Vancouver, British Columbia - April 2, 2015 Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to provide a progress update at various projects underlying the Company's streams and royalties.

SilverCrest Mines Renews 8 Year Mine Life at Santa Elena

SilverCrest Mines Inc. ("SilverCrest") has filed a Pre-Feasibility Study and Open Pit Resource Update, showing 8 years of silver and gold production at the Santa Elena mine in Mexico ("Santa Elena"). The resource update highlights a minimal decrease of overall Probable Reserves even after mining depletion that has occurred and decreased metal price assumptions (cut-off grade analysis).

Sandstorm is entitled to purchase 20% of the gold produced at Sanra Elena at a per ounce price of $350. When Sandstorm's attributable production from Santa Elena reaches 50,000 ounces of gold, the on-going per ounce payments will increase to US$450.

For more information on the SilverCrest update, visit www.silvercrestmines.com and see the press release dated March 31, 2015.

Primero Continues Exploration & Development at Black Fox

Primero Mining Corp. ("Primero") recently announced a 2015 exploration budget of US$12.3 million for the Black Fox Complex in Ontario, Canada ("Black Fox"). Exploration activities will include 105,000 metres of diamond drilling, with a focus to delineate the Upper Central zone, which has had limited drilling historically, infill the mineralization between the current 520 metre level and the identified mineralization to a depth of 800 metres, test the depth potential to 1,000 meters and further explore the Lower East zone. Exploration drifting will include a fifth drill bay on the 520 metre level exploration drift. This drift was designed so underground drilling could test for the extension of the mine at depth across the strike length of the property. Primero will continue to explore for potential east and west extensions of the Black Fox open-pit, currently expected to deplete in September 2015. Drilling results in 2014 from surface identified the Tamarack Gold zone, east of the current open-pit, and the 2015 drilling program will continue to infill this area. In addition, Primero released a comprehensive 2014 exploration summary for Black Fox as well as a year-end mineral reserves and mineral resources. For more information, visit the Primero website at www.primeromining.com and see press releases dated February 23, 2015 and March 18, 2015.

Primero has forecasted 75,000 to 85,000 ounces of gold production in 2015 from Black Fox, of which Sandstorm is entitled to purchase 8% at $518 per ounce.

Metanor Closes Equity Financing, Terms Out Convertible Debentures

Metanor Resources Inc. ("Metanor") recently announced the completion of a CAD$3 million private placement, of which CAD$1 million was used to repay a portion of its convertible debentures (CAD$9 million in principal remains outstanding). In addition, Metanor was able to extend the maturity date on the debentures by 24 months to August 22, 2017. The capital raise and maturity extension put Metanor in a better financial position as they continue to produce gold from the Bachelor Lake mine in Quebec ("Bachelor Lake"). Sandstorm has a gold stream to purchase 20% of the gold production at Bachelor Lake for US$500 per ounce.

For more information on Metanor and to see recent exploration results, visit the company website at www.metanor.ca.

Luna Gold Works Toward Refinancing, Redevelopment of Aurizona

Upon achievement of a successful refinancing and repayment of its financial obligations, Luna Gold Corp. ("Luna") intends to commence the redesign and redevelopment of the Aurizona project in Brazil ("Aurizona"). The redevelopment goal is to design and construct a crushing and grinding circuit to handle all the ore types which remain within the Aurizona resource. The expected capital requirements to implement this process plant facility are being reviewed and will be presented in an updated NI 43-101 technical report in due course.

In Q3 2015, Luna's exploration group plans to start exploration for additional ore resources within the nearby pit area and within the existing pit. The goal of this exploration program will be to provide greater confidence on the grade and material properties of the resources and also provide higher levels of confidence in these resources for the engineering designs. Additionally, Luna is contemplating to commence a 2.1 metre raise of the tailings dam facility. This tailings dam raise will provide greater flexibility to the mine operations group because of the larger water containing capacity and will also allow for the quicker restart of the mine.

For more information, visit the Luna website at www.lunagold.com.

True Gold Expects Gold Production within 10 Months of Project Re-commencement

Since True Gold Mining Inc. ("True Gold") temporarily suspended operations at its Karma project in Burkina Faso ("Karma") earlier in 2015, True Gold has engaged in productive discussions with leaders from government, traditional authorities, religious groups, and local businesses in order to ensure strong ties with all of its stakeholders. True Gold has been able to limit capital expenditures during the shutdown and remains fully funded to production with approximately US$40 million in cash on hand, US$42 million available from the Franco Nevada Corp. and Sandstorm financing package, which includes an option to draw up to an additional US$20 million. For more information visit the True Gold website at www.truegoldmining.com.

Sandstorm has a gold stream agreement to purchase 25,000 ounces of gold over five years and 1.625% of the gold produced thereafter from the Karma Project. Sandstorm will make ongoing payments of 20% of the spot price of gold for each ounce purchased from True Gold.

Canadian Zinc Provides Resource Update at Prairie Creek Mine

Canadian Zinc Corporation ("Canadian Zinc") recently reported an update of the Mineral Resources at its Prairie Creek zinc, lead, silver mine located in the Northwest Territories, Canada ("Prairie Creek"). Total Measured and Indicated Mineral Resource tonnages increased by 21% and total Inferred Resource tonnages increased by 13%. Sandstorm has a 1.2% net smelter return royalty on Prairie Creek and a right of first refusal on any future stream and royalty financings.

For more information, visit the Canadian Zinc website at www.canadianzinc.com and see the press release dated March 26, 2015.

Gold Royalties Acquisition Expected to Close in April

Gold Royalties has distributed the Management Information Circular for the Special Meeting of Shareholders related to the proposed arrangement with Sandstorm under which Sandstorm will acquire all of the issued and outstanding common shares of Gold Royalties. The meeting will be held on April 23, 2015 and the arrangement is expected to become effective on or about April 27, 2015.

ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm 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 58 streams and royalties, of which 15 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.

For more information visit: www.sandstormgold.com