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Sprott Resource Corp. Declares January Dividend

TORONTO, Jan. 21, 2013 /CNW/ - Sprott Resource Corp. ("SRC") (TSX: SCP) 
announced today that its Board of Directors has declared a dividend in respect 
of the month of January 2013 in the amount of $0.038 per common share (the 
"January Dividend"). 
The January Dividend will be paid on February 15, 2013 to shareholders of 
record at the close of business on January 31, 2013. The full amount of the 
January Dividend is designated as an "eligible dividend" for purposes of the 
Income Tax Act (Canada). 
Dividend Policy 
As previously announced, SRC's Board of Directors approved a policy (the 
"Dividend Policy") pursuant to which SRC intends to pay a monthly dividend at 
least equal to 0.833% of SRC's total equity attributable to shareholders 
("SRC's Book Value") based on the most recently filed financial statements of 
SRC at the time the dividend is declared.The amount of future monthly 
dividends will accordingly fluctuate quarterly with SRC's Book Value. 
The January Dividend is based on SRC's Book Value as at September 30, 2012, 
adjusted to take into consideration the increase in SRC's Book Value due to 
its disposition of Waseca Energy Inc., as will be the other monthly dividends 
that are declared prior to the filing of SRC's financial statements for the 
year ending December 31, 2012. 
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 Information and Statements 
This news release contains certain forward-looking information and statements 
within the meaning of applicable securities laws. The use of any of the words 
"expect", "anticipate", "continue", "estimate", "may", "will", "project", 
"should", "believe", "plans", "intends" and similar expressions are intended 
to identify forward-looking information or statements. In particular, but 
without limiting the forgoing, this news release contains forward-looking 
information and statements pertaining to SRC's dividend policy. 
Forward-looking statements or information are based on a number of 
expectations or assumptions which have been used to develop such statements 
and information but which may prove to be incorrect. The payment of dividends 
is not guaranteed and the amount and timing of any dividends payable by SRC 
will be at the discretion of the Board of Directors and will be established on 
the basis of SRC's earnings, the satisfaction of solvency tests imposed by 
applicable corporate law for the declaration and payment of dividends, and 
other relevant factors. Although SRC believes the expectations and 
assumptions reflected in such forward-looking information and statements are 
reasonable, undue reliance should not be placed on forward-looking information 
and statements because SRC can give no assurance that such expectations and 
assumptions will prove to be correct. The forward-looking information and 
statements included in this news release are not guarantees of future 
performance and should not be unduly relied upon. Such information and 
statements, including the assumptions made in respect thereof, involve known 
and unknown risks, uncertainties and other factors, which may cause actual 
results or events to differ materially from those anticipated in such 
forward-looking information or statements, including, without limitation, 
those listed under the heading "Risk Factors" in SRC'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 information 
and statements prove incorrect, actual results, performance or achievements 
could vary materially from those expressed or implied by the forward-looking 
information and statements contained in this release. 
The forward-looking information and statements contained in this news release 
speak only as of the date of this news release, and SRC does not assume any 
obligation to publicly update or revise any of the included forward-looking 
statements or information, whether as a result of new information, future 
events or otherwise, except as may be expressly 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
NI: MNG DIV  
-0- Jan/21/2013 21:48 GMT