. PREMIER ROYALTY ANNOUNCES COMPLETION OF ARRANGEMENT WITH SANDSTORM GOLD
Premier Royalty Inc. has completed the previously announced plan of arrangement under Section 182 of the Business Corporations Act (Ontario), pursuant to which Sandstorm Gold Ltd. acquired 100 per cent of the outstanding common shares of Premier Royalty, other than the Premier shares currently owned by Sandstorm.

Under the arrangement, Premier Royalty shareholders are entitled to receive common shares of Sandstorm on the basis of 0.145 of a Sandstorm share for each Premier share held. Each holder of warrants or options of Premier Royalty outstanding immediately prior to the effective time of the arrangement are entitled to receive 0.145 of a Sandstorm share on subsequent exercise of such warrant or option, as applicable, for the same aggregate consideration payable for such warrant or option. Shareholders of Premier Royalty voted overwhelmingly in favour of the transaction at the special meeting of shareholders held on Sept. 30, 2013, and Premier Royalty received final court approval on Oct. 3, 2013. For further details of the arrangement, see Premier Royalty's press release dated Aug. 14, 2013.

In connection with the arrangement, Premier Royalty has applied for the delisting of the Premier shares from the Toronto Stock Exchange and will apply to the applicable securities regulatory authorities for an exemption from certain requirements applicable to reporting issuers under Canadian securities laws.

In order to receive Sandstorm shares, registered holders of Premier shares must deliver a properly completed letter of transmittal and certificate(s) representing their Premier shares, along with any other required documents, to Computershare Investor Services Inc. at the address specified in the letter of transmittal. The letter of transmittal was mailed to the registered shareholders of Premier Royalty along with the management information circular dated Sept. 9, 2013, and is also available under Premier Royalty's profile on SEDAR or by contacting Computershare directly. The letter of transmittal is for use by registered holders of Premier shares only and is not to be used by non-registered beneficial holders of Premier shares. A beneficial shareholder does not hold Premier shares in its own name, and such shares are held by an intermediary. Beneficial shareholders should contact their intermediary for instructions and assistance in delivering certificates representing Premier shares and receiving the Sandstorm shares for such Premier shares.

We seek Safe Harbor.