<SEC-DOCUMENT>0001157523-20-001305.txt : 20201013
<SEC-HEADER>0001157523-20-001305.hdr.sgml : 20201013
<ACCEPTANCE-DATETIME>20201013162027
ACCESSION NUMBER:		0001157523-20-001305
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20201013
FILED AS OF DATE:		20201013
DATE AS OF CHANGE:		20201013

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:		201236514

	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>a52305620.htm
<DESCRIPTION>SANDSTORM GOLD LTD. 6-K
<TEXT>
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      &#160; </div>
    <div style="text-align: center; font-weight: bold; font-size: 16pt;">UNITED STATES</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center; font-weight: bold; font-size: 16pt;">SECURITIES AND EXCHANGE COMMISSION</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold; font-size: 16pt;">FORM 6-K</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER<br>
      PURSUANT TO RULE 13A-16 OR 15D-16<br>
      OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold;">For the month of October, 2020</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center;">Commission File Number: <font style="font-weight: bold;">001-35617</font></div>
    <div style="text-align: center; font-weight: bold;">&#160;</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold; font-size: 16pt;">Sandstorm Gold Ltd.</div>
    <div style="text-align: center;">(Translation of registrant&#8217;s name into English)</div>
    <div style="text-align: center;">&#160;</div>
    <div><br>
    </div>
    <div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
      <div>&#160;</div>
    </div>
    <div style="text-align: center; font-weight: bold;">Suite 1400 - 400 Burrard Street<br>
      Vancouver, British Columbia<br>
      V6C 3A6 Canada</div>
    <div style="text-align: center;">&#160;(Address of principal executive offices)</div>
    <div style="text-align: center;">&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div>
      <div><br>
      </div>
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    <div>Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.&#160;</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zfd647a3674334aadbe94d3999d12f983" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 25%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Form 20-F&#160;&#160;&#160;&#160; &#9744;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Form 40-F&#160;&#160;&#160; &#9746;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify;">&#160;<br>
      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):&#160;&#160;&#160; &#9744;</div>
    <div>&#160;</div>
    <div>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):&#160;&#160;&#160; &#9744;</div>
    <div>&#160;</div>
    <div>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.&#160;</div>
    <div><br>
    </div>
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          <td style="width: 25%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Yes&#160;&#160;&#160;&#160; &#9744;</div>
          </td>
          <td style="width: 75%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">No&#160;&#160;&#160; &#9746;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-&#160;</div>
    <div>&#160;</div>
    <div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
      <div>&#160;&#160; </div>
    </div>
    <div></div>
    <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
    <div style="text-align: center;">&#160;</div>
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          <td style="width: 9.62%; vertical-align: middle;">&#160;</td>
          <td style="width: 90.29%; vertical-align: middle;">&#160;</td>
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          <td style="width: 9.62%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 0.8pt;">Exhibit</div>
          </td>
          <td style="width: 90.29%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="margin-right: 0.8pt;">Description of Exhibit</div>
          </td>
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            <div style="text-align: center; margin-right: 0.8pt;">&#160;</div>
          </td>
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            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.62%; vertical-align: top;">
            <div style="text-align: center; margin-right: 0.8pt;"><a href="a52305620ex99_1.htm">99.1</a></div>
          </td>
          <td style="width: 90.29%; vertical-align: top;">
            <div style="margin-right: 0.8pt;"><a href="a52305620ex99_1.htm">Sandstorm Gold Royalties Provides Warrant Exercise Instructions</a></div>
          </td>
        </tr>

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    &#160; &#160;
    <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
    <div>&#160;</div>
    <div>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.</div>
    <div>&#160;</div>
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          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
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            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="margin-right: 1.8pt; font-weight: bold;">SANDSTORM GOLD LTD.</div>
          </td>
        </tr>
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          <td style="width: 49.93%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
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            <div style="margin-right: 0.8pt;">&#160;</div>
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            <div style="margin-right: 0.8pt;">&#160;</div>
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            <div style="margin-right: 0.8pt;">&#160;</div>
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          <td style="width: 49.93%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Date: October 13, 2020</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">By:&#160;&#160; &#160;</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="margin-right: 0.8pt;">/s/&#160;Erfan Kazemi</div>
          </td>
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            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Name: Erfan Kazemi</div>
          </td>
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          <td style="width: 49.93%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Title: Chief Financial Officer</div>
          </td>
        </tr>

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    <div><br>
    </div>
    <div>&#160;</div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52305620ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div><font style="font-weight: bold;"> <br>
    </font></div>
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          <td style="width: 50.00%;">
            <div><img src="logo.jpg"> <br>
            </div>
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            <div style="text-align: right;">&#160;<img src="pr.jpg"></div>
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    <div style="font-family: Helvetica, sans-serif; font-size: 8pt;"><font style="font-weight: bold;">OCTOBER 13, 2020</font><font style="font-size: 22pt; font-weight: bold;">&#160;</font><font style="font-size: 10pt;">|</font><font style="font-size: 20pt; font-weight: bold;">&#160;</font><font style="font-weight: bold;">VANCOUVER, BC</font></div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="font-family: Verdana, sans-serif; font-size: 20pt; font-weight: bold;">SANDSTORM GOLD ROYALTIES </div>
    <div style="font-family: Verdana, sans-serif; font-size: 20pt; font-weight: bold;">PROVIDES WARRANT EXERCISE </div>
    <div style="font-family: Verdana, sans-serif; font-size: 20pt; font-weight: bold;">INSTRUCTIONS</div>
    <div>&#160;<br>
    </div>
    <div>
      <div style="text-indent: -28.35pt; margin-left: 28.35pt; color: #998B57; font-family: Helvetica, sans-serif; font-size: 10.5pt; font-weight: bold;"> <br>
      </div>
      <div style="text-indent: -28.35pt; margin-left: 28.35pt; color: #998B57; font-family: Helvetica, sans-serif; font-size: 10.5pt; font-weight: bold;">DESIGNATED NEWS RELEASE
        <div>&#160;</div>
      </div>
      <div style="text-indent: -28.35pt; margin-left: 28.35pt; color: #998B57; font-family: Helvetica, sans-serif; font-size: 10.5pt; font-weight: bold;"> <br>
      </div>
    </div>
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      <div><br>
      </div>
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        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    </div>
    <div style="font-family: Georgia, serif;">Sandstorm Gold Ltd. (&#8220;Sandstorm Gold Royalties&#8221;, &#8220;Sandstorm&#8221; or the &#8220;Company&#8221;) (NYSE: SAND, TSX: SSL) is pleased to provide warrant exercise instructions for the Sandstorm warrants expiring on November 3, 2020
      at 4:30 pm EST (the &#8220;Expiry Time&#8221;) having CUSIP 80013R164 (the &#8220;Warrants&#8221;). Each Warrant entitles the holder thereof to purchase one common share of Sandstorm (the &#8220;Common Shares&#8221;) at a price of US$4.00.</div>
    <div style="font-family: Georgia, serif;">&#160;
      <div>
        <table cellspacing="0" cellpadding="0" id="zaaf3cdb3cf914539b8141cd8a0a9eebf" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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              <td style="width: 9.9pt; vertical-align: top; align: right;">
                <div style="color: #998B57; font-family: 'Wingdings 3', serif; font-size: 7pt; font-weight: bold;">u</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-indent: 26.1pt; color: #998B57; font-family: Helvetica, sans-serif; font-size: 7pt; font-weight: bold;">EXERCISE INSTRUCTIONS &#8211; CERTIFICATED WARRANTS</div>
              </td>
            </tr>

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      </div>
    </div>
    <div style="font-family: Georgia, serif;"><font style="color: rgb(127, 118, 72);"> </font><br>
    </div>
    <div style="font-family: Georgia, serif;">Individuals who wish to exercise the Warrants into Common Shares may do so by submitting the following materials, which must be received by the warrant agent prior to the Expiry Time:</div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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              <div style="margin-left: 14.2pt; font-size: 9pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-indent: 7.65pt; font-family: Georgia, serif; font-size: 9pt;">the original warrant certificate;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 28.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 14.2pt; font-size: 9pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-indent: 7.65pt; font-family: Georgia, serif; font-size: 9pt;">a completed and executed Subscription Form (found on the back of the warrant certificate);</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 28.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 14.2pt; font-size: 9pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-indent: 7.65pt; font-family: Georgia, serif; font-size: 9pt;">the exercise funds, in US Dollars, made payable to Sandstorm Gold Ltd. in the form of a certified cheque, bank draft or money order;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 28.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 14.2pt; font-size: 9pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-indent: 7.65pt; font-family: Georgia, serif; font-size: 9pt;">any special or delivery instructions for the Common Shares on a cover letter.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="font-family: Georgia, serif;">The above materials must be sent to:</div>
    <div style="font-family: Georgia, serif;">Sandstorm Gold Ltd.</div>
    <div style="font-family: Georgia, serif;">c/o Computershare Trust Company of Canada (the "Warrant Agent")</div>
    <div style="font-family: Georgia, serif;">3rd Floor, 510 Burrard Street</div>
    <div style="font-family: Georgia, serif;">Vancouver, BC V6C 3B9</div>
  </div>
  <br>
  <br>
  <div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z94165399bd7c48958d88e96febf979aa">

        <tr>
          <td style="width: 50.00%;">
            <div><img src="sandstorm.jpg"> <br>
            </div>
          </td>
          <td style="width: 50.00%;">
            <div style="text-align: right;">&#160;<img src="ticker_exchange.jpg"></div>
          </td>
        </tr>

    </table>
  </div>
  <div> <br>
  </div>
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  <div><br>
    <div style="font-family: Georgia, serif;">
      <div>
        <table cellspacing="0" cellpadding="0" id="z95df57a4c9e84fd4ab0134796a00046b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 9.9pt; vertical-align: top; align: right;">
                <div style="color: #998B57; font-family: 'Wingdings 3', serif; font-size: 7pt; font-weight: bold;">u</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-indent: 26.1pt; color: #998B57; font-family: Helvetica, sans-serif; font-size: 7pt; font-weight: bold;">EXERCISE INSTRUCTIONS &#8211; WARRANTS HELD ELECTRONICALLY</div>
              </td>
            </tr>

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      </div>
    </div>
    <div style="font-family: Georgia, serif;"> <br>
    </div>
    <div style="font-family: Georgia, serif;"> <br>
    </div>
    <div style="font-family: Georgia, serif;">Individuals holding the Warrants in electronic form must instruct their brokerage firm to inform CDS Clearing and Depository Services Inc. (&#8220;CDS&#8221;) of their intention to exercise the Warrants. Upon receiving the
      exercise request and the payment for the exercise price, CDS will arrange for the Warrant exercise with the Warrant Agent.</div>
    <div>&#160;</div>
    <div style="font-family: Georgia, serif;">In all cases, individuals should make arrangements sufficiently in advance of the expiry date in order to ensure the required materials are received by the warrant agent prior to the Expiry Time.&#160; Any Warrant
      with respect to which the required materials is not received by the Warrant Agent before the Expiry Time shall be deemed to have expired and become void and all rights with respect to such Warrants shall terminate and be cancelled.&#160; For additional
      details, refer to the warrant indenture between the Company and the Warrant Agent dated November 3, 2015, which is available under the Company&#8217;s profile on SEDAR at <font style="font-size: 9pt; font-weight: bold;">www.sedar.com</font> and on EDGAR
      at <font style="font-size: 9pt; font-weight: bold;">www.sec.gov</font><font style="font-family: 'Times Roman', serif;">.</font></div>
    <br>
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            <tr>
              <td style="width: 9.9pt; vertical-align: top; align: right;">
                <div style="color: #998B57; font-family: 'Wingdings 3', serif; font-size: 7pt; font-weight: bold;">u</div>
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              <td style="width: auto; vertical-align: top;">
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            </tr>

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    <div style="font-family: Georgia, serif;"> <br>
    </div>
    <div style="font-family: Georgia, serif;">The Common Shares issuable upon exercise of the Warrants by U.S. holders are registered under the U.S. Securities Act of 1933, as amended, in accordance with the U.S./Canada Multijurisdictional Disclosure
      System pursuant to a prospectus supplement dated October 13, 2020 (the &#8220;Prospectus Supplement&#8221;) to the registration statement on Form F-10 (File No. 333-237619) including a base prospectus (the &#8220;Registration Statement&#8221;), which was declared effective
      by the&#160; United States Securities and Exchange Commission&#160; (the &#8220;SEC&#8221;) on April 20, 2020.</div>
    <div>&#160;</div>
    <div style="font-family: Georgia, serif;">Copies of the Prospectus Supplement and the Registration Statement are available at the Company&#8217;s profile on EDGAR at <font style="font-size: 9pt; font-weight: bold;">www.sec.gov</font> and should all be
      carefully reviewed and considered by prospective investors in connection with any exercise of the Warrants for Common Shares. Copies of the Prospectus Supplement and the Registration Statement may also be obtained from Sandstorm Gold Ltd., Suite
      1400, 400 Burrard Street, Vancouver, British Columbia, V6C 3A6 or by telephone at 604-628-1164, or by email at <font style="font-weight: bold;">info@sandstormgold.com</font>.</div>
    <div>&#160;</div>
    <div style="font-family: Georgia, serif; font-style: italic;">This news release is not an offer to sell or the solicitation of an offer to buy the Common Shares in the United States, and the issuance of Common Shares upon exercise of the Warrants in
      the United States is subject and pursuant to the Registration Statement and Prospectus Supplement which forms a part.</div>
    <div>&#160;&#160; </div>
  </div>
  <div><br>
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      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

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              <div><img src="sandstorm.jpg"> <br>
              </div>
            </td>
            <td style="width: 50.00%;">
              <div style="text-align: right;">&#160;<img src="ticker_exchange.jpg"></div>
            </td>
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      </table>
    </div>
    <div>&#160;</div>
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  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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  </div>
  <br>
  <div style="margin-right: 127.6pt; font-family: Helvetica, sans-serif; font-size: 8pt; font-weight: bold;">CONTACT INFORMATION</div>
  <div>&#160;</div>
  <div style="font-family: Georgia, serif;">For more information about Sandstorm Gold Royalties, please visit our website at <font style="font-size: 9pt; font-weight: bold;">www.sandstormgold.com</font> or email us at <font style="font-size: 9pt; font-weight: bold;">info@sandstormgold.com</font><font style="font-family: 'Times New Roman', serif;">.</font></div>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 34.11%; vertical-align: top;">
          <div style="font-family: Helvetica, sans-serif; font-weight: bold;">ERFAN KAZEMI</div>
        </td>
        <td style="width: 13.64%; vertical-align: top;">&#160;</td>
        <td style="width: 52.25%; vertical-align: top;">
          <div style="font-family: Helvetica, sans-serif; font-weight: bold;">KIM BERGEN</div>
        </td>
      </tr>
      <tr>
        <td style="width: 34.11%; vertical-align: top;">
          <div style="font-family: Helvetica, sans-serif; font-size: 6.5pt; font-weight: bold;">CHIEF FINANCIAL OFFICER</div>
        </td>
        <td style="width: 13.64%; vertical-align: top;">&#160;</td>
        <td style="width: 52.25%; vertical-align: top;">
          <div style="font-family: Helvetica, sans-serif; font-size: 6.5pt; font-weight: bold;">CAPITAL MARKETS</div>
        </td>
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      <tr>
        <td style="width: 34.11%; vertical-align: top;">
          <div style="font-family: Georgia, serif; font-size: 9pt; font-weight: bold;">604 689 0234</div>
        </td>
        <td style="width: 13.64%; vertical-align: top;">&#160;</td>
        <td style="width: 52.25%; vertical-align: top;">
          <div style="font-family: Georgia, serif; font-size: 9pt; font-weight: bold;">604 628 1164</div>
        </td>
      </tr>

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    <div><br>
    </div>
    <div>
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            <tr>
              <td style="width: 50.00%;">
                <div><img src="sandstorm.jpg"> <br>
                </div>
              </td>
              <td style="width: 50.00%;">
                <div style="text-align: right;">&#160;<img src="ticker_exchange.jpg"></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
  </div>
  <div><br>
  </div>
  <div>&#160;</div>
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  <div>
    <div style="font-family: Helvetica,sans-serif; font-size: 9pt; color: rgb(109, 109, 109);">ABOUT SANDSTORM GOLD ROYALTIES</div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="text-align: justify; font-family: Georgia,serif; font-size: 7pt; color: rgb(109, 109, 109);">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 202 royalties, of which 24 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 style="font-family: 'Times New Roman', serif;">.</font> For more information visit: www.sandstormgold.com.</div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="font-family: Helvetica,sans-serif; font-size: 9pt; color: rgb(109, 109, 109);">CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS</div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="text-align: justify; font-family: Georgia,serif; font-size: 7pt; color: rgb(109, 109, 109);">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 (&#8220;US GAAP&#8221;) in certain material respects, and thus are not directly
      comparable to financial statements prepared in accordance with US GAAP.</div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="text-align: justify; font-family: Georgia,serif; font-size: 7pt; color: rgb(109, 109, 109);">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 &#8220;mineral resource&#8221;, &#8220;measured mineral resource&#8221;, &#8220;indicated mineral
      resource&#8221; and &#8220;inferred mineral resource&#8221; 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 &#8220;mineral resource&#8221;, &#8220;measured mineral resource&#8221;, &#8220;indicated mineral resource&#8221; and &#8220;inferred mineral resource&#8221; 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 style="font-family: 'Times New Roman', serif;">.</font></div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="font-family: Helvetica,sans-serif; font-size: 9pt; color: rgb(109, 109, 109);">CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION</div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="text-align: justify; font-family: Georgia,serif; font-size: 7pt; color: rgb(109, 109, 109);">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 &#8220;may&#8221;, &#8220;will&#8221;, &#8220;expect&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221;, &#8220;anticipate&#8221;, &#8220;believe&#8221;, &#8220;continue&#8221;, &#8220;plans&#8221;, or similar terminology.</div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="text-align: justify; font-family: Georgia,serif; font-size: 7pt; color: rgb(109, 109, 109);">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, changes in business plans and strategies, market conditions, share price, best use of available cash, 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 or other commodity 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.</div>
    <div style="color: rgb(109, 109, 109);">&#160;</div>
    <div style="text-align: justify; font-family: Georgia,serif; font-size: 7pt; color: rgb(109, 109, 109);">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 &#8220;Risks to Sandstorm&#8221; in Sandstorm&#8217;s annual report for the financial year ended
      December 31, 2019 and the section entitled &#8220;Risk Factors&#8221; contained in the Company&#8217;s annual information form dated March 30, 2020 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 style="font-family: 'Times New Roman', serif;">.</font></div>
  </div>
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                  <div style="text-align: right;">&#160;<img src="ticker_exchange.jpg"></div>
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>sandstorm.jpg
<TEXT>
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>ticker_exchange.jpg
<TEXT>
begin 644 ticker_exchange.jpg
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
