Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE: SAND, TSX: SSL) is pleased to announce that its Board of Directors has declared the Company’s second quarterly cash dividend for 2023 in the amount of C$0.02 per common share to shareholders of record as of the close of business on April 18, 2023. The dividend will be paid on April 28, 2023. The dividend qualifies as an “eligible dividend” as defined in the Income Tax Act (Canada).

The declaration, timing, amount, and payment of future dividends will be subject to the discretion and approval of the Board of Directors. The Company will review the dividend program on an ongoing basis and may amend it at any time depending on the Company’s then current financial position, capital allocation framework, profitability, cash flow, debt covenant compliance, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.

Sandstorm filed its Form 40-F for the year ended December 31, 2022 with the Securities and Exchange Commission and it is available on EDGAR at www.sec.gov/edgar.shtml. The Company’s 2022 Audited Financial Statements, along with its Form 40-F, are both available on the Company’s website at www.sandstormgold.com.

Shareholders may also receive copies of these documents, without charge, upon request to Sandstorm’s Investor Relations Department, Suite 1400, 400 Burrard St, Vancouver, British Columbia, V6C 3A6 Canada or to info@sandstormgold.com.

CONTACT INFORMATION
For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at info@sandstormgold.com.

NOLAN WATSON
PRESIDENT & CEO