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Sandstorm Gold Announces Closing of Premier Royalty Acquisition

       Sandstorm Gold Announces Closing of Premier Royalty Acquisition

PR Newswire

VANCOUVER, Oct. 4, 2013

VANCOUVER, Oct. 4, 2013 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the
"Company") (NYSE MKT:SAND, TSX:SSL) is pleased to announce the closing of the
previously announced acquisition (the "Acquisition") of all the outstanding
common shares of Premier Royalty Inc. ("Premier Royalty"). The resolution
approving the Acquisition was approved by 99.95% of the votes cast by Premier
Royalty shareholders at a special meeting held on September 30, 2013. A Final
Order approving the Acquisition was granted by the Ontario Superior Court of
Justice on October 3, 2013.

With the acquisition of Premier Royalty, Sandstorm has a cash balance of  over 
$90 million and a  portfolio of 9  gold streams and 25  gold royalties, 13  of 
which are producing gold.

ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is  a gold streaming  company. Sandstorm provides  upfront 
financing to 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 nine gold
streams and twenty-five gold royalties. Sandstorm plans to grow and  diversify 
its low cost  production profile  through the acquisition  of additional  gold 
streams.

For more information visit: www.sandstormgold.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

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 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.

SOURCE Sandstorm Gold Ltd.

Contact:

Sandstorm Gold Ltd.
Nolan Watson, Chief Executive Officer
(604) 689-0234

Denver Harris, Investor Relations Contact
(604) 628-1178
 
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