[PPT] - E S T D 2 0 0 8 A U G U S T 2 0 1 4 CAUTIONARY NOTE REGARDING PowerPoint Presentation

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A U G U S T 2 0 1 4

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T S X : S S L N Y S E . M K T : S A N D

SLIDE 2 Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Ltd. (“Sandstorm”). Forward- looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, the timing and amount of estimated future production. 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 statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such

statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environ-

ment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and develop- ment risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level

f activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements,

including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sand- storm 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, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, 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 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or

intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those

anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

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THREE REASONS TO OWN SANDSTORM

Gold Streaming Advantage Strong Foundation Future Growth

Strong returns, lower risk Portfolio of 38 streams and royalties with 14 cash flowing assets Over $165 million in available capital for acquisitions

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STRONG RETURNS, LOWER RISK

SECTION ONE

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HOW A GOLD STREAM WORKS

Sandstorm sells the gold at spot price and receives a “stream” of cash flow. Sandstorm receives the right to purchase a percentage of the mine’s production at a fixed price per ounce. Sandstorm provides an upfront cash payment to a mining partner.

Upfront Payment Mining Partner Mining Partner % of Gold Production

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ADVANTAGES OF STREAMING

Exploration Upside

with no exploration costs

Gold Price Upside

with fixed cash costs forever

Diversification

without ongoing management of assets

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RELATIVE SHARE PRICE PERFORMANCE

0% –100% 100% 200% 300% 400% 500% 600% 700% 2010 ‘09 2014 2011 2012 2013

Sandstorm Gold Streaming Companies

(Silver Wheaton, Royal Gold, Franco-Nevada)

Sandstorm Partners Global Gold Index Fund 7

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Strong Foundation

SECTION TWO

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60,000

AuEq Ounces per year by 2017

10 28 14

Streams Royalties Cash Flowing Assets

40,000–50,000

AuEq Ounces in 2014

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64%

Cash Flow North America

34%

Cash Flow South America

2%

Cash Flow South Africa

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— ERFAN KAZEMI

CA, CFA Chief Financial Officer

—NOLAN WATSON

CA, CFA

Co-founder, President & CEO

—DAVID AWRAM

Co-founder & Senior EVP

SANDSTORM MANAGEMENT TEAM

— RON HO

Vice President, Finance

— JUSTIN COCHRANE

Executive VP, Corp Dev

— ADAM SPENCER

CA, CFA CFA CFA Vice President, Corp Dev

First Two Employees Of Silver Wheaton Involved in Closing Over $2 Billion in Streaming Transactions

B.Sc, Geologist

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SANDSTORM TECHNICAL TEAM

Tom was the former Chief Engineer at IFC (World Bank Group) and has completed over 100 project evaluations in over 60 countries Robert has 50+ years of experience with exploration/production in major and junior hard rock mining co.’s

—TOM BRUINGTON —ROBERT BLAIR

EVP, Project Evaluation Consulting Economic Geologist

Sr. Fellow SEG, GSA
P. Eng., M.Sc.

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THE MINING SECTOR’S FIRST SYNDICATED GOLD STREAM

KARMA GOLD STREAM

LOCATION

Burkina Faso, West Africa

ONGOING PAYMENTS

20% of the spot price of gold

TERMS

$100 million deal: Sandstorm Gold 25%, Franco Nevada 75%

$25 million upfront 5,000 ozs/year for 5 years, 1.6% life of mine gold stream thereafter

NEW GOLD STREAM TRUE GOLD MINING

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ALL ASSETS BEING DRILLED TO EXTEND MINE LIFE

KEY GOLD STREAMS PRODUCING

+20y MINE LIFE REMAINING AURIZONA GOLD STREAM

PAID

$27.8M $44.4M

+10y MINE LIFE REMAINING SANTA ELENA GOLD STREAM

PAID

$22M

CASH FLOW TO DATE CASH FLOW TO DATE CASH FLOW TO DATE

$24.2M

+8y MINE LIFE REMAINING BLACK FOX GOLD STREAM

PAID

$56.3M $50.5M

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GUALCAMAYO