Sandstorm Gold Announces Record Revenue in Q1, 2013

Sandstorm Gold Announces Record Revenue in Q1, 2013 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/08/13 -- Sandstorm
Gold Ltd. (TSX:SSL)(NYSE MKT:SAND) ("Sandstorm" or the "Company") has
released its unaudited results for the first quarter ended March 31,
2013 (all figures in U.S. dollars). 
First Quarter Highlights 

--  Record revenue of $15.4 million. 
--  Gold sales of 8,581 ounces. 
--  Average cash cost per ounce(1) of $427 resulting in cash operating
    margins(1) of $1,208 per ounce. 
--  Operating cash flow of $7.0 million. 
--  Acquired 46.7 million common shares and 7.0 million warrants of Premier
    Royalty Inc. representing approximately 59.9% of the currently issued
    and outstanding shares. 
--  Credit facility upsize to $100 million. 
--  Entered into a streaming agreement with Entree Gold Inc. to purchase
    25.7% and 33.8% of Entree's 20% share of the gold and silver produced
    from the Heruga and Hugo North Extension deposits, respectively. 
--  Net loss of $12.3 million due to a non-cash impairment charge of $14.0
    million on goodwill arising from the Premier Royalty business

"The strong revenue and gold sales during the first quarter point to
stable mining operations underlying Sandstorm's streaming
agreements," said President and CEO, Nolan Watson. "Sandstorm is on
track to meet our annual production guidance and we are looking
forward to a number of potential catalysts over the next year. These
catalysts include expansion studies at Aurizona and Santa Elena,
initial production at Serra Pelada and Bracemac-McLeod, continued
exploration at a number of mines and potential announcements related
to new streaming agreements." 
Sandstorm's forecasted attributable production for 2013 is 33,000 to
40,000 gold equivalent ounces coming from seven active mines.
Attributable production is expected to increase to approximately
70,000 gold equivalent ounces by 2016 from the Company's current
portfolio of gold streams. 
Sandstorm's Management's Discussion and Analysis (MD&A) and Financial
Statements for the first quarter results will be accessible on the
Company's website and on SEDAR at The Company has also
completed a Form 6-K filing with the SEC that will be accessible on
DGAR at Shareholders can request a
hard copy of the MD&A and Financial Statements by emailing 
Webcast and Conference Call Details 
A conference call will be held on Thursday, May 9, 2013 starting at
8:30am PDT to further discuss the first quarter results. To
participate in the conference call use the following dial-in numbers: 
Local/International: 647-788-4916 
North American Toll-Free: 877-214-4966 
It is recommended that participants dial in five minutes prior to the
commencement of the conference call. To access an audio webcast of
the conference call, use the following link: http://www.snwebcastcent webcast will also be available 
on the Sandstorm website. 
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides
upfront financing for gold mining companies that are looking for
capital and in return receives a gold streaming agreement. This
agreement gives Sandstorm the right to purchase a percentage of the
life of mine gold produced, at a fixed price. Sandstorm is a
non-operating gold mining company with a portfolio of ten gold
streams, six of which are producing gold, and three NSR royalties.
Sandstorm plans to grow and diversify its low cost production profile
through the acquisition of additional gold streams. 
Sandstorm is focused on low cost operations with excellent
exploration potential and strong management teams. Sandstorm has
completed gold purchase or royalty agreements with Brigus Gold Corp.,
Colossus Minerals Inc., Donner Metals Ltd., Entree Gold Inc., Luna
Gold Corp., Magellan Minerals Ltd., Metanor Resources Inc., Mutiny
Gold Ltd., Santa Fe Gold Corp., SilverCrest Mines Inc., Rambler
Metals and Mining plc and Solitario Exploration & Royalty Corp. 
For more information visit: 
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 Gold Ltd. ("Sandstorm"). Forward-looking statements
include, but are not limited to, statements with respect 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 "may", "will", "expect", "intend", "estimate", "anticipate",
"believe", "continue", "plans", or similar terminology. 
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 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. 
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 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, fluctuation in foreign exchange
rates and interest rates, stock market volatility, as well as those
factors discussed in the section entitled "Risks to Sandstorm" in
Sandstorm's annual report for the financial year ended December 31,
2012 available at 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 cau
se 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. 
Note 1: Sandstorm has included certain performance measures in this
press release that do not have any standardized meaning prescribed by
International Financial Reporting Standards (IFRS) including average
cash cost per ounce of gold and cash operating margin. Average cash
cost per ounce of gold is calculated by dividing the total cost of
sales, less depletion, by the ounces sold. In the precious metals
mining industry, this is a common performance measure but does not
have any standardized meaning. The Company believes that, in addition
to conventional measures prepared in accordance with IFRS, certain
investors use this information to evaluate the Company's performance
and ability to generate cash flow. Cash operating margin is
calculated by subtracting the average cash cost per ounce of gold
from the average realized selling price per ounce of gold. 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 presentation of
these non-IFRS measures 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. 
Neither the TSX Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Exchange) accepts
responsibility for the adequacy or accuracy of this release. 
Sandstorm Gold Ltd.
Erfan Kazemi
Chief Financial Officer
(604) 689-0234 
Sandstorm Gold Ltd.
Denver Harris
Investor Relations
(604) 628-1178
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