Mr. Nolan Watson reports

SANDSTORM GOLD ROYALTIES ANNOUNCES VOTING RESULTS FROM 2025 ANNUAL SHAREHOLDER MEETING

Sandstorm Gold Ltd. has provided the voting results from the company's annual general and special meeting of shareholders. The meeting was held today, May 30, 2025, in Vancouver, B.C., at which 70 per cent of the issued common shares, as of the record date for the meeting, were represented. Shareholders voted in favour of all resolutions presented, including the re-election of all director nominees, namely Nolan Watson, David Awram, David E. De Witt, Andrew T. Swarthout, John P.A. Budreski, Mary L. Little, Vera Kobalia and Elif Levesque. Detailed results of the vote for directors are set out in the attached table.

Detailed voting results for all matters considered at the meeting will be available on SEDAR+ and on EDGAR.

About Sandstorm Gold Ltd.

Sandstorm is a precious-metal-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 230 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.