Mr. Peter Grosskopf reports

SPROTT RESOURCE LENDING CORP. TO HOST FIRST QUARTER CONFERENCE CALL ON MAY 10, 2012

Sprott Resource Lending Corp. will provide its financial results for the three months ended March 31, 2012, prior to the Toronto Stock Exchange market open on Thursday, May 10, 2012, following which the company will hold a conference call.

The call will take place at 10 a.m. EST on Thursday, May 10, 2012, and will be hosted by Peter Grosskopf, president and chief executive officer, Jim Grosdanis, chief financial officer, and Narinder Nagra, chief operating officer. The call can be accessed live by dialling local 647-427-7450 and toll-free 888-231-8191.

The call will be recorded and a replay made available approximately one hour after the live call ends. Individuals can access the replay by dialling local 416-849-0833 or toll-free 855-859-2056 and entering pass code 77954022 followed by the number sign. The replay will be available until May 17, 2012.

We seek Safe Harbor.