Sandstorm Gold Remits First Upfront Payment to True Gold

dstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has remitted $9.25 million of the $25 million it has committed to True Gold Mining Inc. ("True Gold") (TSX-V: TGM) in connection with the previously announced gold stream financing between Sandstorm, Franco-Nevada Corporation and True Gold. True Gold is developing the Karma Project in Burkina Faso, West Africa ("Karma Project") and Sandstorm anticipates remitting the remaining $15.75 million to True Gold over the course of 2014 and 2015. Construction at the Karma Project is proceeding as planned. By the end of September, site earthworks are expected to be over 60% complete and long lead-time capital items such as the soft and hard rock crushing circuits, leach pad liner, cement silos, and power plant have been ordered while the major mining equipment including the primary excavator, haul trucks, dozers, and graders will begin to arrive at site in November. A scoping study of the North Kao deposit is underway and is expected to be released in the fourth quarter of this year. Exploration at the Karma Project is ongoing. A total of 14,712 metres of drilling in 97 holes and 373 line-kilometres of ground geophysics have been completed. Exploration is focused on both the expansion of 2013/14 discoveries, such as the northern extension of the Nami deposit (6.0 metres of 29.5 g/t Au)1, Watinoma (70.5 metres of 1.91 g/t Au)2 and Yabonsgo (5.6 metres of 12.6 g/t Au)3, as well as testing new targets to feed the exploration pipeline (Soulou and Anomaly B). (1) See True Gold news release dated June 9, 2014. (2) See True Gold news release dated August 20, 2013. (3) See True Gold news release dated March 3, 2014. Scott Heffernan, M.Sc., P.Geo., Vice President Exploration of True Gold, is the designated Qualified Person within the meaning of NI 43-101 for this news release. Mr. Heffernan has reviewed and verified that the scientific and technical information contained in this release is accurate and approves of the written disclosure of same.