Sandstorm Metals & Energy Announces Approval and Effective Date of Share Consolidation

Sandstorm Metals & Energy Ltd. (TSX VENTURE:SND) ("Sandstorm" or the "Company")
announces that its shareholders have approved the proposed ten (10) for one (1)
consolidation of the Company's common shares ("Common Shares") (the
"Consolidation"). The shareholders voted in favour of the Consolidation at the
shareholder's meeting held today.


The Company will give effect to the Consolidation at 12:01 a.m., Wednesday, May
15, 2013. The Company's post-consolidation Common Shares will be posted for
trading on the TSX Venture Exchange at the opening Wednesday, May 15, 2013 under
the current symbol "SND" and new CUSIP number of 80013L308.


The 333,360,280 Common Shares issued and outstanding prior to the Consolidation
will be consolidated to approximately 33,336,028 Common Shares. If, as a result
of the Consolidation, a Shareholder would otherwise be entitled to a fraction of
a post-Consolidation Common Share, the number of post-Consolidation Common
Shares will be rounded to the nearest whole number. The Company's currently
outstanding stock options and restricted share rights will be adjusted on the
same basis with proportionate adjustments being made to the stock option
exercise prices.


Sandstorm will mail letters of transmittal to the registered holders of its
Common Shares, requesting that they forward their pre-consolidation Common Share
certificates to the Company's transfer agent, Computershare Investor Services
Inc., for exchange for new Common Share certificates representing their Common
Shares on a post-consolidation basis.


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
(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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