Business News • MarketWire • Sprott Resource Lending Corp. Provides Guidance on Loan Losses and To Host Third Quarter 2010 Conference Call on November 5, 2010

Sprott Resource Lending Corp. Provides Guidance on Loan Losses and To Host Third Quarter 2010 Conference Call on November 5, 2010

Sprott Resource Lending Corp. Provides Guidance on Loan Losses and To Host Third Quarter 2010 Conference Call on November 5, 2010

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2010) - Sprott Resource Lending Corp. (the "Corporation" or "Sprott Resource Lending") (TSX:SIL)(NYSE Amex:SILU) will report its financial results for the three and nine months ended September 30, 2010 prior to the TSX market open on Friday, November 5, 2010. In anticipation of reporting its full financial results, the Corporation expects to report loan losses, net of recoveries, in the range of $15 million to $20 million for the third quarter or $0.10 to $0.13 per share prior to any tax effect. Certain of the expected loan losses reflect a change in the valuation of the underlying properties and the results from continuing remediation negotiations.

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