Proxy Firms Endorse Shareholder Vote on Sandstorm and Royal Gold Arrangement

Encouraging Votes from Institutional Advisors: Sandstorm's Strategic Move with Royal Gold

In a recent announcement, Sandstorm Gold Ltd. (NYSE: SAND, TSX: SSL) has garnered positive endorsements from leading independent proxy advisory firms, notably Institutional Shareholder Services Inc. (ISS). These firms have recommended that shareholders of Sandstorm vote in favor of the proposed arrangement with Royal Gold Inc. This recommendation comes as Sandstorm prepares for its special meeting held on October 9, 2025, where shareholders are expected to discuss the arrangement that promises strategic benefits and premium value.

The essence of the agreement is straightforward: for every common share of Sandstorm they hold, shareholders will receive 0.0625 shares of Royal Gold's common stock. This exchange not only maintains ongoing equity interests in the combined operation but also represents a significant opportunity for added value for Sandstorm shareholders.

Nolan Watson, President and CEO of Sandstorm, expressed his satisfaction with the support from ISS and other advisory firms. "Receiving such a positive recommendation reaffirms our strategic rationale and highlights the benefits tied to the arrangement for our shareholders. We are committed to delivering tangible value through this initiative." The unanimous recommendation from Sandstorm's Board of Directors further consolidates the sentiment that this arrangement would favorably impact the company's future trajectory.

The upcoming special meeting is a pivotal moment for Sandstorm shareholders. They are urged to carefully review the management information circular (the Circular) that has been mailed to them, which outlines the details of the proposal. Voting by proxy is encouraged, and shareholders are reminded that the deadline to submit votes by proxy will be 8:00 AM Vancouver time on October 7, 2025. This deadline is crucial for ensuring that every vote counts in shaping the fate of Sandstorm's collaboration with Royal Gold.

Meeting Logistics

The special meeting will take place at 8:00 AM on October 9, 2025, at Sandstorm's headquarters located at Suite 3200, 733 Seymour Street, Vancouver, British Columbia. As part of the voting process, both registered and non-registered shareholders have been provided with instructions on how to cast their votes, whether it be through the internet, telephone, or mail. This accessibility aims to ensure a smooth voting experience for all involved.

Shareholders are reminded that those who need assistance or have questions regarding the meeting can contact the Company's proxy solicitation agent, Laurel Hill Advisory Group. The contact information is clearly outlined in the Circular, emphasizing Sandstorm's transparency and commitment to its stakeholders.

About Sandstorm Gold Royalties

Sandstorm Gold Ltd. is a well-established royalty company focusing on precious metals. It provides upfront financing to mining enterprises while securing a right to a percentage of production from mines across its portfolio. Currently, Sandstorm has around 230 royalties in place, with 40 of those mines already in production. This diversified approach allows Sandstorm to mitigate risks in the volatile mining landscape while supporting future growth.

As the October meeting approaches, the attention on Sandstorm and Royal Gold's proposed arrangement is growing. Shareholders are encouraged to stay informed, engaged, and actively participate in the decision that could shape the strategic future of Sandstorm Gold Ltd.