VANCOUVER, Sept. 30, 2013 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT:SAND, TSX:SSL) is pleased to announce that at the special meeting of Premier Royalty Inc. ("Premier Royalty") shareholders held today, the shareholders voted overwhelming in favour of the previously announced arrangement agreement whereby Sandstorm will acquire all of the outstanding common shares of Premier Royalty (the "Arrangement Agreement"). The resolution approving the Arrangement Agreement was approved by 99.95% of the votes cast by Premier Royalty shareholders present in person or represented by proxy.

Sandstorm's President & CEO Nolan Watson commented, "Upon closing the Premier Acquisition, Sandstorm adds a number of quality royalty assets to the portfolio along with over $30 million in cash, putting us in an excellent position to continue our growth."

The Arrangement Agreement remains subject to, among other things, the final approval of the Ontario Superior Court of Justice. The hearing for the final court order to approve the Arrangement Agreement is scheduled to take place on October 3, 2013, with the effective date of the Arrangement Agreement expected to occur on or about October 4, 2013.

ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing for gold mining companies that are looking for capital and in return receives a gold streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the life of mine gold produced, at a fixed price. Sandstorm is a non-operating gold mining company with a portfolio of nine gold streams, six of which are producing gold, and six net smelter return royalties. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.

Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase or royalty agreements with Brigus Gold Corp., Canadian Zinc Corp., Colossus Minerals Inc., Columbus Gold Corp., Entrée Gold Inc., Glencore Xstrata plc, Luna Gold Corp., Magellan Minerals Ltd., Metanor Resources Inc., Mutiny Gold Ltd., Santa Fe Gold Corp., SilverCrest Mines Inc., Rambler Metals and Mining plc and Solitario Exploration & Royalty Corp.

For more information visit: www.sandstormgold.com.