Sandstorm Gold Ltd. has reported additional positive assay results from drilling at the Aurizona mine. Significant mineralized intercepts from the twelve new holes are:
12.00 metres @ 3.43 g/t Au including 0.50 metre @ 49.60 g/t Au and 0.50 metre @ 14.75 g/t Au in BRAZD311;
19.00 metres @ 4.67 g/t Au including 3.00 metres @ 14.08 g/t Au and 2.00 metres @ 14.32 g/t Au in BRAZD314;
53.00 metres @ 2.09 g/t Au including 2.50 metres @ 7.11 g/t Au and 0.50 metre @ 11.70 g/t Au in BRAZD319.

In accordance with Sandstorm's gold purchase agreement with Luna, Sandstorm is entitled to purchase 17% of the life of mine gold produced from the Aurizona Mine at a per ounce price equal to the lesser of US$400 and the then prevailing market price.

Sandstorm President & CEO Nolan Watson commented, "It is encouraging to see the continuation of positive drill results at Aurizona. We are looking forward to Luna's resource upgrade in Q4 2011."