SSL.WT Sandstorm Gold Ltd Wts

Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SSL)(TSX
VENTURE:SSL.WT)(TSX VENTURE:SSL.WT.A) announces that its shareholders have
approved the proposed five (5) for one (1) consolidation of the Company's common
shares (the "Consolidation"). The shareholders voted in favour of the
Consolidation at the shareholder's meeting held today. 


It is important to note that the Company's issued and outstanding listed
warrants (the "Listed Warrants"), which are currently traded on the TSX Venture
Exchange under the symbols SSL.WT and SSL.WT.A, are not being consolidated.
Following the Consolidation, each five (5) listed warrants of SSL.WT (expiring
on April 23, 2014) will entitle the holder to purchase one post-Consolidation
common share at the adjusted total exercise price of US$3.00. Each five (5)
Listed Warrants of SSL.WT.A (expiring on October 19, 2015) will entitle the
holder to purchase one post-Consolidation common share at the adjusted total
exercise price of US$5.00.


Subject to regulatory approval, Sandstorm anticipates to complete the
Consolidation on or about May 9, 2012. A detailed press release will be issued
with respect to the Consolidation upon its completion.


ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is a growth focused resource based company that seeks to
complete gold purchase agreements with companies that have advanced stage
development projects or operating mines. A gold purchase agreement involves
Sandstorm making an upfront cash payment to its partners and in exchange,
Sandstorm receives the right to purchase a percentage of the gold produced for
the life of the mine, at a fixed price per ounce. Sandstorm helps other
companies in the resource industry grow their business, 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 gold purchase agreements
with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corp., Rambler
Metals and Mining plc, Brigus Gold Corp., Metanor Resources Inc. and Donner
Metals Ltd. 


For more information visit: http://www.sandstormgold.com.

Cautionary Note Regarding Forward-Looking Information

Except for the statements of historical fact contained herein, the information
presented constitutes "forward-looking information" or "forward-looking
statements" within the meaning of applicable Canadian securities legislation.
Forward-looking statements can generally be identified by the use of
forward-looking terminology such as "may", "will", "expect", "intend",
"estimate", "anticipate", "believe", "continue", "plans", or similar
terminology. Forward-looking information is based on reasonable assumptions that
have been made by Sandstorm 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; as well as those factors discussed in the section
entitled "Risks to Sandstorm" in Sandstorm's annual report for the financial
year ended December 31, 2011. 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, Silver Wheaton Corp., Royal Gold, Inc.,
and Franco-Nevada Corporation.

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