AIF - Sprott Resource Corp.

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DIRECTORS AND OFFICERS Name, Occupation and Security Holdings The following table sets forth the name; province or state and country of residence; position held with the Company; principal occupation within the five preceding years; period of directorship with the Company; and shareholdings of each of the directors and executive officers of the Company. Directors of the Company hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed. Name, Province/State and Country of Residence Michael Winn (1)(2) California, United States Kevin T. Bambrough (2) Ontario, Canada John P. Embry Ontario, Canada Terrence A. Lyons (1) British Columbia, Canada Position held with the Company Chairman and Director President, Chief Executive Officer and Director Director Director Principal Occupation President, Terrasearch Inc. (consulting company providing analysis on mining and energy companies) President, Chief Executive Officer and Director, Sprott Resource Corp. Chief Investment Strategist, Sprott Asset Management LP (an investment management limited partnership) Chairman, EACOM Timber Corporation (lumber company), and Corporate Director Director Since Number of Voting Securities Owned (3) 2003 280,000 (4) 0.25% 2007 1,729,375 1.54% 2007 1,650,000 1.46% 2005 101,700 0.09% Percentage of Issued and Outstanding Voting Securities A. Murray Sinclair (1)(2) British Columbia, Canada Eric S. Sprott Ontario, Canada Paul Dimitriadis Ontario, Canada Stephen Yuzpe Ontario, Canada Director Director Chief Operating Officer Chief Financial Officer Chairman, Sprott Resource Lending Corp. (company providing lending facilities to the resource sector) Chairman, Chief Executive Officer and Chief Investment Officer, Sprott Asset Management LP Chief Operating Officer, Sprott Resource Corp. Chief Financial Officer, Sprott Resource Corp. 2003 45,000 (5) 0.04% 2007 7,018,100 6.23% N/A 80,000 0.07% N/A 26,000 0.02% 45
Notes Name, Province/State and Country of Residence Arthur Einav Ontario, Canada Position held with the Company General Counsel and Corporate Secretary Principal Occupation Director Since Number of Voting Securities Owned (3) Managing Director, SCLP N/A 1,140 0.00% Percentage of Issued and Outstanding Voting Securities (1) Member of the Audit Committee. (2) Member of the Compensation Committee. (3) The information as to the number and percentage of common shares beneficially owned, directly or indirectly, or over which control or direction is exercised, by the directors and executive officers, but which are not registered in their names and not being within the knowledge of the Company, has been furnished by such directors and officers. (4) The 280,000 shares in the Company are owned by MDW & Associates LLC, of which Mr. Winn is a shareholder. (5) In addition to the 45,000 shares in the Company, Mr. Sinclair also owns 250,000 shares in OEOG. Each of the foregoing individuals have been engaged in the principal occupation set forth opposite his or her name during the past five years or in a similar capacity with a predecessor organization except for: (i) Kevin Bambrough who, prior to January 1, 2008, was Market Strategist, Sprott Asset Management LP; (ii) Terrence A. Lyons who was Chairman of Northgate Minerals Corporation until October 2011 when the company was sold to Aurico Gold Inc.; (iii) Paul Dimitriadis who, prior to June 1, 2008, was Legal Counsel, SCLP, and, prior to September 15, 2007, practiced law at Blake, Cassels & Graydon LLP (a law firm); (iv) Steven Yuzpe who, prior to April 1, 2009, was Vice President Operations at Cormark Securities Inc. (a brokerage firm), prior to April 1, 2008, was the Chief Financial Officer at the Windmill Development Group (a real estate development company) and prior to March 1, 2007, was the Chief Financial Officer at Points International Ltd. (a reward currency management company); and (v) Arthur Einav who, prior to May 10, 2010, practiced law at Davis Polk & Wardwell LLP (a law firm). As of the date of this AIF, the directors and executive officers of the Company as a group, beneficially owned, directly or indirectly, or exercised control or direction over approximately 10,931,315 common shares of the Company, being approximately 9.7% of the issued and outstanding common shares. The information as to the number of common shares beneficially owned, directly or indirectly, or over which control or direction is exercised, by the directors and executive officers, but which are not registered in their names and are not within the knowledge of the Company, has been furnished by such directors and officers. Cease Trade Orders, Bankruptcies, Penalties or Sanctions The directors and executive officers of the Company have furnished the following information. Except as set out further below, no director or executive officer of the Company is, as at the date hereof, or was within 10 years before the date hereof, a director, chief executive officer or chief financial officer of any company (including the Company) that was subject to a cease trade order, an order similar to a cease trade order, or an order that denied the relevant company access to any exemption under securities legislation, in effect for a period of more than 30 consecutive days: 46
Page 1 and 2: SPROTT RESOURCE CORP. Annual Inform
Page 3 and 4: TABLE OF CONTENTS (continued) Page
Page 5 and 6: GENERAL INFORMATION This is the ann
Page 7 and 8: • fluctuations in foreign exchang
Page 9 and 10: Intercorporate Relationships Includ
Page 11 and 12: (3) The term, vesting period and ex
Page 13 and 14: holder to acquire one Stonegate Agr
Page 15 and 16: investment purposes. The Company ma
Page 17 and 18: duration (to a maximum of 25 years)
Page 19 and 20: The Government of Canada and the Pr
Page 21 and 22: One Earth Oil and Gas OEOG will foc
Page 23 and 24: Harvest Harvest times vary dependin
Page 25 and 26: Weaning The weaning phase occurs in
Page 27 and 28: Stonegate Agricom Stonegate Agricom
Page 29 and 30: deplete and, as a consequence, eith
Page 31 and 32: The Energy Subsidiaries are not ful
Page 33 and 34: Regulatory Changes There have been
Page 35 and 36: Price Volatility Securities of mini
Page 37 and 38: compensate those suffering loss or
Page 39 and 40: Possible Failure to Obtain Non-Meta
Page 41 and 42: esources could be mined or processe
Page 43 and 44: Conflicts of Interest Certain direc
Page 45 and 46: Uninsured and Underinsured Losses r
Page 47: ENVIRONMENTAL POLICY The environmen
Page 51 and 52: of Royal Oak to file financial stat
Page 53 and 54: INTEREST OF MANAGEMENT AND OTHERS I
Page 55 and 56: defined in the Partnership Agreemen
Page 57 and 58: APPENDIX “A” STATEMENT OF RESER
Page 59 and 60: All values in this report are expre
Page 61 and 62: SUMMARY OF NET PRESENT VALUE OF FUT
Page 63 and 64: The following table sets forth the
Page 65 and 66: Alberta Sask Edmonton WTI Brent Edm
Page 67 and 68: PART 4 - RECONCILIATION OF CHANGES
Page 69 and 70: RECONCILIATION OF GROSS RESERVES BY
Page 71 and 72: UNDEVELOPED RESERVES (ONE EARTH OIL
Page 73 and 74: PART 6 - OTHER OIL AND GAS INFORMAT
Page 75 and 76: One Earth Oil & Gas One Earth Oil &
Page 77 and 78: Production Estimates The following
Page 79 and 80: Production by Important Field The f
Page 81 and 82: March 15, 2012 Sprott Resource Corp
Page 83 and 84: APPENDIX “C” REPORT ON RESERVES
Page 85 and 86: Sprott Resource Corp. - Evaluation
Page 87 and 88: REPORT OF MANAGEMENT AND DIRECTORS
Page 89 and 90: MANTARO PHOSPHATE DEPOSIT SPROTT RE
Page 99 and 100:
MANTARO PHOSPHATE DEPOSIT SPROTT RE
Page 101 and 102:
APPENDIX “F” PARIS HILLS TECHNI
Page 103 and 104:
NI 43-101 Technical Report, Paris H
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
SPROTT RESOURCE CORP. AUDIT COMMITT
Page 115 and 116:
3 The Committee is responsible for
Page 117:
5 The Committee is responsible for
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AIF - Sprott Resource Corp.

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