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

TORONTO, June 22, 2015 (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 May 11, 2015 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 32,936,975 96.99 1,020,657 3.01
Joan E. Dunne 33,315,967 98.11 641,665 1.89
John P. Embry 32,927,128 96.97 1,030,504 3.03
Peter Grosskopf 32,815,462 96.64 1,142,170 3.36
Ron F. Hochstein 32,629,907 96.09 1,327,725 3.91
Terrence A. Lyons 33,252,775 97.92 704,857 2.08
Stephen Yuzpe 32,909,575 96.91 1,048,057 3.09

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 May 11, 2015 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.

CONTACT: For further information, please contact: Glen Williams Director of Communications Sprott Resource Corp. E: gwilliams@sprott.com T: 416-943-4394Source:Sprott Resource Corp.