Press Release

Sprott Resource Corp. Announces Results of its Annual Meeting of Shareholders (3)

TORONTO, May 14, 2014 /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 April 7, 2014 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	34,820,813	96.40	1,299,653	3.60
Joan E. Dunne	35,466,622	98.19	653,844	1.81
John P. Embry	34,961,625	96.79	1,158,841	3.21
Peter Grosskopf	34,937,356	96.72	1,183,110	3.28
Ron F. Hochstein	34,246,139	94.81	1,874,327	5.19
Terrence A. Lyons	34,767,730	96.25	1,352,736	3.75
Stephen Yuzpe	34,978,567	96.84	1,141,899	3.16

With the exception of Ms. Dunne, those elected previously served on the Board of Directors of the Corporation (the "Board"). SRC would like to welcome Ms. Dunne to the Board and thank the other directors for their continued service.

In addition to the election of directors, Shareholders also appointed PricewaterhouseCoopers LLP, Chartered Accountants, as auditors for the Corporation for the ensuing year, authorized amendments to SRC's stock option plan (the "Plan") and approved the unallocated options under the Plan.

For further details of each of the above matters, please refer to the Management Information Circular of the Corporation dated April 7, 2014 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:

Glen Williams
Director of Communications
Sprott Resource Corp.
E: gwilliams@sprott.com
T: 416-943-4394