Prior to the acquisition, Mr. Sprott controlled 12,496,300 Shares representing approximately 9.6% of the outstanding Shares. As a result of the acquisition, Mr. Sprott now beneficially owns and controls 13,196,300 Shares representing approximately 9.3% of the outstanding Shares on a non-diluted basis. The acquisition, combined with previous and concurrent treasury issuances of Shares, resulted in a decrease in holdings of approximately 3.3% since the date of the last filing of an Early Warning Report and brings total holdings to under 10%. As a result, Mr. Sprott and 2176423 Ontario Ltd., ceased to be insiders of AbraSilver Resource.