Sprott-7 2009 Performance Summary

FOR THE PERIOD ENDING JULY 31, 2009

Sprott Mutual Funds

(Net of all fees)

NAV

1 mth*

YTD*

1 yr

Sprott Canadian Equity Fund, Series A (1997)

$26.77

Sprott Gold & Precious Minerals Fund, Series A (2001)

$35.80

Sprott Energy Fund, Series A (2004)

$11.05

3 yrs

5 yrs

10 yrs

Inception

-0.32%

8.52%

2.36%

49.02%

-39.27%

-7.04%

6.67%

22.00%

18.30%

-8.72%

-10.67%

4.79%

-

6.92%

30.60%

17.98%

-59.48%

-16.20%

2.50%

-

3.77%

Sprott Growth Fund, Series A (2006)

$7.35

1.65%

20.20%

-46.02%

-11.26%

-

-

-8.34%

Sprott Global Equity Fund, Series A (2007)

$5.17

-3.09%

-12.48%

-30.19%

-

-

-

-22.90%

Sprott Small Cap Equity Fund, Series A (2007)

$6.82

4.57%

34.05%

-35.48%

-

-

-

-17.92%

Sprott All Cap Fund, Series A (2008)***

$9.77

-

-

-

-

-

-

-

Sprott Gold Bullion Fund, Series A (2009)***

$8.97

-

-

-

-

-

-

-

Sprott Hedge Fund L.P. I, Class A (2000)**

$54.26

-7.89%

-9.32%

-24.59%

3.80%

11.09%

Sprott Hedge Fund L.P. II, Class A (2002)

$16.67

-8.70%

-12.24%

-20.06%

5.90%

11.19%

-

7.67%

Sprott Bull/Bear RSP Fund, Class A (2002)

$8.13

-8.03%

-10.95%

-16.39%

7.19%

12.74%

-

11.07%

Sprott Opportunities Hedge Fund L.P, Class A (2004)

$26.22

-1.02%

0.50%

-4.93%

6.31%

20.29%

-

19.88%

Sprott Opportunities RSP Fund, Class A (2005)

$14.36

-1.00%

0.45%

-5.06%

6.18%

-

-

9.89%

$8.31

3.20%

37.95%

-31.32%

-

-

-

-7.13%

Sprott Hedge Funds

Sprott Small Cap Hedge Fund (2007)

(Net of all fees)

-

21.37%

** Please be advised that the Sprott Hedge Fund L.P. is closed to new investments. *** In accordance with NI 81-102, we will not publish returns for this fund until it is one-year old.

Indices

1 mth*

YTD*

1 yr

3 yrs

5 yrs

10 yrs

S&P/TSX Composite Total Return Index

4.22%

22.52%

-17.73%

-0.19%

7.66%

6.47%

S&P/TSX Global Gold Index

-2.41%

-1.45%

-1.62%

0.45%

10.28%

-

S&P/TSX Capped Energy Total Return Index

-0.46%

23.74%

-28.02%

-6.36%

10.93%

-

S&P 500 Index (CAD)

-0.33%

-3.23%

-18.09%

-9.69%

-6.18%

-6.12%

7.28%

4.50%

-19.39%

-6.40%

-1.99%

-1.49%

Dow Jones Industrial Average NASDAQ Composite

6.55%

25.46%

-14.92%

-1.83%

0.95%

-2.84%

S&P/TSX SmallCap Total Return Index

4.05%

22.70%

-27.12%

-11.49%

-1.55%

-

-0.44%

2.15%

-17.52%

-7.22%

-1.89%

-3.30%

MSCI World Index (CAD) * Figures are not annualized

Sprott Asset Management LP Royal Bank Plaza, South Tower, 200 Bay Street Suite 2700 Toronto, ON M5J 2J1 T:416.943.6707 1.866.299.9906 F: 416.362.4928 www.sprott.com