Sandstorm and Novadx Announce the Completed Acquisition of Additional Rex Coal and Related Assets in Tennessee

Sandstorm Metals & Energy Ltd. ("Sandstorm") (TSX VENTURE:SND) together with
Novadx Ventures Corp. ("Novadx") announce the completed acquisition (previously
announced by Novadx on October 16, 2012) of Mine 12, the Turley Rail Load-Out,
and the Smokey Junction Preparation Plant (the "Acquisition") located in
Campbell and Scott Counties, Tennessee (the "Tennessee Properties"). The
Tennessee Properties were acquired from Premium Coal Company, National Coal, LLC
and Jacksboro Coal Company, LLC, for an aggregate purchase price of US$8.5
million (the "Purchase Price").


The Acquisition was completed through a newly incorporated company ("US Inc.")
which will be initially owned by Sandstorm and by Novadx, based on their
relative contribution to the Purchase Price. Novadx will have full control over
management and operation of US Inc. and has a one-year option (the "Option
Period") to acquire Sandstorm's interest in US Inc. at cost. Novadx will be
responsible for the costs of any operations until the expiry of the Option
Period. The Purchase Price was paid through a cash payment of US$3,000,000
contributed by Sandstorm, US$2,000,000 payable through the issuance of 4,377,675
common shares of Sandstorm and a short term promissory note issued by US Inc. in
the amount of US$3,500,000 (the "Note"). The Note will be payable by US Inc. but
may be paid through the issuance of Sandstorm common shares, at the option of
Sandstorm. 


Mine 12 is contiguous with Novadx's existing Rex coal reserves and will provide
a second mine entry into the high quality coal seam and potentially add to the
reserves and resources and extend the mine life. In addition, the Smokey
Junction Preparation Plant should facilitate a more rapid start-up of mining
operations at the Rex No. 1 mine and the Turley Rail Load-Out facility brings
improved market access, both domestic and export. The Acquisition of the
Tennessee Properties significantly improves Novadx's asset package and
marketability and puts Novadx in a more favorable position to complete the
special warrant financing previously announced on September 21, 2012 and October
12, 2012. The US$3,000,000 cash commitment from Sandstorm towards the Purchase
Price forms part of Sandstorm's previously announced commitment to subscribe for
up to $5,000,000 under the Novadx special warrant financing. 


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 seven commodity streams in copper, palladium, oil,
natural gas and coal. 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.,
Novadx Ventures Corp., Terrex Energy 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, 2011. 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
(604) 689-0234


Sandstorm Metals & Energy Ltd.
Denver Harris
Investor Relations Contact
(604) 628-1178
www.sandstormmetalsandenergy.com
Sandstorm Metals And Energy Ltd (TSXV:SND)
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