Sandstorm Gold Announces 13.4 g/t Over 9.5 Metres at Bachelor Lake

Sandstorm Gold Announces 13.4 g/t Over 9.5 Metres at Bachelor Lake 
VANCOUVER, Jan. 16, 2014 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: 
SAND, TSX: SSL) is pleased to announce drilling results from the ongoing 
underground drilling program at the Bachelor Lake Mine ("Bachelor"), owned and 
operated by Metanor Resources Inc. ("Metanor") (TSX-V: MTO). Metanor is 
completing underground exploration drilling to extend the known mineralized 
zones and increase the mineral resources at Bachelor. Significant 
intersections from the drilling program are summarized in the table below: 

    |Hole  |From (m)|To (m)|Width (m)|Au Grade (g/t)|Zone|
    |10-07 |24.0    |27.9  |3.9      |10.0          |H   |
    |10-09 |17.2    |19.1  |1.9      |14.5          |H   |
    |10-10 |26.0    |30.5  |4.5      |15.0          |H   |
    |10-11 |22.6    |26.5  |3.9      |4.3           |H   |
    |10-12 |38.2    |47.7  |9.5      |13.4          |H   |
    |12-205|77.4    |81.9  |4.5      |9.4           |06  |
    |13-104|12.2    |17.8  |5.6      |18.7          |E   |
    |13-105|19.9    |26.2  |6.3      |6.0           |E   |
    |13-106|5.1     |13.2  |8.1      |5.8           |E   |
    |13-108|7.1     |18.3  |11.3     |6.0           |06  |
    |13-109|13.3    |22.7  |9.4      |5.2           |06  |
    |13-110|19.9    |22.0  |2.1      |4.1           |06  |
    |13-118|16.0    |18.0  |2.0      |8.5           |06  |
    |13-119|8.2     |16.1  |7.9      |5.4           |06  |
    |13-120|9.9     |18.7  |8.8      |7.2           |06  |
    |13-121|14.4    |21.4  |7.0      |6.8           |06  |
    |14-39 |130.0   |136.5 |6.5      |10.0          |E   |
    |14-40 |135.0   |138.9 |3.9      |13.0          |E   |
    |14-41 |141.8   |143.6 |1.8      |5.1           |E   |
    |14-45 |151.2   |162.2 |10.9     |6.7           |E   |
    |14-47 |180.6   |181.8 |1.3      |4.1           |E   |
    |14-52 |188.5   |190.9 |2.4      |6.1           |E   |
    |14-53 |193.0   |195.9 |2.8      |4.9           |E   |

Recent drilling has focused on the Main vein in the Hewfran sector, identified 
as H in the table above, which is the lateral extension immediately west of 
the Main vein at Bachelor.  The 06 zone corresponds to a new sector of the 
mine, west of the known sector on levels 13 and 14. Other drill holes from 
level 13 targeted the upper extension of the E zone where a drift on level 13 
exposed a gold structure (see Metanor press release dated August 22, 2013).  
The drilling activity has confirmed the continuity of this gold 
mineralization, both downward and upward. 
Sandstorm's President & CEO, Nolan Watson commented, "The positive drill 
results and continued ramp up of gold production at Bachelor Lake is 
encouraging for Sandstorm shareholders." 
Sandstorm has a gold stream agreement to purchase 20% of the life of mine gold 
produced at Bachelor, at a per ounce price of US$500 per ounce. 
Pascal Hamelin, P.Eng, Vice-president of Operations at Metanor, is the 
Qualified Person under NI 43-101 responsible for reviewing and approving the 
technical information contained in this news release. 
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 gold produced from a mine, for the life of the 
mine, at a fixed price per ounce. Sandstorm has acquired a portfolio of eight 
gold streams and twenty-seven gold royalties, of which thirteen of the 
underlying mines are producing gold. 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 stream 
agreements with Brigus Gold Corp., Entrée Gold Inc., Luna Gold Corp., Metanor 
Resources Inc., Mutiny Gold Ltd., Rambler Metals and Mining plc., Santa Fe 
Gold Corp., and SilverCrest Mines Inc. 
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 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. 
Sandstorm Gold Ltd. Nolan Watson, Chief Executive Officer (604) 689-0234 
Denver Harris, Investor Relations Contact (604) 628-1178 
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-0- Jan/16/2014 22:16 GMT
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