Sandstorm Gold Royalties Completes Arrangement with Royal Gold, Becomes Subsidiary of Royal Gold Inc.

Sandstorm Gold Royalties has completed its plan of arrangement with Royal Gold, with shareholders receiving 0.0625 of a Royal Gold share for each Sandstorm share held. The Sandstorm Shares are expected to be delisted from the Toronto Stock Exchange and New York Stock Exchange within two to three business days, and the company will apply to cease to be a reporting issuer in applicable jurisdictions. Shareholders are advised to review the Management Information Circular for instructions on receiving the consideration for their Sandstorm Shares.