Purpose Investments Inc. Announces Definitive Agreement to Convert Central GoldTrust and Silver Bullion Trust Into ETFs in Partnership With Central Gold Managers Inc. and Silver Administrators Ltd.

TORONTO, ON--(Marketwired - November 26, 2015) - Purpose Investments Inc. ("Purpose"), manager of the Purpose family of ETFs and mutual funds is pleased to announce it has entered into a definitive agreement with Central GoldTrust ("CGT"), Central Gold Managers Inc. ("CGT Administrator"), Silver Bullion Trust ("SBT", together with CGT, the "Funds") and Silver Administrators Inc. ("SBT Administrator", together with CGT Administrator, the "Administrators") regarding the conversion of the Funds into exchange-traded funds (each an "ETF") ("ETF Conversion"). The proposed ETF Conversion, which is subject to, among any other approvals that may be required, approval of the unitholders of each of CGT and SBT, has the unanimous support of the independent trustees of CGT and SBT, respectively, and represents an exciting opportunity for their respective unitholders.

"At Purpose, we remain committed to providing industry leading premier investment solutions that offer investors the best possible experience and minimize their fees." said Som Seif, CEO at Purpose Investments."Central GoldTrust and Silver Bullion Trust along with the Administrators share the same values, and we feel confident that our proposed structure will enhance the low fee investment options for our clients."

Benefits of the ETF Structure

ETFs are at the forefront of investment product innovation and have been the fastest growing segment of the investment fund industry in Canada and globally for over 10 years. ETFs offer investors multiple benefits, including:

• Superior market liquidity and efficient trading
• Virtually unlimited daily trading capacity
• Low fee structure
• Enhanced asset scale opportunity

Management Fees Reduction

Upon the Funds conversions into ETFs, Purpose has agreed to reduce each Fund's management fees by 25% until the reduction reaches an amount of up to $1,900,000 for CGT and up to $100,000 for SBT, which further reduces the Funds' already low fees, in an effort to compensate unitholders for the costs that CGT and SBT have incurred in defending unitholders' interests from Sprott Asset Management LP's ("Sprott") hostile take-over bid.

Each of CGT and SBT has called a special unitholder meeting to vote on the ETF Conversion proposal to be held on January 26^th, 2016. A trustees' information circular in respect of such meeting will be sent to CGT and SBT unitholders shortly and posted on the CGT and SBT websites.