Vancouver, British Columbia, April 18, 2011 - Sandstorm Gold Ltd. ("Sandstorm") (TSX-V: SSL) is pleased to announce that drilling from the Aurizona Mine, owned and operated by Luna Gold Corp. ("Luna") (TSX-V: LGC) has reported positive assay results from seven new holes. Significant mineralized intercepts are:
55.00 metres @ 4.15 grams/tonne Au including 1.00 metre @ 20.00 grams/tonne Au and 17.00 metres @ 7.80 grams/tonne Au in BRAZD293A
21.00 metres @ 2.50 grams/tonne Au including 8.00 metres @ 5.21 grams/tonne Au in BRAZD297
29.00 metres @ 2.53 grams/tonne Au including 0.50 metres @ 57.00 grams/tonne Au in BRAZD301
"The drill results from Luna confirm the strong exploration upside that exists at Aurizona," said Sandstorm President and CEO Nolan Watson. "These new intercepts are from an area that has few historical holes and potentially represents new material that can be brought into the mine plan."

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.

Luna approved a major 2011 exploration budget for the Aurizona Mine and expects to continue to aggressively drill the deposits with the goal of expanding the current resource base ahead of an upcoming scoping study. Drilling is currently focused on infilling over the 3 kilometre strike length of the Piaba deposit to increase measured and indicated mineral resources and discover new zones of mineralization.

Updated cross sections and a drill plan map have been uploaded to the Luna website at www.lunagold.com. Significant mineralized intercepts are tabulated below.
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http://www.sandstormgold.com/s/NewsReleases.asp?ReportID=452189

Mineralized drill intercepts from the ongoing Aurizona resource drill program. Intervals are calculated as composites using a 0.30 grams/tonne Au cut-off and maximum 2 metre internal waste. True widths to be established.

Titus Haggan Ph.D., EurGeol Certified Professional Geologist #746, Luna's VP Exploration is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program and has supervised the preparation of and reviewed the technical disclosure in this press release. Non-Qualified Persons currently work on Luna's exploration programs under the guidance of Titus Haggan. Dr Haggan takes responsibility for work, information and advice generated by non-Qualified Persons and has taken the steps required to ensure that the work, information and advice is sound.