deep experience managing global equity, infrastructure and REIT funds. We look forward to expanding our product offerings in these core categories and introducing our clients to Dennis’s proven and differentiated investment approach,” said John Wilson, CEO and Co-CIO of Sprott.

“We expect the addition of Dennis to complement our existing strategies and accelerate the growth of Sprott Asset Management,” said James Fox, President of Sprott.

“I’m pleased to be joining Sprott and look forward to working with the team to develop new products focused on delivering strong risk-adjusted returns to investors over the long term,” said Mr. Mitchell. “I chose Sprott because their platform provides me the best opportunity to leverage my experience and expertise in building this exciting new business.”

Mr. Mitchell has more than a decade of experience in the financial industry. Prior to joining Sprott he was Executive Vice-President and Chief Investment Officer at Sentry Investments, where he oversaw more than $18 billion in AUM. He is a three-time winner of a Brendan Wood International Canadian TopGun Award (2009, 2010 and 2011), given by the sell-side community to those with the best grasp of the industries in which they invest and the most influence in the Canadian market. Mr. Mitchell is also a winner of the Brendan Wood International 2012 Canadian TopGun Team Leader. He received an Honours BBA degree from Wilfrid Laurier University and an MBA from the Schulich School of Business at York University. Mr. Mitchell also holds the Chartered Financial Analyst (CFA) designation.

About Sprott Asset Management

Sprott Asset Management is a leading alternative asset manager headquartered in Toronto, Canada. The company manages the Sprott family of mutual funds, hedge funds, specialty products, and passive products. The company also manages discretionary managed accounts. Please visit www.sprott.com to learn more.

SOURCE: Sprott Asset Management

CONTACT: Glen Williams
         Director of Communications
         Sprott Group
         T: 416.943.4394
         E: gwilliams@sprott.com

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