Mr. Mark Klausen reports

SANDSTORM GOLD ROYALTIES DECLARES QUARTERLY DIVIDEND

Sandstorm Gold Ltd.'s board of directors has declared the company's second quarterly cash dividend for 2024 in the amount of two cents per common share to shareholders of record as of the close of business on April 16, 2024. The dividend will be paid on April 26, 2024. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada).

The declaration, timing, amount, and payment of future dividends will be subject to the discretion and approval of the Board of Directors. The Company will review the dividend program on an ongoing basis and may amend it at any time depending on the Company's then current financial position, capital allocation framework, profitability, cash flow, debt covenant compliance, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.

Sandstorm filed its Form 40-F for the year ended December 31, 2023 with the Securities and Exchange Commission and it is available on EDGAR at www.sec.gov/edgar.shtml. The Company's 2023 Audited Financial Statements, along with its Form 40-F, are both available on the Company's website at www.sandstormgold.com.

Shareholders may also receive copies of these documents, without charge, upon request to Sandstorm's Investor Relations Department, Suite 3200, 733 Seymour St, Vancouver, British Columbia, V6B 0S6 Canada or to info@sandstormgold.com. CONTACT INFORMATION

For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at info@sandstormgold.com. NOLAN WATSON MARK KLAUSEN PRESIDENT & CEO CORPORATE COMMUNICATIONS 604 689 0234 604 628 1164

ABOUT SANDSTORM GOLD ROYALTIES

Sandstorm is a precious metals-focused royalty company that provides upfront financing to mining companies and receives the right to a percentage of production from a mine, for the life of the mine. Sandstorm holds a portfolio of approximately 240 royalties, of which 40 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com.

We seek Safe Harbor.