Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has sold its previously announced holdings in the common shares of AuRico Metals Inc. (“AuRico”) for net proceeds of over US$10 million. The proceeds will be used to reduce the balance on the Company’s revolving credit facility to US$66 million. The shares were disposed at a price of $0.69, representing a 21% return since Sandstorm’s initial purchase of AuRico common shares in July 2015.

The asset sale represents a continuation of Sandstorm’s strategy to monetize non-core assets in order to reduce the Company’s outstanding debt.