Vancouver, British Columbia, March 30, 2011 - Sandstorm Gold Ltd. ("Sandstorm") (TSX-V: SSL) is pleased to report that Brigus Gold Corp. ("Brigus") (TSX: BRD) has successfully completed construction of the new underground infrastructure at its Black Fox Mine ("Black Fox"). Underground ore production is underway and is expected to exceed 250 tonnes per day ("tpd") at the end of March 2011, reach commercial production in April 2011 and ramp up to 1,100 tpd by the end of 2011. The anticipated increase in production is due in part to the new 1.1 kilometre ramp leading from surface to the 235 metre level underground, enabling Brigus to use its much larger and more productive haulage fleet.

While the underground infrastructure was being constructed, mining from Phase 1 open pit operations were restricted, but Phase 2 open pit operations commenced on March 23, 2011 following the commissioning of a new ventilation and service raise and removal of the old facility. The Black Fox Mill is expected to operate with feed coming from both the underground and the open pit at 2,000 tonnes per day.

Under the terms of the gold purchase agreement announced on November 9, 2010, Sandstorm is entitled to purchase 12% of the life of mine gold produced from Black Fox at a per ounce price equal to the lesser of US$500 and the then prevailing market price of gold. For more information on the Black Fox Mine please visit the Brigus Gold website at www.brigusgold.com.

Metanor Resources

Sandstorm has remitted US$9 million to Metanor Resources Inc. ("Metanor") (TSX-V: MTO) in accordance with the gold purchase agreement announced on January 17, 2011. Under the terms of the agreement, Sandstorm is entitled to purchase 20% of the life of mine gold produced from the Bachelor Lake project at a per ounce price equal to the lesser of US$500 and the then prevailing market price of gold.

Metanor has now received US$14 million from Sandstorm with the final US$6 million payment scheduled for September 1, 2011. For more information on the Bachelor Lake project please visit the Metanor website at www.metanor.ca.

ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a growth focused resource based company that seeks to complete gold purchase agreements with companies that have advanced stage development projects or operating mines. A gold purchase agreement involves Sandstorm making an upfront cash payment to its partners and in exchange, Sandstorm receives the right to purchase a percentage of the gold produced for the life of the mine, at a fixed price per ounce. Sandstorm helps other companies in the resource industry grow their business, while acquiring attractive assets in the process.

Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase agreements with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corp., Rambler Metals and Mining plc, Brigus Gold Corp. and Metanor Resources Inc. For more information visit: http://www.sandstormgold.com