Sandstorm Metals & Energy Announces Amendment to the Natural Gas Purchase Agreement With Thunderbird Energy

Sandstorm Metals & Energy Ltd. ("Sandstorm") (TSX VENTURE:SND) is pleased to
announce an amendment to the natural gas purchase agreement with Thunderbird
Energy Corp. ("Thunderbird") (TSX VENTURE:TBD). 


Under the terms of the agreement announced on July 13, 2011, Sandstorm is
entitled to purchase 35% of all natural gas produced from Thunderbird's Gordon
Creek project for US$1.00 per mcf. As part of the agreement, Thunderbird
provided a commitment to drill a minimum of 50 new wells prior to December 31,
2012. In addition, Thunderbird guaranteed that Sandstorm will receive certain
minimum cash flows over the next several years.


Sandstorm and Thunderbird have agreed to amend the natural gas purchase
agreement whereby all minimum cash flow guarantees and drilling commitments at
Gordon Creek will be deferred by one year. As consideration for this deferral,
in March 2013, Thunderbird will issue to Sandstorm $2.55 million of Thunderbird
shares at a deemed price equivalent to the 50 day volume weighted average
trading price prior to issuance. In addition, the US$10 million that Sandstorm
was to remit to Thunderbird in May 2012 will now be remitted in May 2013. 


"This amendment provides material benefit to Sandstorm shareholders in the form
of Thunderbird shares while maintaining the full drilling commitments and cash
flow guarantees, on a 1 year deferred basis," said Sandstorm President and CEO,
Nolan Watson. 


ABOUT SANDSTORM METALS & ENERGY

Sandstorm Metals & Energy Ltd. is a growth focused resource based company that
seeks to complete commodity purchase agreements with companies that have
advanced stage development or operating projects. A commodity purchase agreement
involves Sandstorm making an upfront cash payment to its partners and in
exchange, Sandstorm receives the right to purchase a percentage of the commodity
produced for the life of the asset, at a fixed price per unit. Sandstorm helps
other companies in the resource industry grow their business while acquiring
attractive assets in the process.


Sandstorm Metals & Energy is focused on low cost operations with excellent
exploration potential and strong management teams. Sandstorm has completed
commodity purchase agreements with Novadx Ventures Corp., Royal Coal Corp.,
Terrex Energy Inc., Donner Metals Ltd. and Thunderbird Energy Corp. 


For more information visit: http://www.sandstormmetalsandenergy.com.

Cautionary Note Regarding Forward-Looking Information

Except for the statements of historical fact contained herein, the information
presented constitutes "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information is based
on reasonable assumptions that have been made by Sandstorm as at the date of
such information and is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance
or achievements of Sandstorm to be materially different from those expressed or
implied by the forward-looking information, including but not limited to: the
impact of general business and economic conditions; the absence of control over
mining operations from which Sandstorm will purchase gold and risks related to
those mining operations, including risks related to international operations,
government and environmental regulation, actual results of current exploration
activities, conclusions of economic evaluations and changes in project
parameters as plans continue to be refined; problems inherent to the
marketability of minerals; industry conditions, including fluctuations in the
price of metals, fluctuations in foreign exchange rates and fluctuations in
interest rates; stock market volatility; competition; as well as those factors
discussed in the section entitled "Risks to Sandstorm" in Sandstorm's annual
report for the financial year ended December 31, 2010. Although Sandstorm has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue
reliance on forward-looking information. Sandstorm does not undertake to update
any forward-looking information that is contained or incorporated by reference
herein, except in accordance with applicable securities laws. Sandstorm does not
provide any representation as to its comparability with other companies in its
industry including, but not limited to, Silver Wheaton Corp., Royal Gold, Inc.,
and Franco-Nevada Corporation.