Mr. Whitney George reports

SPROTT PHYSICAL GOLD TRUST NET ASSET VALUE REACHES $10 BILLION

Sprott Physical Gold Trust's net asset value (NAV) has surpassed $10-billion (U.S.).

"We would like to thank our unitholders for their trust and support in helping the Sprott Physical Gold Trust reach this significant milestone," said John Ciampaglia, chief executive officer of Sprott Asset Management. "Since its launch in 2010, the Sprott Physical Gold Trust has provided investors with a secure and convenient way to own physical gold. In today's uncertain world, the importance of fully allocated, segregated physical gold has never been more clear."

As of March 13, 2025, Sprott Physical Gold held 3.4 million ounces of gold on behalf of its unitholders.

"Gold prices have set new records in 2025, driven largely by global central bank purchases. We expect this trend to accelerate and broaden as investor participation increases," said Whitney George, chief executive officer of Sprott.

Sprott Physical Gold was created to invest and hold substantially all of its assets in physical gold bullion. Its goal is to provide a secure, convenient and exchange-traded investment alternative for investors who want to hold physical gold without the inconvenience that is typical of a direct investment in physical gold bullion. All of the gold held by Sprott Physical Gold is fully allocated and redeemable by investors, subject to minimum holding requirements.

About Sprott Inc.

Sprott is a global asset manager focused on precious metals and critical-materials investments. The company consists of specialists. Sprott believes its in-depth knowledge, experience and relationships separate it from the generalists. The company's investment strategies include exchange-listed products, managed equities and private strategies. Sprott has offices in Toronto, New York, Connecticut and California.

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