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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1309)	10/7/2003 3:43:45 PM
From: ldo79	Read Replies (1) \| Respond to of 110194

of interest: SPROTT ASSET MANAGEMENT INC. OCTOBER 7, 2003 - 15:19 ET Sprott Asset Management Inc.: Expanded Gold Strategy For Sprott Canadian Equity Fund TORONTO, ONTARIO--Sprott Asset Management Inc. ("Sprott"), as manager and on behalf of Sprott Canadian Equity Fund (the "Fund"), applied for, and has received from the regulatory authority or regulator in each of the provinces and territories of Canada, an exemption from applicable securities legislation that permits the Fund to invest up to 20% of its net assets, taken at the market value thereof at the time of investment, in gold and permitted gold certificates. Sprott is known in the Canadian marketplace for its expertise and investment strategies involving gold and permitted gold certificates. Sprott does a substantial amount of research in this area and believes that this expertise and research should be available to unitholders of the Fund. Sprott intends to invest in gold and gold certificates as a defensive strategy in adverse market, economic, political or other circumstances. Sprott considers gold and gold certificates to be a viable alternative to holding cash or cash equivalents in such markets. Investment in gold and gold certificates will permit Sprott additional flexibility to seek to increase gains for the Fund in certain market conditions, which may have otherwise caused the Fund to have significant cash positions. Sprott believes that this additional flexibility provided by this strategy will assist the Fund to achieve its investment objective of providing long-term capital appreciation and value. Sprott is one of Canada's most successful investment management companies, with assets under management of over $1.1 billion as of September 30, 2003. More information about Sprott and its mutual funds can be found on its website at www.sprottassetmanagement.com -30- FOR FURTHER INFORMATION PLEASE CONTACT: Mr. Neal Nenadovic Chief Financial Officer 416.943.6721