VANCOUVER, BC / ACCESSWIRE / January 4, 2019 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or
the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 14,150 attributable
gold equivalent ounces1 during the fourth quarter of 2018 and approximately 57,600 attributable gold equivalent
ounces1 for the full 2018 year, the highest yearly total in Company history. Approximately 85% of the ounces came from
operations run by major and mid-tier mining companies.
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). As Sandstorm's operations are primarily focused on precious metals, the
Company presents this measure as it believes that certain investors use this information to evaluate the Company's performance in
comparison to other mining companies in the precious metals mining industry who present results on a similar basis. Other companies
may calculate these measures differently as a result of differences in the underlying accounting principles, policies applied and
in accounting frameworks, such as in IFRS. The presentation of these 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. The
Company'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 the period by the average realized gold price per ounce from the Company's gold
streams for the same respective period. Note these figures have not been audited and are subject to change.
ABOUT SANDSTORM GOLD ROYALTIES:
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 187 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.
For more information visit: www.sandstormgold.com
CAUTIONARY STATEMENTS TO U.S. SECURITY HOLDERS:
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 ("US GAAP") in certain material respects, and thus are not
directly comparable to financial statements prepared in accordance with US GAAP.
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 "mineral resource", "measured mineral resource",
"indicated mineral resource" and "inferred mineral resource" 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
"mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" 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.
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. 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 "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, 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 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, 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 "Risks to Sandstorm" in Sandstorm's annual report for the financial year ended December 31, 2017 and the Company'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.
CONTACT INFORMATION:
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Erfan Kazemi
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Kim Forgaard
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Chief Financial Officer
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Investor Relations
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604 689 0234
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604 628 1164
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SOURCE: Sandstorm Gold Ltd.