Mr. John Ciampaglia of Sprott Asset Management reports

SPROTT PHYSICAL COPPER TRUST ANNOUNCES FILING TO LIST ON NYSE ARCA

Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., on behalf of the Sprott Physical Copper Trust, a closed-ended trust created to invest and hold substantially all of its assets in physical copper metal, today noted that NYSE Arca has filed an application with the Securities and Exchange Commission (the SEC) to list and trade Sprott Physical Copper's trust units on NYSE Arca in order to permit a dual-listing of the units on both the Toronto Stock Exchange and NYSE Arca.

"We believe a U.S. listing of Sprott Physical Copper trust units would provide U.S. investors with easier access to the only exchange listed physical copper fund. Copper is a critical material essential to meet growing demand for electricity generation, distribution and storage," said John Ciampaglia, chief executive officer of Sprott Asset Management.

The NYSE application has not been approved by the SEC. Any listing of the units on NYSE Arca will be subject to the SEC's approval of the NYSE application and the effectiveness of a registration statement under the United States' 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.

About Sprott Asset Management

Sprott is a global asset manager focused on precious metal and critical material investments. It is a specialist. It believes its in-depth knowledge, experience and relationships separate it from a generalist. Its investment strategies include exchange-listed products, managed equities and private strategies. Sprott has offices in Toronto, New York, Connecticut and California, and the company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol SII.

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