Sprott Resource Holdings Press Releases


Press Release

Sprott Resource Corp. appoints new officers


        /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN      THE UNITED STATES/        TORONTO, May 14 /CNW/ - (TSX:SCP) - Sprott Resource Corp. ("SRC")  announces today the appointment of Steve Austin as Chief Financial Officer and  Paul Dimitriadis as Chief Operating Officer, General Counsel and Corporate  Secretary, each appointment with effect June 1, 2008. William Filtness will  remain Chief Financial Officer of SRC until June 1, 2008.      "I am very pleased to welcome Steve and Paul to the SRC team," said Kevin  Bambrough, President and CEO of SRC. "I would like to thank Bill Filtness for  helping steer SRC through the transition from General Minerals Corporation to  Sprott Resource Corp. He has done an excellent job for SRC and we wish him all  the best going forward."      Mr. Austin has over 30 years of experience in connection with the  management of public and private corporations, principally in the resources  sector and with specific expertise in financial reporting, investor relations,  taxation, corporate governance, corporate development and strategic planning.  Mr. Austin has served as an officer of a number of corporations including as  Chief Financial Officer of Choice Resources Corp. (2004 to 2007), WSR Gold  Inc. (2004 to 2007), Caspian Energy Ltd. (2004), CrownJoule Exploration Ltd.  (1997 - 2001), Derrick Resources Corp (1994 - 2001) and as Chairman of the  Board of Blue Grouse Seismic Solutions Ltd. (2004 to 2005). Mr. Austin holds a  Bachelor of Commerce degree from the University of Calgary, and is a  designated Chartered Accountant.      Mr. Dimitriadis has worked as legal counsel for Sprott Consulting Limited  Partnership (and its predecessor Sprott Consulting Ltd.) since the inception  of SRC and, in that role, has advised SRC on asset acquisitions, joint  ventures and securities law matters. Prior to joining SCLP as legal counsel,  Mr. Dimitriadis practiced law at the firm of Blake, Cassels & Graydon LLP. Mr.  Dimitriadis is a member of the Law Society of Upper Canada.        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 Asset Management  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.        %SEDAR: 00003905E        

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