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AIF - Sprott Resource Corp.

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Agricom”), Guide Exploration Ltd. (“Guide”) (formerly Galleon Energy Inc.), Virginia Energy <strong>Resource</strong>s, Union Agriculture<br />

Group, Potash Ridge <strong>Corp</strong>oration (“Potash Ridge”) and VA Uranium Holdings Inc. (“VAUH”) and, subsequent to<br />

December 31, 2011, Independence Contract Drilling, Inc. (“ICD”). In respect of each of these Minority Investments, the<br />

Company holds less than 20% of the voting shares outstanding, with the exception of Stonegate Agricom (32.5%) and<br />

ICD (31.6%).<br />

Name, Address and Incorporation<br />

CORPORATE STRUCTURE<br />

The Company was incorporated under the Canada Business <strong>Corp</strong>orations Act as 3061213 Canada Inc. by articles of<br />

incorporation dated August 19, 1994. By articles of amendment dated September 29, 1994, the Company changed its<br />

name to General Minerals <strong>Corp</strong>oration. By articles of amendment dated October 31, 1994, the Company amended its<br />

authorized capital to create special shares as a new class of shares. By articles of amendment dated June 17, 2003, the<br />

Company consolidated its issued and authorized common shares on a one-for-ten basis. By articles of amendment dated<br />

August 31, 2007, the Company changed its name to <strong>Sprott</strong> <strong>Resource</strong> <strong>Corp</strong>. By articles of amendment dated June 3,<br />

2008, the special class of shares created on October 31, 1994 was eliminated.<br />

The Company’s registered office is 700-2nd Street S.W., Suite 1400, Calgary, Alberta, T2P 4V5. The head office is<br />

located at Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2750, Toronto, Ontario, M5J 2J2.<br />

5

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