Press Release

Sprott Resource Corp. Announces Results of its Annual Meeting of Shareholders

TORONTO, May 11, 2016 (GLOBE NEWSWIRE) -- Sprott Resource Corp. (“SRC” or the “Corporation”) (TSX:SCP) reported the results of its Annual Meeting of the Corporation's shareholders (“Shareholders”) held earlier today (the "Meeting"). SRC is pleased to announce that all resolutions put forward in the Management Information Circular dated April 6, 2016 to Shareholders were approved.

At the Meeting, each of the following seven nominees proposed by management was elected as a director of SRC:

Nominee Votes For % For Votes Withheld % Withheld
Lenard F. Boggio 24,562,001 87.8 3,420,550 12.2
Joan E. Dunne 24,638,679 88.1 3,343,872 11.9
John P. Embry 24,640,300 88.1 3,342,251 11.9
Peter Grosskopf 24,503,372 87.6 3,479,179 12.4
Ron F. Hochstein 24,398,496 87.2 3,584,055 12.8
Terrence A. Lyons 24,578,285 87.8 3,404,266 12.2
Stephen Yuzpe 24,619,286 88.0 3,363,265 12.0


In addition to the election of directors, Shareholders also re-appointed PricewaterhouseCoopers LLP, Chartered Accountants, as auditors for the Corporation for the ensuing year.

For further details of each of the above matters, please refer to the Management Information Circular of the Corporation dated April 6, 2016 filed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

About Sprott Resource Corp.

SRC is a Canadian-based company, the primary purpose of which is to invest and operate in natural resources.  Through acquisitions, joint ventures and other investments, SRC seeks to provide its shareholders with exposure to the natural resource sector for the purposes of capital appreciation and real wealth preservation. SRC is well positioned to draw upon the considerable experience and expertise of both its Board of Directors and Sprott Consulting Limited Partnership (“SCLP”), of which Sprott Inc. is the sole limited partner.  Pursuant to a management services agreement between SCLP and SRC, SCLP provides day-to-day business management for SRC as well as other management and administrative services.  SRC invests and operates through Sprott Resource Partnership (“SRP”), a partnership between SRC and Sprott Resource Consulting Limited Partnership, an affiliate of SCLP which is the managing partner of SRP.

For further information, please contact:

Glen Williams
Director of Communications
Sprott Resource Corp.
E: gwilliams@sprott.com
T: 416-943-4394

Sprott Resource Corp.