Vancouver, British Columbia, February 14, 2011 - Sandstorm Metals & Energy Ltd. ("Sandstorm Energy" or the "Corporation") (TSX-V: SND) has advanced US$25 million to Novadx Ventures Corp. ("Novadx") (TSX-V: NDX) in accordance with the coal purchase agreement previously announced on November 26, 2010. With this transfer of funds, Sandstorm Energy has advanced US$30 million of the US$38 million upfront payment that is owed to Novadx. The remaining US$8 million is subject to funding conditions which Novadx is expected to complete in the near future.

Sandstorm Energy has a purchase agreement with Novadx to acquire 25% of the first 3,800,000 tons of metallurgical equivalent coal produced and 16% of the life of mine metallurgical equivalent coal produced thereafter from the Rosa Mine, the Rex No. 1 Mine and the Ikerd Mines.

For more information on Novadx, visit www.novadx.com

ABOUT SANDSTORM METALS & ENERGY
Sandstorm Metals & Energy Ltd. is a growth focused resource based company that seeks to complete commodity purchase agreements (i.e. metal streaming deals) with companies that have advanced stage development projects or operating mines. A commodity purchase agreement involves Sandstorm making an upfront cash payment to its partners and in exchange, Sandstorm Energy receives the right to purchase a percentage of the commodity produced for the life of the asset, at a fixed price per unit. Sandstorm helps other companies in the resource industry grow their business, while acquiring attractive assets in the process.

Sandstorm is focused on low cost, profitable operations with excellent exploration potential and management teams focused on accretive growth in politically stable jurisdictions. Sandstorm has completed energy purchase agreements with NovaDX Ventures Corp. and Royal Coal Corp. For more information visit: www.sandstormmetalsandenergy.com