Sprott Resource Corp. Announces Variation of the Trading Parameters Set out in the Company's Automatic Repurchase Plan

Sprott Resource Corp. Announces Variation of the Trading Parameters Set out in 
the Company's Automatic Repurchase Plan 
TORONTO, Dec. 19, 2012 /CNW/ - (TSX:SCP) - Sprott Resource Corp. ("SRC" or 
the "Company") announced today that it has increased the maximum price at 
which the Company will repurchase and cancel common shares as set out in its 
Automatic Repurchase Plan (the "Plan") to $4.60 per share. The Plan, 
previously put in place with a broker on September 4, 2012, was established in 
connection with the Company's Normal Course Issuer Bid (the "Bid"), which 
commenced on September 7, 2012, in order to facilitate purchases of SRC's 
common shares under the Bid. The Plan permits SRC to provide standing 
instructions to its broker as to how the Company's common shares are to be 
repurchased, including during internal blackout periods and/or when the 
Company is in possession of material non-public information.  SRC did not 
possess material non-public information about itself or its securities at the 
time it increased the maximum price. 
The Company believes that it is in the best interest of its shareholders to 
purchase shares for cancellation when management believes they are trading at 
a discount. SRC is of the view that, at appropriate times, repurchases through 
the Bid can enhance shareholder value and represents an attractive investment 
and an appropriate use of the Company's financial resources. 
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. 
Forward Looking Statements 
Certain statements regarding SRC, including management's assessment of future 
plans, may constitute forward-looking statements under applicable securities 
laws and necessarily involve risk. SRC's actual results or achievements 
could differ materially from those expressed in, or implied by, the 
forward-looking statements. No assurance can be given that any events 
anticipated by the forward-looking statements will occur. These 
forward-looking statements, which are based on management's current 
expectations, are made as at the date of this news release. SRC does not 
undertake any obligation to publicly update or revise any of these 
forward-looking statements, except as required by applicable securities laws. 
Stephen Yuzpe Chief Financial Officer Sprott Resource Corp. 200 Bay Street, 
Suite 2750 Toronto, Ontario M5J 2J2 Tel: (416) 977-7333 Fax: (416) 977-9555 
SOURCE: Sprott Resource Corp. 
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CO: Sprott Resource Corp.
ST: Ontario
-0- Dec/19/2012 12:00 GMT
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