Disclaimers and Terms of Use

Last Update: November 20, 2012

Sprott Inc. (the “Corporation”) is a public company listed on the Toronto Stock Exchange under the symbol “SII”. Eric S. Sprott is the principal shareholder of the Corporation through a holding company which he controls.

This Website does not constitute an offer to sell or solicitation to purchase securities of the Corporation, any portfolio managed by Sprott Asset Management LP, including any of the Sprott Mutual Funds, the Sprott Hedge Funds, the Sprott Offshore Funds, the Sprott Closed-End Funds or the Sprott Flow-Through Limited Partnerships (collectively referred to herein as the “Sprott Funds”) or of any issuer in which the Corporation directly or indirectly invests.

The following disclaimers and terms of use (the “Terms”) govern your access and use of this website (the “Website”) available at www.sprottinc.com. Review these Terms carefully. By accessing and using the Website, you agree to be bound by all the Terms set forth herein. If you do not agree with these Terms, your sole recourse is to leave the Website immediately. You may save and print a copy of these Terms for your reference.

The Corporation reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Website (or any part thereof) with or without notice. From time to time, the Corporation may also amend these Terms by posting revisions on the Website with no additional notice to you. Check back frequently to see the Terms then in effect.

Non-Canadian Investors

The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other 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 advisor to determine whether securities of the Corporation, the Sprott Funds or of any other issuer referred to on this Website may be lawfully sold in their jurisdiction.

Forward-looking Statements

Certain statements in this Website are “forward-looking statements” which reflect the Corporation’s expectations regarding future growth, supply and demand of assets, any appreciation in the value of assets, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “aim”, “endeavour” and similar expressions have been used to identify these forward-looking statements. Such forward-looking statements reflect the Corporation’s current beliefs with respect to future events and are based on information currently available to the Corporation. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. A number of factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements including, without limitation, those risks and uncertainties discussed elsewhere on this Website and in the Corporation’s annual report, management information circular, annual information form and other filings on SEDAR. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this Website. These factors should be considered carefully and prospective investors should not place undue reliance on these forward-looking statements. Although the forward-looking statements contained on this Website are based upon what the Corporation currently believes to be reasonable assumptions, the Corporation cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of inclusion on this Website, and the Corporation does not intend, and the Corporation does not assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances.

INFORMATION ON THIS WEBSITE

Ownership/Restrictions on Use

This Website is owned and operated by the Corporation.  This Website and all text, data, graphics, photographs, images, audio, video, trademarks, service marks, trade names and other information, visual or other digital material, software (including source code and object codes) and all other content of any description available on this Website (collectively, the “Content”) is the property of the Corporation and/or its licensors. The Website and the Content is protected by Canadian and international copyright, trade-mark and other applicable laws. Your use of this Website does not transfer to you any ownership or other rights in this Website or its Content. This Website is made available to you for your lawful, personal, non-commercial use only. You may print or download one copy of the Content for your personal, non-commercial use provided that you do not modify any of the Content and you do not remove or alter any visible or non-visible identification marks, notices or disclaimers. You may not use the Content for any other purpose or in any other way. In particular, the 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 the Corporation.

No Advice

The information contained on this Website is for general informational purposes only and is subject to change without notice. The information contained on this Website is unaudited, unless explicitly specified otherwise. This Website is not intended to provide specific individual advice including, without limitation, investment, financial, legal, accounting or tax advice. In this regard, please contact your own professional advisor on your particular circumstances.

Stock Quotes

All stock quotes are delayed by at least 20 minutes unless otherwise stated. All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only, and are not intended for trading purposes. If you are contemplating trading in the securities of the Corporation or of any other issuer referred to on this Website, we strongly advise you to seek independent professional advice before making any investment decision. The Corporation makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided on this Website.

No Warranties

THE WEBSITE AND THE CONTENT 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, OR FITNESS FOR A PARTICULAR PURPOSE, ALL OF WHICH ARE HEREBY DISCLAIMED BY THE CORPORATION TO THE FULLEST EXTENT PERMITTED BY LAW. THE CORPORATION DOES NOT WARRANT THAT THE CONTENT IS ACCURATE, RELIABLE OR CORRECT; THAT THE WEBSITE WILL BE AVAILABLE AT ANY PARTICULAR TIME OR LOCATION, THAT YOUR ACCESS TO THE WEBSITE WILL BE UNINTERRUPTED; THAT ANY DEFECTS OR ERRORS WILL BE CORRECTED; THAT THE CONTENT IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; OR THAT THE CONTENT IS TIMELY, SECURE OR ERROR-FREE.

Limitations of Liability and Indemnification

THE CORPORATION, THE SPROTT FUNDS, NOR ANY OF THEIR RESPECTIVE AFFILIATES OR SUBSIDIARIES, (COLLECTIVELY, FOR THE PURPOSES OF THIS SECTION, THE “SPROTT COMPANIES”) DO NOT ACCEPT ANY LIABILITY FOR YOUR USE OF THIS WEBSITE. TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE SPROTT COMPANIES WILL NOT UNDER ANY CIRCUMSTANCES BE LIABLE TO YOU OR ANY OTHER PERSON FOR ANY LOSS OR DAMAGE (WHETHER DIRECT, INDIRECT, SPECIAL, INCIDENTAL, ECONOMIC, OR CONSEQUENTIAL, EXEMPLARY OR PUNITIVE) ARISING FROM, CONNECTED WITH, OR RELATING TO THE USE OF, OR INABILITY TO USE, THIS WEBSITE OR THE CONTENT, OR ANY ACTION OR DECISION MADE BY YOU OR ANY OTHER PERSON IN RELIANCE ON THIS WEBSITE OR THE CONTENT, OR ANY UNAUTHORIZED USE OR REPRODUCTION OF THIS WEBSITE OR THE CONTENT.

THE SPROTT COMPANIES SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY DAMAGES INCURRED TO COMPUTER EQUIPMENT OR OTHER TYPES OF EQUIPMENT OR SOFTWARE USED, INCLUDING WITHOUT LIMITATION, FOR VIRUSES THAT MAY INFECT THE FORMER DUE TO THE ACCESS AND USE OF THIS WEBSITE OR THE DOWNLOADING OF ANY CONTENT FROM THIS WEBSITE.

By using the Website, you agree to defend, indemnify and hold harmless the Sprott Companies and their respective licensors and partners and their respective employees, officers, directors, or agents from any and all claims, liabilities, costs and expenses, including without limitation, reasonable attorneys’ fees and other legal expenses whether in tort, contract or otherwise, relating to or arising out of your use of the Website, connection thereto, or any alleged violation of you by these Terms.

Third-Party Links

This Website contains links to third-party websites. These links are provided solely as a convenience to you and not as an endorsement by the Corporation. The Corporation is not responsible for the content or accuracy of materials on such third-party websites. If you decide to access linked third-party websites, you do so at your own risk. Such websites may be governed by terms and conditions different from those applicable to this Website, and we encourage you to review the terms and privacy policies of those third parties before using their Websites.

Links to this Website without the express written permission of the Corporation are strictly prohibited. To request permission to link to this Website, please contact Client Services by telephone at 416-362-7172. The framing, mirroring, scraping or data-mining of this Website or any of its Content in any form, and by any method, is strictly prohibited.

Privacy

The Corporation respects your right to privacy of your personal information. Please review our Privacy Policy for details on the manner in which we collect, use, disclose and otherwise manage any of your personal information.

Trademarks

Sprott and our logo are trademarks of the Corporation or its licensors. Other marks, graphics, typefaces, trademarks and logos appearing on the Website are trademarks or trade dress of the Corporation or its licensors. Such trademarks and trade dress may not be used for any purpose without the Corporation’s express written consent.

Choice of Law & Forum

This Website and its Terms are governed by the laws applicable in the Province of Ontario, Canada. All disputes arising from these Terms must be resolved exclusively by the courts of the Province of Ontario. By using this Website, you represent and warrant that your use complies with applicable law in your jurisdiction of residence.

General

These Terms as well as any other notices posted on the Website constitute the entire agreement between you and the Corporation with respect to your use of the Website. If any provision of these Terms is held to be invalid or unenforceable, such provision will be stricken and the remaining provisions enforced. Notwithstanding any other provisions of these Terms, any provision of these Terms that imposes or contemplates rights or obligations on you or us will survive the expiration or termination of these Terms, including, without limitation, the indemnification and limitation of liability provisions.

If you have any questions regarding these Terms, please contact us at:

Royal Bank Plaza, South Tower
200 Bay Street
Suite 2700, P.O. Box 27
Toronto, ON M5J 2J1
Telephone: (416) 362-7172