<SEC-DOCUMENT>0001654954-18-012748.txt : 20181114
<SEC-HEADER>0001654954-18-012748.hdr.sgml : 20181114
<ACCEPTANCE-DATETIME>20181114164906
ACCESSION NUMBER:		0001654954-18-012748
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20181114
FILED AS OF DATE:		20181114
DATE AS OF CHANGE:		20181114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANDSTORM GOLD LTD
		CENTRAL INDEX KEY:			0001434614
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35617
		FILM NUMBER:		181184741

	BUSINESS ADDRESS:	
		STREET 1:		1400-400 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3A6
		BUSINESS PHONE:		604-689-0234

	MAIL ADDRESS:	
		STREET 1:		1400-400 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3A6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SANDSTORM RESOURCES LTD
		DATE OF NAME CHANGE:	20080507
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ssl_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, D.C. 20549</font></div>
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FORM 6-K</font></div>
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REPORT OF FOREIGN PRIVATE ISSUER</font></div>
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PURSUANT TO RULE 13A-16 OR 15D-16</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
OF THE SECURITIES EXCHANGE ACT OF 1934</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
For the month of November, 2018</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Commission
File Number: <font style="font-weight: bold">001-35617</font></font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Sandstorm Gold Ltd.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Translation
of registrant&#x2019;s name into English)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Suite 1400 - 400 Burrard Street</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Vancouver, British Columbia</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
V6C 3A6 Canada</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;(Address
of principal executive offices)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Form
20-F&#xA0;&#xA0; &#x2610;</font></div>
</td>
<td style="vertical-align: top; width: 63%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form
40-F&#xA0;&#xA0; &#x2612;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):&#xA0;&#xA0;
&#x2610;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):&#xA0;&#xA0;
&#x2610;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.&#xA0;</font></div>
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&#x2610;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">No&#xA0;&#xA0;
&#x2612;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">If
&#x201C;Yes&#x201D; is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b):
82-&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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EXHIBIT INDEX</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Description
of Exhibit</font></div>
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<td style="vertical-align: top; width: 9%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="ssl_ex991.htm"><font style="font-family: Times New Roman; font-size: 13px">99.1</font></a></div>
</td>
<td style="vertical-align: middle; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 90%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Sandstorm
Gold Royalties Announces 2018 Third Quarter Results</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURE</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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</td>
<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">SANDSTORM
GOLD LTD.</font></div>
</td>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<td style="vertical-align: top; width: 50%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Date: November 14,
2018</font></font></div>
</td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ <font style="font-family: Times New Roman; font-size: 13px">Erfan
Kazemi</font></font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Name: Erfan
Kazemi</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Title: Chief
Financial Officer</font>&#xA0;</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ssl_ex991.htm
<DESCRIPTION>SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER RESULTS
<TEXT>
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&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 99.1</font><br></font></div>
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<font style="color: #947742; font-family: Times New Roman; font-size: 24px">SANDSTORM
GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER RESULTS</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #242424">
</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #242424">
Vancouver, British Columbia &#x2014; November 14, 2018</font>
<a name="_Hlk506991874">
<!--anchor--></a><font style="color: #242424">Sandstorm Gold Ltd.
(&#x201C;Sandstorm Gold Royalties&#x201D;, &#x201C;Sandstorm&#x201D; or
the &#x201C;Company&#x201D;) (NYSE American: SAND, TSX: SSL) has
released its results for the third quarter ended September 30, 2018
(all figures in U.S. dollars).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #242424; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#x2014; THIRD QUARTER HIGHLIGHTS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Revenue of $17.3
million (Q3 2017 - $17.9 million);</font></div>
</div>
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<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Attributable gold
equivalent ounces<font style="font-size: 70%; vertical-align: top">1</font> sold of 14,314
ounces (Q3 2017 &#x2013; 14,293 ounces);</font></div>
</div>
</div>
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<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Average cash cost
per attributable gold equivalent ounce<font style="font-size: 70%; vertical-align: top">1</font> of $248 resulting in
cash operating margins<font style="font-size: 70%; vertical-align: top">1</font> of $960 per ounce
(Q3 2017 - $246 per ounce and $1,009 per ounce
respectively);</font></div>
</div>
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<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Cash flows from
operating activities, excluding changes in non-cash working
capital<font style="font-size: 70%; vertical-align: top">1</font>,
of $11.4 million (Q3 2017 &#x2013; $11.1 million);</font></div>
</div>
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<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Net income of $2.1
million (Q3 2017 &#x2013; net income of $4.8 million).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #242424; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#x2014; OUTLOOK</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Based on the Company&#x2019;s existing royalties, attributable gold
equivalent ounces sold is forecasted to be between 56,000 &#x2013;
60,000 for 2018 and between 63,000 &#x2013; 73,000 ounces in 2019.
The Company is forecasting attributable gold equivalent production
of 140,000 ounces in 2023.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #242424; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#x2014; FINANCIAL RESULTS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Sandstorm&#x2019;s revenue during the third quarter of 2018 was
$17.3 million compared with $17.9 million for the comparable period
in 2017. The decrease is largely attributable to a 4% decrease in
the average realized selling price of gold.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Net income was lower when compared to the same period in 2017
partly due to certain non-recurring items that were recognized
during the third quarter of 2017, including a $3.4 million gain
primarily resulting from the Bachelor Lake gold stream amendment.
The decrease in net income was partially offset by a $0.7 million
decrease in depletion expense and a $0.3 million reduction in the
administrative costs due to cost reduction strategies.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #242424; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#x2014; STREAMS &amp; ROYALTIES: Q3 UPDATES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Of the attributable gold equivalent ounces sold by Sandstorm,
approximately 39% were attributable to mines located in Canada, 17%
from the rest of North America and 44% from South America and other
countries.</font></div>
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<div><font style="text-align: left; width: 5%; vertical-align: bottom; display: inline-block;">&#xA0;</font><font style="text-align: center; vertical-align: bottom; width: 90%; display: inline-block;">
<div><font style="font-size:13px;font-family:Times New Roman;color:#292934;">Three
months ended September 30, 2018</font></div>
</font><font style="text-align: left; width: 5%; vertical-align: bottom; display: inline-block;">&#xA0;</font></div>
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<div style="margin-left: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block;">&#xA0;</font><font style="text-align: center; vertical-align: bottom; width: 80%; display: inline-block;">
<div><font style="font-size:13px;font-family:Times New Roman;color:#292934;">Revenue
(in $000s)</font></div>
</font><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block;">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block;">&#xA0;</font><font style="text-align: center; vertical-align: bottom; width: 80%; display: inline-block;">
<div><font style="font-size:13px;font-family:Times New Roman;color:#292934;">Gold
Equivalent Ounces</font></div>
</font><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block;">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 76%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="color: #292934; font-family: Times New Roman; font-size: 13px">Canada</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 5%; font-family: Times New Roman; font-size: 13px;">$</font><font style="text-align: right; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 75%; font-family: Times New Roman; font-size: 13px;">6,665</font><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 5%; font-family: Times New Roman; font-size: 13px;">&#xA0;</font><font style="text-align: right; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 75%; font-family: Times New Roman; font-size: 13px;">5,521</font><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 76%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="color: #292934; font-family: Times New Roman; font-size: 13px">North
America excl. Canada</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 5%; font-family: Times New Roman; font-size: 13px;">$</font><font style="text-align: right; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 75%; font-family: Times New Roman; font-size: 13px;">3,005</font><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 5%; font-family: Times New Roman; font-size: 13px;">&#xA0;</font><font style="text-align: right; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 75%; font-family: Times New Roman; font-size: 13px;">2,491</font><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 76%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="color: #292934; font-family: Times New Roman; font-size: 13px">South
America &amp; Other</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 5%; font-family: Times New Roman; font-size: 13px;">$</font><font style="text-align: right; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 75%; font-family: Times New Roman; font-size: 13px;">7,619</font><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 5%; font-family: Times New Roman; font-size: 13px;">&#xA0;</font><font style="text-align: right; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 75%; font-family: Times New Roman; font-size: 13px;">6,302</font><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 76%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="color: #292934; font-family: Times New Roman; font-size: 13px">Total</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 5%; font-family: Times New Roman; font-size: 13px;">$</font><font style="text-align: right; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 75%; font-family: Times New Roman; font-size: 13px;">17,289</font><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
<div><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 5%; font-family: Times New Roman; font-size: 13px;">&#xA0;</font><font style="text-align: right; color: rgb(41, 41, 52); vertical-align: bottom; display: inline-block; width: 75%; font-family: Times New Roman; font-size: 13px;">14,314</font><font style="text-align: left; color: rgb(41, 41, 52); font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #6187AA; font-family: Times New Roman; font-size: 13px">
Canada</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Streams and royalties on Canadian mines contributed 6% less gold
equivalent ounces sold to Sandstorm when compared to the third
quarter of 2017. The change is primarily attributable to a decrease
in gold equivalent ounces sold from the Black Fox mine in Ontario
and a decrease in royalty revenue from the Bracemac-McLeod mine in
Quebec.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Black Fox Stream</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
McEwen Mining Inc. (&#x201C;McEwen&#x201D;) reported in their third
quarter results that their 2018 exploration budget at the Black Fox
Complex in Ontario, Canada has increased to $19 million. The goals
of the exploration program are to grow known deposits and make new
discoveries that will contribute to near-term and mid-term gold
production.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
During the third quarter of 2018, surface exploration drilling at
the Froome target area focused on evaluating the down-plunge
extension of the Froome Deposit and assessing the potential of the
mineralized footwall. Underground exploration drilling was
dedicated to confirming and expanding known mineralized trends that
are located close to current workings and could be brought into
production quickly. For the remainder of the year, underground
mining and exploration efforts will be dedicated to further
understanding the depth potential at the mine&#x2019;s main ore
system below the existing development.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #242424">
For more information refer to</font> <font style="font-weight: bold; text-decoration: underline; color: #947742">www.mcewenmining.com</font>
<font style="color: #242424">and see the press release dated
October 30, 2018.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Sandstorm has a gold stream agreement to purchase 8% of the gold
produced from Black Fox at an ongoing cost of $540 per
ounce.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #6187AA; font-family: Times New Roman; font-size: 13px">
North America Excluding Canada</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
When compared to the third quarter of 2017, gold equivalent ounces
coming from North America, excluding Canada, decreased by 35%. The
change was driven by a decrease in gold equivalent ounces sold
attributable to the Santa Elena mine in Mexico and a decrease in
royalty revenue from the Emigrant Springs mine in
Nevada.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #6187AA; font-family: Times New Roman; font-size: 13px">
South America &amp; Other</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Operations in South America and other countries contributed an
additional 1,723 gold equivalent ounces sold when compared to the
third quarter of 2017, representing a 38% increase. The recently
acquired Hound&#xE9; royalty contributed 1,399 of those
attributable gold equivalent ounces.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #242424; font-family: Times New Roman; font-size: 13px">
Cerro Moro Silver Stream</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Yamana
Gold Inc. (&#x201C;Yamana&#x201D;) has provided Sandstorm with
notification that it has met the contractual threshold for the
commencement of commercial production at the Cerro Moro mine
(&#x201C;Cerro Moro&#x201D;). Purchases under Sandstorm&#x2019;s
silver stream agreement will begin on silver produced from ore
mined starting on January 1, 2019. Accordingly, the first
attributable silver ounces are expected to be delivered to
Sandstorm starting in the second quarter of 2019.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Sandstorm
has a silver stream agreement to purchase an amount of silver from
Cerro Moro equal to 20% of the silver produced, up to a maximum of
1.2 million ounces of silver annually, until Yamana has delivered
to Sandstorm 7.0 million ounces of silver, then 9.0% of the silver
produced thereafter for the life of the mine. Sandstorm will make
ongoing payments for each ounce of silver received, equal to 30% of
the spot price per ounce of silver.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #242424; font-family: Times New Roman; font-size: 13px">
Aurizona Royalty</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Equinox Gold Corp. (&#x201C;Equinox Gold&#x201D;) announced that as
of September 30, 2018, overall project construction was 80%
complete at the Aurizona gold mine in Brazil. The project is on
track to achieve commercial production around the end of the first
quarter of 2019. At the end of the third quarter of 2018, more than
4 million tonnes of material had been moved and 270,000 tonnes of
ore stockpiled.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #242424">
For more information refer to</font> <font style="font-weight: bold; text-decoration: underline; color: #947742">www.equinoxgold.com</font>
<font style="color: #242424">and see the press release dated
October 31, 2018.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Sandstorm has a 3% - 5% sliding scale NSR royalty on the Aurizona
project. At gold prices less than or equal to US$1,500 per ounce,
the royalty is a 3% NSR. In addition, Sandstorm holds a 2% NSR
royalty on the Aurizona Greenfields property, a package of
exploration ground adjacent to the Aurizona project.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#x2014; WEBCAST &amp; CONFERENCE CALL DETAILS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
A conference call will be held on Thursday, November 15, 2018
starting at 8:30am PST to further discuss the third quarter
results. To participate in the conference call, use the following
dial-in numbers and conference ID, or join the webcast using the
link below:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Local/International: (+1) 201 389 0899</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
North American Toll-Free: (+1) 877 407 0312</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Conference ID: 13684537</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #242424">
Webcast URL:&#xA0;</font><font style="font-weight: bold; text-decoration: underline; color: #947742">https://bit.ly/2RHxZN4</font><font style="font-weight: bold; text-decoration: underline; color: #947742">&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #242424">
The Sandstorm Management Discussion and Analysis
(&#x201C;MD&amp;A&#x201D;) and Financial Statements for the three and
nine months ended September 30, 2018 will be accessible on the
Company&#x2019;s website and on SEDAR at www.sedar.com. The Company
has also completed a Form 6-K filing with the SEC that will be
accessible on EDGAR at www.sec.gov/edgar.shtml. Shareholders can
request a hard copy of the MD&amp;A and Financial Statements by
emailing</font> <font style="font-weight: bold; text-decoration: underline; color: #947742">info@sandstormgold.com</font><font style="color: #242424">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #947742; font-family: Times New Roman; font-size: 13px">
Qualified Person</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Keith Laskowski (MSc), Sandstorm&#x2019;s Vice President, Technical
Services is a Qualified Professional (#01221QP) of the Mining and
Metallurgical Society of America and a Qualified Person as defined
by Canadian National Instrument 43-101. He has reviewed and
approved the technical information in this press
release.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Note 1</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Sandstorm has included certain performance measures in this press
release that do not have any standardized meaning prescribed by
International Financial Reporting Standards (&#x201C;IFRS&#x201D;)
including average cash cost per attributable gold equivalent ounce,
average realized gold price per attributable ounce, cash operating
margin, and cash flows from operating activities excluding changes
in non-cash working capital. Average cash cost per attributable
gold equivalent ounce is calculated by dividing the Company&#x2019;s
cost of sales, excluding depletion by the number of attributable
gold equivalent ounces sold. The Company presents average cash cost
per ounce as it believes that certain investors use this
information to evaluate the Company&#x2019;s performance in
comparison to other streaming companies in the precious metals
mining industry who present results on a similar basis. Average
realized gold price per attributable ounce is calculated by
dividing the Company&#x2019;s sales by the number of attributable
gold equivalent ounces sold. The Company presents average realized
gold price per attributable ounce as it believes that certain
investors use this information to evaluate the Company&#x2019;s
performance in comparison to other streaming companies in the
precious metals mining industry that present results on a similar
basis. Cash operating margin is calculated by subtracting the
average cash cost per attributable gold equivalent ounce from the
average realized selling price per attributable gold equivalent
ounce. The Company presents cash operating margin as it believes
that certain investors use this information to evaluate the
Company's performance in comparison to other companies in the
precious metals mining industry who present results on a similar
basis. The Company has also used the non-IFRS measure of cash flows
from operating activities excluding changes in non-cash working
capital. This measure is calculated by adding back the decrease or
subtracting the increase in changes in non-cash working capital to
or from cash provided by (used in) operating activities. The
Company presents cash flows from operating activities excluding
changes in non-cash working capital as it believes that certain
investors use this information to evaluate the Company&#x2019;s
performance in comparison to other streaming companies in the
precious metals mining industry that present results on a similar
basis. Sandstorm has included attributable gold equivalent ounces
as a performance measure in this press release which does not have
any standardized meaning prescribed by IFRS. The Company&#x2019;s
royalty and other commodity stream revenue is converted to an
attributable gold equivalent ounce basis by dividing the royalty
and other commodity stream revenue for that period by the average
realized gold price per ounce from the Company&#x2019;s gold streams
for the same respective period. These attributable gold equivalent
ounces when combined with the gold ounces sold from the
Company&#x2019;s gold streams equal total attributable gold
equivalent ounces sold and may be subject to change. The
presentation of this non-IFRS measure is intended to provide
additional information and should not be considered in isolation or
as a substitute for measures of performance prepared in accordance
with IFRS. Other companies may calculate these non-IFRS measures
differently. Note these figures have not been audited and are
subject to change.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #947742; font-weight: bold; font-family: Times New Roman; font-size: 13px">
ABOUT SANDSTORM GOLD ROYALTIES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #947742; font-style: italic; font-family: Times New Roman; font-size: 13px">
Sandstorm is a gold royalty company that provides upfront financing
to gold mining companies that are looking for capital and in
return, receives the right to a percentage of the gold produced
from a mine, for the life of the mine. Sandstorm has acquired a
portfolio of 188 royalties, of which 20 of the underlying mines are
producing. Sandstorm plans to grow and diversify its low cost
production profile through the acquisition of additional gold
royalties.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #947742">
For more information visit</font><font style="color: #947742">:</font> <font style="font-weight: bold; text-decoration: underline; color: #947742">www.sandstormgold.com</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #947742; font-family: Times New Roman; font-size: 13px">
CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #292934; font-family: Times New Roman; font-size: 13px">
The financial information included or incorporated by reference in
this press release or the documents referenced herein has been
prepared in accordance with International Financial Reporting
Standards as issued by the International Accounting Standards
Board, which differs from US generally accepted accounting
principles (&#x201C;US GAAP&#x201D;) in certain material respects,
and thus are not directly comparable to financial statements
prepared in accordance with US GAAP.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #292934; font-family: Times New Roman; font-size: 13px">
Information contained or referenced in this press release or in the
documents referenced herein concerning the properties, technical
information and operations of Sandstorm has been prepared in
accordance with requirements and standards under securities laws,
which differ from the requirements of US securities laws. The terms
&#x201C;mineral resource&#x201D;, &#x201C;measured mineral
resource&#x201D;, &#x201C;indicated mineral resource&#x201D; and
&#x201C;inferred mineral resource&#x201D; used in this or in the
documents incorporated by reference herein are mining terms as
defined in accordance with NI 43-101 under guidelines set out in
the Definition Standards for Mineral Resources and Mineral Reserves
adopted by the Canadian Institute of Mining, Metallurgy and
Petroleum Council on 11 December 2005. While the terms
&#x201C;mineral resource&#x201D;, &#x201C;measured mineral
resource&#x201D;, &#x201C;indicated mineral resource&#x201D; and
&#x201C;inferred mineral resource&#x201D; are recognized and required
by securities laws other than the requirements of US securities
laws, they are not recognized by the SEC. Disclosure of contained
ounces are or may be permitted disclosure under regulations
applicable to Sandstorm; however, the SEC normally only permits
issuers to report resources as in place tonnage and grade without
reference to unit of production measures. As such, certain
information contained in this document or in the documents
incorporated by reference herein concerning descriptions of
mineralization and mineral resources under these standards may not
be comparable to similar information made public by US companies
subject to reporting and disclosure requirements of the
SEC.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #947742; font-family: Times New Roman; font-size: 13px">
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #292934; font-family: Times New Roman; font-size: 13px">
This press release contains "forward-looking statements", within
the meaning of the U.S. Securities Act of 1933, the U.S. Securities
Exchange Act of 1934, the Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities legislation, concerning
the business, operations and financial performance and condition of
Sandstorm. Forward-looking statements include, but are not limited
to, the future price of gold, the estimation of mineral reserves
and resources, realization of mineral reserve estimates, and the
timing and amount of estimated future production. Forward-looking
statements can generally be identified by the use of
forward-looking terminology such as &#x201C;may&#x201D;,
&#x201C;will&#x201D;, &#x201C;expect&#x201D;, &#x201C;intend&#x201D;,
&#x201C;estimate&#x201D;, &#x201C;anticipate&#x201D;,
&#x201C;believe&#x201D;, &#x201C;continue&#x201D;, &#x201C;plans&#x201D;,
or similar terminology.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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</div>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #292934; font-family: Times New Roman; font-size: 13px">
Forward-looking statements are made based upon certain assumptions
and other important factors that, if untrue, could cause the actual
results, performances or achievements of Sandstorm to be materially
different from future results, performances or achievements
expressed or implied by such statements. Such statements and
information are based on numerous assumptions regarding present and
future business strategies and the environment in which Sandstorm
will operate in the future, including the price of gold and
anticipated costs. Certain important factors that could cause
actual results, performances or achievements to differ materially
from those in the forward-looking statements include, amongst
others, gold and other commodity price volatility, discrepancies
between actual and estimated production, mineral reserves and
resources and metallurgical recoveries, mining operational and
development risks relating to the parties which produce the gold
Sandstorm will purchase, regulatory restrictions, activities by
governmental authorities (including changes in taxation), currency
fluctuations, the global economic climate, dilution, share price
volatility and competition.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #292934; font-family: Times New Roman; font-size: 13px">
Forward-looking statements are subject to known and unknown risks,
uncertainties and other important 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 such forward-looking statements, 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, other commodities or receive royalties from,
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, risks in the
marketability of minerals, fluctuations in the price of gold and
other commodities, fluctuation in foreign exchange rates and
interest rates, stock market volatility, as well as those factors
discussed in the section entitled &#x201C;Risks to Sandstorm&#x201D;
in Sandstorm&#x2019;s annual report for the financial year ended
December 31, 2017 and the Company&#x2019;s annual information form
dated March 29, 2018 available at www.sedar.com. Although Sandstorm
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Sandstorm does
not undertake to update any forward-looking statements that are
contained or incorporated by reference, except in accordance with
applicable securities laws.</font></div>
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<font style="font-weight: bold; color: #947742; font-family: Times New Roman; font-size: 13px">
CONTACT INFORMATION</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-weight: bold; color: #242424; font-family: Times New Roman; font-size: 13px">
Erfan Kazemi</font></div>
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<td style="vertical-align: top; width: 10%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #242424; font-family: Times New Roman; font-size: 13px">
Kim Forgaard</font></div>
</td>
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<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
Chief Financial Officer</font></div>
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Investor Relations</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #242424; font-family: Times New Roman; font-size: 13px">
604 689 0234</font></div>
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604 628 1164</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
