Sandstorm Gold Ltd. has entered into 10 royalty agreements on properties in Africa and the USA. Sandstorm has completed a royalty agreement with Orezone Gold Corp. to provide up to $8.0 million in financing to advance its Bomboré Project in Burkina Faso, West Africa.

Sandstorm will deliver $3.0 million upfront to acquire a 0.45% net smelter returns royalty on Bomboré and has committed to an additional $5.0 million in royalty financing, available to Orezone on a drawdown basis for a period of two years. Orezone can access the Standby Royalty in the following three tranches: $1 million for a 0.15% NSR; $1 million for a 0.15% NSR; and $3 million in cash or shares for a 0.45% NSR. Sandstorm has a right of first refusal ("ROFR") on any future stream or royalty financings related to the Bomboré Project until 36 months following the achievement of commercial production at the mine. Orezone has the option to repurchase the Upfront Royalty from Sandstorm for a period of 36 months, at a premium of 10% per year up to a maximum of 30%.

The Standby Royalty can also be repurchased at a premium of 10% per year if Orezone completes a gold stream financing and Sandstorm participates for no less than $30 million. Orezone's 168 km2 Bomboré project, containing 4.6 million ounces of measured and indicated gold resources (2.0 million ounces of oxide resources and 2.6 million ounces of sulfide resources). Gold resources occur at surface in several zones along an 11 kilometre strike length.

Resources are open at depth and the average drilling depth to date is about 120 metres below surface. The gold mineralization occurs within the main Bomboré shear zone and is associated with silica, sulphide and carbonate-albite-tourmaline-biotite alteration as well as arrays of quartz veins and veinlets. Gold is free and mainly associated with minor pyrite, chalcopyrite and arsenopyrite disseminations and stringers.

The Bomboré project is located 85 kilometres east of the capital city of Ouagadougou and is adjacent to the national paved highway. The available infrastructure includes a high voltage power line nearby, access to sufficient water and a local labor force. Orezone is currently working towards the completion of a Feasibility Study and intends to apply for a mining permit during the first half of 2015.

Sandstorm has completed a royalty agreement with Castle Peak Mining Ltd. on its Akorade Project in Ghana, West Africa. Sandstorm delivered CAD 1.15 million upfront to acquire a 1% NSR royalty on Akorade, excluding the Bonsaso license. The Company has a ROFR on any future stream or royalty financings related to Akorade.

The Akorade project consists of nine concessions in the Ashanti gold belt covering approximately 225 km2 near the regional mining centre of Tarkwa. A main road runs through the property and Castle Peak has access to grid power from all concessions. Castle Peak recently published an inferred mineral resource based on a single shoot on the Apankrah structure and plans to continue exploration along this structure and on parallel structures in order to increase the resource.

Recent drill result highlights included intersections of 4 metres of 22.8 gpt gold and 7 metres of 7.0 gpt gold. Initial metallurgical testwork on assay samples has resulted in greater than 97% recovery using gravity and carbon-in-leach processes with 85% recovery in a gravity concentrate. Castle Peak will use the resource estimation and metallurgical testing as a basis for a Preliminary Economic Assessment.

Sandstorm has acquired 8 royalties on early-staged projects in Nevada, USA in a transaction with Tarsis Resources Ltd. The company also has a ROFR on any future stream or royalty agreements related to the Nevada properties.