Sprott Consulting and Sprott Resource Corp. celebrate milestones

Sprott Resource Corp. marks five-year anniversary with 28%(1) IRR 
Sprott Consulting surpasses $1 billion in total assets in its managed companies 
TORONTO, Nov. 19, 2012 /CNW/ - Sprott Inc. (TSX: SII) ("Sprott") today 
announced that Sprott Consulting LP (Sprott Consulting) has surpassed $1 
billion in combined total assets in its managed companies. Sprott also 
congratulates Sprott Resource Corp. on marking five successful years of 
operation on September 5, 2012. 
"Since launching Sprott Consulting in 2007 to capitalize on new and unique 
business opportunities, Kevin Bambrough and his team have established an 
impressive track record of value creation and demonstrated the ability to 
identify emerging trends well ahead of the broader market," said Eric Sprott, 
Chairman of Sprott. "Sprott Consulting's first venture, Sprott Resource Corp., 
was created to give investors access to private equity-type investments in the 
resource sector. Since beginning operations in 2007, that company has 
generated a five-year internal rate of return of approximately 28% and grown 
its total assets from $78 million to more than $580 million. Over the same 
time period, Sprott Consulting has expanded and diversified, successfully 
launching businesses in the resource lending, renewable power and energy 
finance sectors. Together, Sprott Consulting's managed companies now represent 
more than $1 billion in total assets. We are extremely proud of the 
accomplishments of Kevin and the entire Sprott Consulting team and look 
forward to their continued success over the next five years." 
"Sprott Consulting provides individual and institutional investors with access 
to unique private equity and private debt type investment opportunities in the 
natural resource sector," said Peter Grosskopf, Chief Executive Officer of 
Sprott. "We are pleased with the progress of each of these companies and 
believe that they are all well positioned for continued growth. Reaching $1 
billion in total assets in less than five years is a strong validation of the 
strategy and a testament to the abilities of our team." 
"We are very proud of what we have been able to accomplish in five years at 
Sprott Resource Corp.," commented Kevin Bambrough, Chief Executive Officer of 
Sprott Resource Corp. "We have built a unique company focused on investing 
counter-cyclically in real assets that are ideally suited to perform well in 
today's uncertain economic environment. We believe our strategy will continue 
to deliver results and we are actively looking for new investment 
opportunities to create additional value for our shareholders." 
On September 5, 2012, Sprott Resource Corp. passed its five-year anniversary 
under the management of SCLP. Sprott Resource Corp. has calculated an internal 
rate of return of approximately 28% for the period from September 30, 2007 to 
September 30, 2012. Over the same period, the S&P TSX Venture Composite Index 
declined at an annualized rate of -13.9%. 
About Sprott Consulting
Sprott Consulting is a division of Sprott that provides active management 
services to public and private companies and partnerships formed to capitalize 
on unique business opportunities. Sprott Consulting brings deep bench strength 
with a highly-talented and knowledgeable team of professionals who have 
extensive experience and a proven ability to design creative solutions that 
lead to market-beating value improvement. Sprott Consulting's managed 
companies include: 

    --  Sprott Resource Corp., (TSX: SCP) invests and operates through
        its subsidiaries in the natural resource sector
    --  Sprott Resource Lending Corp., (TSX: SIL, AMEX: SILU) a global
        lender to the resource industry focused on mezzanine and bridge
    --  Sprott Power Corp., (TSX: SPZ) a renewable power developer and
        operator with approximately 70MW in wind assets under
    --  Toscana is based in Calgary and, through two subsidiaries,
        provides debt financing alternatives to companies engaged in
        the exploration and development of oil and gas in Western
        Canada and invests in medium to long life oil and natural gas

For more information about Sprott Consulting, please visit 

About Sprott Inc.
Sprott Inc. is a leading independent asset manager dedicated to achieving 
superior returns for its clients over the long term. The Company currently 
operates through four business units: Sprott Asset Management LP, Sprott 
Private Wealth LP, Sprott Consulting LP, and Sprott U.S. Holdings Inc. 
Sprott Asset Management is the investment manager of the Sprott family of 
mutual funds and hedge funds and discretionary managed accounts; Sprott 
Private Wealth provides wealth management services to high net worth 
individuals; and Sprott Consulting provides management, administrative and 
consulting services to other companies. Sprott Inc. is headquartered in 
Toronto, Canada, and its common shares are listed on the Toronto Stock 
Exchange under the symbol "SII". For more information on Sprott Inc., please 
visit www.sprottinc.com.

(1)Non-IFRS Financial Measure

Internal rate of return is a rate of return measure often used in investment 
analysis to compare investment opportunities. We believe providing an internal 
rate of return measure on a supplemental basis is helpful to investors in 
assessing the overall performance of Sprott Resource Corp. over the past five 
years. Non-IFRS financial measures do not have a standardized meaning 
prescribed by IFRS and are therefore unlikely to be comparable to similar 
measures presented by other issuers. Past performance is not a reliable 
indicator of future results.

The internal rate of return calculation incorporated cash flows beginning on 
September 30, 2007 related to issuance of Sprott Resource Corp. common shares, 
including through the exercise of warrants and stock options, the repurchase 
of common shares through normal course issuer bids and the payment of 
management fees and incentive fees and excludes income taxes paid. The 
calculation also includes management's estimate of the fair value of 
subsidiaries and entities over which Sprott Resource Corp. has significant 
influence, if different from the net asset value reflected in Sprott Resource 
Corp.'s financial statements. The internal rate of return calculation does not 
correlate perfectly with the performance of Sprott Resource Corp.'s quoted 
stock price from its listing on the listed on the Toronto Stock Exchange, or 
the compound annual growth rate of the net asset value due to the adjustments 
described above.

Forward-Looking Statements

This release contains "forward-looking statements" which reflect the current 
expectations of Sprott Inc. These statements reflect management's current 
beliefs with respect to future events and are based on information currently 
available to management. Forward-looking statements in this press release 
include, but are not limited to, statements with respect to Sprott Consulting 
LP and Sprott Resource Corp.'s growth and future performance. 
Forward-looking statements involve significant known and unknown risks, 
uncertainties and assumptions, including with respect to the anticipated 
performance of the managed entities of Sprott Consulting LP. Many factors 
could cause actual results, performance or achievements to be materially 
different from any future results, performance or achievements that may be 
expressed or implied by such forward-looking statements including, without 
limitation, those listed under the heading "Risk Factors" in Sprott's annual 
information form dated March 27, 2012. Should one or more of these risks or 
uncertainties materialize, or should assumptions underlying the 
forward-looking statements prove incorrect, actual results, performance or 
achievements could vary materially from those expressed or implied by the 
forward-looking statements contained in this release. Although the 
forward-looking statements contained in this release are based upon what 
Sprott believes to be reasonable assumptions, management cannot assure 
investors that actual results, performance or achievements will be consistent 
with these forward-looking statements. These forward-looking statements are 
made as of the date of this release and Sprott does not assume any obligation 
to update or revise them to reflect new events or circumstances, except as 
required by law.

Glen Williams Director of Communications Sprott Inc. (416) 943-4394 

SOURCE: Sprott Inc.

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CO: Sprott Resource Corp.
ST: Ontario

-0- Nov/19/2012 12:00 GMT

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