Sprott Physical Gold Trust is qualifying an offering of transferable, redeemable trust units with an aggregate value of up to US$2,000,000,000, or the equivalent in Canadian dollars based on the Bank of Canada’s daily exchange rate at the time of sale (approximately C$2,798,600,000). Each trust unit represents an equal, fractional, undivided ownership interest in the Trust’s net assets.

The offering is conducted under an amended and restated sales agreement dated December 6, 2024, as amended May 2, 2025, involving Sprott Asset Management LP and a syndicate of agents. U.S. Agents include Cantor Fitzgerald & Co., Virtu Americas LLC, Canaccord Genuity LLC, and BMO Capital Markets Corp. Canadian Agents are Cantor Fitzgerald Canada Corporation, Virtu Canada Corp., Canaccord Genuity Corp., and BMO Nesbitt Burns Inc. These agents will facilitate the distribution of trust units in both U.S. and Canadian markets.

Legal matters for the Trust are managed by Stikeman Elliott LLP (Canada) and Seward & Kissel LLP (U.S.), while the Agents are represented by Borden Ladner Gervais LLP (Canada) and Cooley LLP (U.S.). This cross-border legal team ensures regulatory compliance and oversight for the multinational offering.