Sprott Inc. and Sprott Resource Corp. announced that, effective immediately, Steve Yuzpe has been named President and Chief Executive Officer of Sprott Resource Corp. Kevin Bambrough has left the organization to pursue other opportunities.

Mr. Yuzpe has served as Sprott Resource Corp.'s Chief Financial Officer and a member of the company's investment team since 2009. He is currently the Chairman of One Earth Farms Corp., as well as a Director of One Earth Oil and Gas Inc. Mr. Yuzpe will continue to act as Sprott Resource Corp.'s CFO on an interim basis while candidates are considered for his replacement. Terrence Lyons (currently Lead Director of Sprott Resource Corp.) will take over as Chairman of the Sprott Resource Corp.

Board of Directors. Mr. Lyons is the past Chairman of Northgate Minerals Corporation, the Lead Director and Chairman of the Audit Committee of Canaccord Genuity Group Inc., as well as a director for several other public and private corporations. Rick Rule and Peter Grosskopf have been named Managing Directors of Sprott Resource Corp.

Mr. Rule is the Chairman of Sprott US Holdings Inc. and is an internationally recognized resource investor with more than 30 years of experience in the industry.