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Press Release

Ninepoint Partners announces first closing of Ninepoint 2022 Short Duration Flow-Through Limited Partnership

TORONTO, September 21, 2022 – Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2022 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of Class A and Class F limited partnership Units (the “Units”) pursuant to a prospectus dated September 14, 2022. The Partnership issued 507,377 units for gross proceeds of $12,684,425. The Partnership will have a second closing in respect of the Units on or about October 20, 2022. The Units are being offered at a subscription price of $25.00 per Unit with a minimum subscription of 100 Units ($2,500).

The Partnership intends to provide liquidity to limited partners through a tax-deferred rollover to the Ninepoint Resource Fund Class in the period between January 15, 2024 and February 28, 2024.

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 Units will be made in Resource Issuers across Canada.

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 Securities Incorporated, Raymond James Ltd., Richardson Wealth Limited, Canaccord Genuity Corp., Desjardins Securities Inc. and INFOR Financial Inc.

About Ninepoint Partners LP

Based in Toronto, Ninepoint Partners is one of Canada’s leading alternative investment management firms overseeing $8.4 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, please visit www.ninepoint.com or inquiries regarding the Offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com. Please contact your Investment Advisor for more details.