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*Sandstorm Gold Ltd. 
Listed Company 

SANDSTORM GOLD LTD. ("SSL")("SSL.WT")("SSL.WT.A")("SSL.WT.B")
BULLETIN TYPE: Graduation
BULLETIN DATE: November 22, 2012
TSX Venture Tier 1 Company

TSX Venture Exchange has been advised that the Company's shares and three series of warrants will be listed and commence trading on Toronto Stock Exchange at the opening on Friday, November 23, 2012, under the symbols "SSL", "SSL.WT", "SSL.WT.A", "SSL.WT.B".

As a result of this Graduation, there will be no further trading under the symbols "SSL", "SSL.WT", "SSL.WT.A", "SSL.WT.B" on TSX Venture Exchange after November 22, 2012, and the shares and warrants will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.
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