Sprott Resource Holdings Press Releases


Press Release

Former AFN National Chief Phil Fontaine joins Board of One Earth Farms


TORONTO, Nov. 25 /CNW/ - (TSX: SCP) - Sprott Resource Corp. ("SRC") today announced that Chief Phil Fontaine, former National Chief of the Assembly of First Nations, will join the Board of Directors of One Earth Farms Corp. ("One Earth Farms") effective immediately.

"Chief Fontaine's experience and commitment to the advancement of Canada's First Nations is beyond comparison, and his time in public service has earned him the respect of the Aboriginal community and Canadians from all walks of life," said Eric Sprott, Chairman of One Earth Farms' Board of Directors. "We value the perspective Chief Fontaine brings to One Earth Farms and look forward to working with him as we continue to establish working partnerships with First Nations communities in order to build Canada's largest, most efficient operating farm."

"The success we have achieved to date working with First Nations in Manitoba, Saskatchewan and Alberta can only be enhanced by the addition of Chief Fontaine to our Board," added Larry Ruud, President and CEO of One Earth Farms. "His deep relationships and commitment to the advancement of First Nations people will help guide us as we continue to develop and expand our business."

Former National Chief Fontaine said, "I am excited to be part of a unique and transformative company that will help move First Nations directly into the farming industry and create new training, employment and business opportunities."

Chief Fontaine is an Ojibway from the Sagkeeng First Nation in Manitoba. He was elected Chief at his home First Nation, Grand Chief of the Assembly of Manitoba, and was elected National Chief of the Assembly of First Nations three times. As National Chief, Phil Fontaine advocated for greater engagement by the business community with First Nations peoples, a role he has continued since he stepped down as National Chief in July 2009. Since his retirement from public life, Chief Fontaine has founded his own consulting practice and, in September 2009, was appointed as Special Advisor to the Royal Bank of Canada.

About One Earth Farms Corp.

One Earth Farms intends to become Canada's largest, most efficient operating farm through partnerships with First Nations. The company's strong capitalization, professional management and access to large tracts of world-class farmland position it well to achieve higher rates of profitability than smaller farms, while benefiting from global trends impacting food supplies and driving international farming investment demand. To further strengthen its relationship with First Nations, One Earth Farms plans to initiate job training programs to help teach sustainable farming practices to future generations of First Nations persons. One Earth Farms is a wholly-owned subsidiary of Sprott Resource Corp.

About Sprott Resource Corp.

SRC is a Canadian based company, the primary purpose of which is to invest, directly and indirectly, 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. For more information, please visit www.sprottresource.com.

Forward Looking Statements

Certain statements contained herein may constitute "forward-looking statements" or "forward-looking information" under applicable securities laws. Some of the forward-looking statements may be identified by words such as "expects", "intends", "anticipates", "should", "believes", "plans", and similar expressions. Forward-looking statements, which are based on management's current expectations and assumptions, including One Earth Farms' ability to achieve profitability through economies of scale and efficient operations, involve a number of risks and uncertainties. Actual results or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause actual results to differ from those expressed in, or implied by, these forward-looking statements include, without limitation, risks associated with commodity price fluctuations, regulatory risks, environmental risks, operational risks and other risks associated with a large scale farming operation. No assurance can be given that any events anticipated by these forward-looking statements will occur. These forward-looking statements 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.

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