Ninepoint Partners LP ('Ninepoint') is pleased to announce that the Ninepoint 2020 Short Duration Flow-Through Limited Partnership (the 'Partnership') has completed the first and final closing in connection with its offering of Class A and Class F limited partnership units (the 'Units') pursuant to a prospectus dated September 14, 2020.

The Partnership issued 1,000,000 units for gross proceeds of $25,000,000. The Units are being offered at a price per Unit of $25.00 with a minimum subscription of 100 Units ($2,500). The Partnership intends to provide liquidity to limited partners through a rollover to the Ninepoint Resource Class in the period between January 15, 2022 and February 28, 2022. Ninepoint is Canada's leading investment firm at providing Flow-Through Funds in Canada. Since its inception in 2017, Nineopoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada. 'We are pleased with another successful Flow-Through Fund raise, and with being able to hit our maximum capacity for the Partnership in a short period of time' said James Fox, Managing Partner at Ninepoint.

About Ninepoint Partners LP

Based in Toronto, Ninepoint Partners LP is one of Canada's leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including North American Equity, Global Equity, Real Assets & Alternative Income.

Contact:

Tel: (416) 943-6707

About Sprott Asset Management LP

Sprott is a wholly-owned subsidiary of Sprott Inc., an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, Sprott Inc. is dedicated to providing investors with best-in-class investment strategies that include Exchange Listed Products, Managed Equities, Lending and Brokerage. Sprott Inc.'s common shares are listed on the New York Stock Exchange under the symbol (NYSE: SII) and on the Toronto Stock Exchange under the symbol (TSX:SII). The forward-looking statements are not historical facts but reflect the Partnership's, Ninepoint's and Sprott's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Partnership, Ninepoint and Sprott believe the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein.

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