Mr. Glen Williams reports

SPROTT RESOURCE CORP. ANNOUNCES NORMAL COURSE ISSUER BID

Sprott Resource Corp. intends to commence a normal course issuer bid to repurchase up to 8.5 million of its common shares, representing approximately 8.99 per cent of the public float of SRC and approximately 8.73 per cent of the total number of issued and outstanding shares. As at Aug. 26, 2015, there were 97,325,796 shares of SRC outstanding. Purchases will be made for cancellation through the facilities of the Toronto Stock Exchange or other Canadian marketplaces at the prevailing market price of the shares.

SRC has received approval from the TSX to commence the bid on Sept. 10, 2015. The bid will end on the earlier of Sept. 9, 2016, when the common shares sought under the bid have been obtained or when notice is given by SRC to the TSX terminating the bid if SRC determines that it is appropriate to do so. Pursuant to TSX policies, daily purchases made by SRC may not exceed 31,162 shares, being 25 per cent of the six-month average daily trading volume of 124,647 shares on the TSX, subject to certain prescribed TSX exceptions including the block purchase exemption.

SRC believes that its shares have been trading in a price range that does not adequately reflect the value of the Shares in relation to SRC's assets and future prospects. As a result, SRC believes that, at appropriate times, repurchases through the bid can enhance shareholder value and represent an attractive investment and an appropriate use of SRC's financial resources.

To the knowledge of SRC, no director or senior officer, no person acting jointly or in concert with SRC and no person holding 10 per cent or more of any shares of SRC currently intends to sell shares during the course of the bid. However, sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person change or any such person makes a decision unrelated to the bid. The benefits to any such person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased under the bid. SRC has purchased 833,307 shares pursuant to a normal course issuer bid during the preceding 12 months at an average cost of $1.21 per share.

We seek Safe Harbor.