-->PRESS RELEASE
SPROTT ASSET MANAGEMENT INC. PUBLISHES GOLD MANIPULATION STUDY
Toronto, August 24, 2004: Sprott Asset Management Inc. (“SAM”) announced today the
publication of Not Free, Not Fair: The Long-Term Manipulation of the Gold Price.
The study represents the most thorough and detailed examination of allegations that the gold
market has been subjected to severe price manipulation over the past several years.

<ul> ~ http://www.sprottassetmanagement.com/pdf/notfreenotfair_letter.pdf</ul>