Sandstorm Resources Ltd.

TSX VENTURE : SSL


Sandstorm Resources Ltd.
Sandstorm Metals & Energy Ltd.

TSX VENTURE : SND


Sandstorm Metals & Energy Ltd.

May 13, 2010 09:00 ET

Sandstorm Resources and Sandstorm Metals Announce Closing of the Spin-Out of Sandstorm Metals & Energy Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2010) - Sandstorm Resources Ltd. ("Sandstorm Resources" or the "Corporation") (TSX VENTURE:SSL) and Sandstorm Metals & Energy Ltd. ("Sandstorm Metals") (TSX VENTURE:SND) are pleased to announce that the previously announced arrangement between Sandstorm Resources and Sandstorm Metals has now been completed. The Corporation obtained the final order approving the arrangement from the Supreme Court of British Columbia on May 4, 2010. The arrangement became effective at 12:01am on May 13, 2010 and the common shares of Sandstorm Metals will commence trading on the TSX Venture Exchange under the symbol "SND" at the market open today, May 13, 2010. 

This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the United States Securities Act of 1933, as amended, or an applicable exemption from such registration requirements.

ABOUT SANDSTORM RESOURCES

Sandstorm Resources Ltd. is a growth focused resource based company that seeks to complete transactions with companies that have advanced stage development projects or operating mines. By making upfront payments to its partners, Sandstorm Resources receives volume based production payments (i.e. metal stream deals) on precious metals. Sandstorm Resources helps other companies in the resource industry grow their businesses, while acquiring attractive precious metal assets in the process.

Sandstorm Resources is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed volume based production payments with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corporation and Rambler Metals and Mining plc. For more information visit: www.sandstormresources.com.

ABOUT SANDSTORM METALS & ENERGY

Sandstorm Metals & Energy Ltd. is a growth focused resource based company that seeks to complete transactions with companies that have advanced stage development projects or operating mines. By making upfront payments to its partners, Sandstorm Metals plans to acquire volume based production payments (i.e. metal stream deals) on base metals, bulk commodities and energy production. Sandstorm Metals helps other companies in the resource industry grow their businesses, while acquiring attractive assets in the process.

Sandstorm Metals is focused on low cost, profitable operations with excellent exploration potential and management teams focused on accretive growth in politically stable jurisdictions.

Cautionary Note Regarding Forward-Looking Information

Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking information" within the meaning of applicable Canadian securities legislation including. Forward‐looking information is based on reasonable assumptions that have been made by Sandstorm Resources and Sandstorm Metals as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm Resources and Sandstorm Metals to be materially different from those expressed or implied by the forward‐looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Sandstorm Resources 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; problems inherent to the marketability of minerals; industry conditions, including fluctuations in the price of metals, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; delays in the construction of the Ming Mine as well as those factors discussed in the section entitled "Risk Factors" in Sandstorm Resources' annual information form for the financial year ended December 31, 2009. Although Sandstorm Resources and Sandstorm Metals have attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward‐looking information. Sandstorm Resources and Sandstorm Metals do not undertake to update any forward‐looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm Resources is a precious metals company. Sandstorm Resources does not provide any representation as to its comparability with other companies in its industry including, but not limited to, International Royalty Corp., Gold Wheaton Gold Corp., Silver Wheaton Corp., Royal Gold Inc., and Franco-Nevada.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sandstorm Resources Ltd.
    Nolan Watson
    President and CEO
    (604) 689-0234
    or
    Sandstorm Resources Ltd.
    Denver Harris
    Investor Relations Contact
    (604) 689-0234
    www.sandstormresources.com