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

TORONTO, June 5, 2013 /CNW/ - 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 May 1, 2013 (the "Circular") to Shareholders were approved.

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

Nominee Votes For % For Votes Withheld % Withheld
Kevin Bambrough 36,763,919 97.10% 1,096,246 2.90%
Lenard F. Boggio 35,520,000 93.82% 2,340,165 6.18%
John P. Embry 36,765,919 97.11% 1,094,246 2.89%
Peter Grosskopf 36,641,787 96.78% 1,218,378 3.22%
Ron F. Hochstein 35,805,361 94.57% 2,054,804 5.43%
Terrence A. Lyons 35,017,083 92.49% 2,843,082 7.51%

With the exception of Mr. Hochstein, those elected previously served on the Board of Directors of the Corporation (the "Board"). SRC would like to welcome Mr. Hochstein to the Board and thank the other directors for their continued service. Mr. Michael Winn, a previous director and Chair of the Board, did not stand for re-election at the Meeting. The Corporation would like to thank Mr. Winn for his contribution to SRC and wish him continued success. Mr. Bambrough was appointed as Chair of the Board and Mr. Lyons was appointed as Lead Director.

In addition to the election of directors, Shareholders also appointed PricewaterhouseCoopers LLP, Chartered Accountants, of Vancouver, British Columbia as auditors for the Corporation for the ensuing year and confirmed the amendment to SRC's by-laws that was previously effected by the Board on November 14, 2012.

For further details of each of the above matters, please refer to the Management Information Circular of the Corporation dated May 1, 2013 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.

SOURCE: Sprott Resource Corp.

For further information:

Stephen Yuzpe
Chief Financial Officer
Sprott Resource Corp.
200 Bay Street, Suite 2750
Toronto, Ontario
M5J 2J2
Tel: (416) 977-7333
Fax: (416) 977-9555

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Sprott Resource Corp.

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