Sandstorm Metals & Energy Provides Corporate Update and Releases Q4 Results

In connection with the release of its fourth quarter and annual results,
Sandstorm Metals & Energy Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SND)
is pleased to provide a corporate update on the activities of the Company (all
figures U.S.). 


Current Streams

Sandstorm has a portfolio of 4 commodity streams in 3 diversified commodities
including the following:


Bracemac-McLeod Mine - Copper Stream

Sandstorm has a copper stream with Donner Metals Ltd. to purchase 24.5% of the
copper produced from the Bracemac-McLeod Mine ("Bracemac-McLeod") at $0.80 per
pound (subject to adjustment if the spot price of copper falls below $2.75 per
pound, in which case the payments will decrease to $0.55 per pound).
Bracemac-McLeod is operated by Xstrata Canada Corp. and the mine is expected to
initiate production during the second quarter of 2013. 


An ongoing 35,000 metre drill program on the McLeod Deep Zone has discovered
high-grade sulphide mineralization between the proven and probable mineral
reserves in the McLeod Zone (2.10 million tonnes grading 9.25% zinc, 1.18%
copper, 24.98 g/t silver, 0.49 g/t gold) and inferred mineral resources in the
McLeod Deep Zone (2.47 million tonnes grading 9.21% zinc, 1.22% copper, 39.81
g/t silver and 1.12 g/t gold). These new results increase the hypothesis that
the two zones, separated by a 200-metre un-drilled gap, are connected by
continuous high-grade sulphide mineralization, which has potential implications
for additional mineral resources and extended mine life at Bracemac-McLeod.


Serra Pelada Mine - Palladium Stream 

Sandstorm has a palladium stream with Colossus Minerals Inc. ("Colossus") to
purchase 35% of the palladium produced from the Serra Pelada Mine ("Serra
Pelada") at $100 per ounce. Serra Pelada is a high-grade gold-platinum-palladium
mine that is expected to initiate gold production in the second half of 2013,
with platinum and palladium production beginning at the end of 2014. Colossus is
in the process of collecting a bulk sample and the material is being assayed and
sorted on surface, the results of which are expected in the coming weeks.
Underground drilling is ongoing and the data is being used to complete the first
mineral resource/reserve estimate at Serra Pelada. 


In connection with the palladium stream, the Company has made a $15 million cash
payment to Sandstorm Gold Ltd. 


Gordon Creek Property - Natural Gas Stream 

Sandstorm has a natural gas stream with Thunderbird Energy Corp. ("Thunderbird")
to purchase 35% of the natural gas produced from the Gordon Creek Property
("Gordon Creek") at $1.00 per mcf (plus 20% of the price received that is above
$4.00 per mcf and less certain production taxes that have recently averaged less
than 2% of revenue). In addition to continuing production from four historical
wells, Thunderbird commenced production from eight new wells at Gordon Creek in
late 2012. The Gordon Creek wells produce from stacked sands and coals within
the Ferron zone, and it is common for these wells to require a period of
dewatering. Thunderbird is in the process of optimizing pump performance to
maximize water removal, and results to date, although preliminary, have been
encouraging.


Hugo North Extension and Heruga - Copper Stream 

Sandstorm has a copper stream with Entree Gold Inc. ("Entree") to purchase 2.5%
of Entree's 20% share of the copper produced from the Heruga and Hugo North
Extension deposits at $0.50 per pound. The deposits are on the Entree - Oyu
Tolgoi LLC joint venture property which forms part of the world-class Oyu Tolgoi
copper mining complex. 


Sale of Streams

Two Creek and Strathmore - Oil Streams 

Sandstorm recently announced a settlement agreement with Terrex Energy Inc.
("Terrex") whereby the oil stream agreement between Sandstorm and Terrex was
sold as part of a business combination between Terrex and Anterra Energy Inc.
("Anterra"). In consideration for the settlement, Sandstorm received
approximately $10.6 million including $3.26 million in cash, approximately $3
million worth of equipment (to be sold in the near-term), a $4 million
convertible debenture and 9.39 million common shares of Anterra. 


Rex No. 1 and Rosa - Coal Streams 

In the fall of 2012, Sandstorm announced a proposed restructuring of Novadx
Ventures Corp. ("Novadx") which was contingent upon Novadx raising $15 million
in equity capital. Due to the progress of the equity financing and other
operational delays, Sandstorm recorded an impairment charge to the Novadx coal
stream and other related assets in the amounts of $27.8 million and $5.2
million, respectively. Sandstorm holds senior security on the Rex No. 1 and Rosa
Mines and any future restructuring associated with Novadx will provide Sandstorm
with an opportunity to extract value from the initial investment.


Sandstorm President and CEO Nolan Watson commented, "When Sandstorm was launched
two years ago, we completed commodity stream agreements with small junior
resource companies and although the companies were developing quality assets,
the challenging times that we have seen in the capital markets have made it
extremely difficult for small junior companies to access development financing."
Watson continued, "As a result, Sandstorm has shifted its focus to larger
transactions with intermediate-sized resource companies that have sufficient
access to capital through the market cycle. By paying off the $15 million
liability due to Sandstorm Gold for the Serra Pelada palladium stream, we have
cleaned up our balance sheet and we have a strong foundation of four commodity
streams, two of which are expected to generate cash flow in the near-term. We
strongly believe in our prospects for future growth and our management team is
committed to building fundamental value for our shareholders for years to come."



Sandstorm's fourth quarter and annual results for the year ended December 31,
2012 are available on SEDAR at www.sedar.com and on the Company website at
www.sandstormmetalsandenergy.com. 


Proposed Share Consolidation

Sandstorm is proposing a consolidation of its issued and outstanding common
shares (the "Common Shares") on the basis of one (1) post-consolidation Common
Share for up to every ten (10) pre-consolidation Common Shares (the
"Consolidation"), with the final consolidation ratio to be set by the Company's
Board of Directors within the range approved by the shareholders. The purpose of
the Consolidation is to attract additional institutional investors and for
potential future stock market listings. 


If approved, the Consolidation would reduce the Company's 333,360,280 issued and
outstanding Common Shares to approximately 33,336,028 Common Shares. The
exercise price of outstanding stock options would be proportionately adjusted
based upon the final consolidation ratio. The proposed Consolidation is subject
to the approval of the TSX Venture Exchange and Sandstorm's shareholders.


Full details regarding the proposed Consolidation will be included in the
information circular to be mailed on April 4, 2013 to all Sandstorm shareholders
of record on March 26, 2013, and posted on SEDAR at www.sedar.com in connection
with the Annual and Special Meeting of Shareholders, which is scheduled to be
held on Friday, May 10, 2013. 


Webcast and Conference Call Details

A conference call will be held on Wednesday, March 27, 2013 starting at 8:30am
PDT to further discuss the corporate update. To participate in the conference
call use the following dial-in numbers:


Local / International: 647-788-4916 

North American Toll-Free: 877-214-4966

It is recommended that participants dial in five minutes prior to the
commencement of the conference call. To access an audio webcast of the
conference call, use the following link:
www.snwebcastcenter.com/custom_events/sandstorm-20130327/site/. 


Robin Adair (VP of Exploration) is a Qualified Person for Donner Metals Ltd. and
is responsible for the technical information reported in this news release.


ABOUT SANDSTORM METALS & ENERGY

Sandstorm Metals & Energy Ltd. is the world's first diversified streaming
company. Sandstorm provides upfront financing to resource companies that are
looking for capital and in return, receives a commodity streaming agreement.
This agreement gives Sandstorm the right to purchase a percentage of the
commodity produced, for the life of the asset, at a fixed price. Sandstorm has
acquired a portfolio of four commodity streams in copper, palladium and natural
gas. Sandstorm plans to grow its production base through the acquisition of
additional commodity streams.


Sandstorm Metals & Energy is focused on low cost operations with excellent
exploration potential and strong management teams. Sandstorm has completed
commodity purchase agreements with Colossus Minerals Inc., Donner Metals Ltd.,
Entree Gold Inc. and Thunderbird Energy Corp. 


For more information visit: 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" or "forward-looking
statements" within the meaning of applicable Canadian securities legislation.
Forward-looking statements can generally be identified by the use of
forward-looking terminology such as "may", "will", "expect", "intend",
"estimate", "anticipate", "believe", "continue", "plans", or similar
terminology. 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 operations from which Sandstorm
will purchase commodities and risks related to those 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 commodities; industry conditions,
including fluctuations in the price of commodities, 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, 2012. 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, Franco-Nevada Corporation, BHP Billiton and Rio Tinto.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sandstorm Metals & Energy Ltd.
Nolan Watson
President & Chief Executive Officer
[phone]


Sandstorm Metals & Energy Ltd.
Denver Harris
Investor Relations Contact
[phone]
www.sandstormmetalsandenergy.com