Date closed: 11/3/2015

Value: US$28.75 million

On November 3, 2015, Sandstorm Gold Ltd. (Sandstorm) closed its bought deal financing, including the exercise in full of the underwriters' over-allotment option. A total of 10,087,800 units of Sandstorm were sold at a price of US$2.85 per Unit, for aggregate gross proceeds of US$28.75 million. Each Unit consists of one common share of Sandstorm and one-half of one common share purchase warrant. Each Warrant will entitle the holder to acquire one common share of Sandstorm at a price of US$4.00 at any time prior to November 3, 2020. The Warrants will trade on the TSX under the symbol SSL.WT commencing at the open of markets on November 3, 2015.

The Offering was made through a syndicate of underwriters co-led by National Bank Financial Inc. and BMO Capital Markets. The Offering was completed by way of an amended and restated prospectus supplement and an accompanying base shelf prospectus in all of the provinces of Canada, other than Québec, and was offered in the United States pursuant to an amended and restated prospectus supplement and an accompanying base shelf prospectus filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission under the Canada/U.S. multi-jurisdictional disclosure system.

Sandstorm Gold Ltd., headquartered in Vancouver, British Columbia, provides financing to gold mining companies through gold stream and royalty agreements.

BLG represented the underwriting syndicate with a team led by Fred Pletcher and Graeme Martindale that included Oggy Talic, Tom Ladner and Michelle Wilkinson.