SSL.WT Sandstorm Gold Ltd Wts

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Sandstorm Resources Ltd. ("Sandstorm" or the "Corporation") (TSX
VENTURE:SSL)(TSX VENTURE:SSL.WT) is pleased to announce that it has filed a
preliminary short form prospectus in all of the provinces of Canada, except for
the Province of Quebec, in connection with the proposed public offering, on a
best efforts basis, of up to 55,555,556 units (the "Units") at a price of
Cdn$0.45 per unit for gross proceeds to the Corporation of up to Cdn$25 million
(the "Offering"). The Offering will be conducted through a syndicate of agents
co-led by Paradigm Capital Inc. and Cormark Securities Inc., and including GMP
Securities L.P. The Corporation will grant the agents an over-allotment option
for a period of 30 days from the closing of the Offering under which they may
purchase up to an additional 15% of the number of Units issued pursuant to the
Offering to cover over-allotments, if any, and for market stabilization
purposes. Each Unit will consist of one common share of Sandstorm (each, a
"Common Share") and one-half of one common share purchase warrant (each whole
common share purchase warrant, a "Warrant"). Each Warrant will entitle the
holder to acquire one common share of Sandstorm at a price of US$0.60 at any
time prior to April 23, 2014. The Warrants are listed on the TSX Venture
Exchange under the trading symbol "SSL.WT". Sandstorm plans to use the net
proceeds of the Offering primarily for metal stream acquisitions and for general
corporate and working capital purposes.


The Common Shares and Warrants comprising the Units to be issued under the
Offering will be offered by way of a short form prospectus in all of the
provinces of Canada, other than the Province of Quebec.


The Offering is scheduled to close in October 2009 and is subject to certain
conditions including, but not limited to, the receipt of all necessary
regulatory and other approvals including the approval of the TSX Venture
Exchange and the securities regulatory authorities.


This press release does not constitute an offer of securities for sale in the
United States. The securities being offered have not been, nor will be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent registration under the United States Securities
Act of 1933, as amended, or an applicable exemption from such registration
requirements.


ABOUT SANDSTORM RESOURCES

Sandstorm Resources Ltd. is a growth focused resource based company that seeks
to complete transactions with companies that have advanced stage development
projects or operating mines. By making upfront payments to its partners,
Sandstorm receives volumetric production payments (i.e. metal stream deals) on
precious metals. Sandstorm helps other companies in the resource industry grow
their businesses, while acquiring attractive assets in the process.


Sandstorm is focused on low cost operations with excellent exploration potential
and strong management teams. Sandstorm has completed volumetric production
payments with Luna Gold Corp, SilverCrest Mines Inc. and Santa Fe Gold
Corporation. For more information visit: www.sandstormresources.com


Cautionary Note Regarding Forward-Looking Information

Except for the statements of historical fact contained herein, the information
presented constitutes "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information is based
on reasonable assumptions that have been made by the Corporation as at the date
of such information and is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance
or achievements of Sandstorm to be materially different from those expressed or
implied by the forward-looking information, including but not limited to: the
impact of general business and economic conditions; the absence of control over
mining operations from which Sandstorm will purchase gold and risks related to
those mining operations, including risks related to international operations,
government and environmental regulation, actual results of current exploration
activities, conclusions of economic evaluations and changes in project
parameters as plans continue to be refined; problems inherent to the
marketability of minerals; industry conditions, including fluctuations in the
price of metals, fluctuations in foreign exchange rates and fluctuations in
interest rates; stock market volatility; competition; delays in the construction
of the Summit Project as well as those factors discussed in the section entitled
"Risk Factors" in Sandstorm's annual information form for the financial year
ended March 31, 2009. Although Sandstorm has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on
forward-looking information. Sandstorm does not undertake to update any
forward-looking information that is contained or incorporated by reference
herein, except in accordance with applicable securities laws. Sandstorm does not
provide any representation as to its comparability with other companies in its
industry including, but not limited to, International Royalty Corp., Gold
Wheaton Gold Corp., Silver Wheaton Corp., Royal Gold Inc., and Franco-Nevada.

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