Press Releases

Ninepoint Partners Announces First Closing of Ninepoint 2024 Short Duration Flow-Through Limited Partnership

TORONTO, February 28, 2024 -Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2024 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of limited partnership units of the National Class and the Québec Class (together, the “Units”) pursuant to a prospectus dated January 30, 2024. The Partnership issued 596,116 National Class Units and 184,485 Québec Class Units for aggregate gross proceeds of $19,515,025.  The Partnership will have a second closing in respect of the Units on or about March 27, 2024.  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 roll-over to the Ninepoint Resource Fund Class on or before June 30, 2025 with such liquidity event not expected to occur before February 2025.

Investment Objective of the Partnership

The Partnership’s investment objective is to achieve capital appreciation and significant tax benefits for limited partners by investing in a diversified portfolio of Flow-Through Shares (as defined in the Prospectus) and other securities, if any, of Resource Issuers (as defined in the Prospectus).  Investments made with the proceeds from

the National Class Units will be made in Resource Issuers carrying out activities across Canada and investments made with the proceeds from the Québec Class Units will be made in Resource Issuers carrying out activities primarily in the Province of Québec.

Attractive Tax-Reduction Benefits

Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Resource Expertise

The Partnership will be sub-advised by Sprott Asset Management LP (“Sprott”), one of Canada’s leading investment advisors in small and mid-cap resource companies.  Over its long history of investing in the resource sector, Sprott has developed relationships with hundreds of companies. Its experienced team of portfolio managers is supported by a team of technical experts with extensive backgrounds in mining and geology.

Portfolio manager Jason Mayer will manage the portfolio of the Partnership and will be supported by Sprott’s broader team of experienced resource investment professionals.

Agents

The offering is being made through a syndicate of agents led by RBC Dominion Securities Inc. which includes

CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., iA Private Wealth Inc., Manulife Wealth Inc., Raymond James Ltd., Richardson Wealth Limited, Canaccord Genuity Corp., Desjardins Securities Inc. and Echelon Wealth Partners Inc.

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 spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expects”, “intends”, “anticipates”, “will” and similar expressions to the extent that they relate to the Partnership. 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. Neither the Partnership, nor Ninepoint or Sprott undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

This offering is only made by prospectus. The Partnership’s prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the dealers noted above.  Investors should read the prospectus before making an investment decision.