Mr. Eric Sprott, a shareholder, reports

ERIC SPROTT ANNOUNCES HOLDINGS IN MARITIME RESOURCES CORP.

2176423 Ontario Ltd., a corporation which is beneficially owned by Eric Sprott, has acquired 249,300 common shares of Maritime Resources Corp. over the TSX Venture Exchange (representing approximately 0.2 per cent of the outstanding shares on a non-diluted basis) at an average price of approximately $2.20 per share for aggregate consideration of approximately $549,208.

Prior to the acquisition of shares, Mr. Sprott beneficially owned 10,005,700 shares and 2,666,700 share purchase warrants, representing approximately 8.1 per cent of the outstanding on a non-diluted basis and approximately 10.0 per cent on a partially diluted basis assuming exercise of such warrants.

As a result of the acquisition of shares, Mr. Sprott now beneficially owns 10,255,000 shares and 2,666,700 warrants, representing approximately 8.3 per cent of the outstanding shares on a non-diluted basis and 10.2 per cent of the outstanding shares on a partially diluted basis assuming exercise of such warrants, being an increase in holdings above 10 per cent, and, therefore, he has filed an early warning report.

The shares were acquired for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of the early warning report with respect to the foregoing will appear on Maritime Resources' profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario, 1106, 7 King St. East, Toronto, Ont., M5C 3C5).