Sandstorm Metals & Energy Provides Development Update on Serra Pelada

In connection with the press release issued by Colossus Minerals Inc. (“Colossus”) on July 15, 2013 related to development at its Serra Pelada mine, Sandstorm Metals & Energy Ltd. (“Sandstorm Metals” or the “Company”) has provided an update for its shareholders.

Colossus has encountered challenges with dewatering wells and pumps in the Central Mineralized Zone at Serra Pelada which requires additional dewatering capacity and has delayed gold production. Colossus is continuing its decline development to have multiple horizons ready for mining in 2014 and has made progress in the construction of its process plant.

The delay in gold production at Serra Pelada is not currently anticipated to affect the development timeline for the platinum/palladium flotation circuit, which is expected to be processing material in late 2014. Sandstorm Metals has a palladium stream agreement with Colossus to purchase 35% of the palladium produced from Serra Pelada at a per ounce price of US$100.

ABOUT SANDSTORM METALS & ENERGY

Sandstorm Metals & Energy Ltd. is the world’s first diversified streaming company. Sandstorm provides upfront financing to resource companies that are looking for capital and in return, receives a commodity streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the commodity produced, for the life of the asset, at a fixed price. Sandstorm has acquired a portfolio of four commodity streams in copper, palladium and natural gas. Sandstorm plans to grow its production base through the acquisition of additional commodity streams.

Sandstorm Metals & Energy is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed royalty and commodity purchase agreements with Canadian Zinc Corp., Colossus Minerals Inc., Donner Metals Ltd., Entrée Gold Inc. and Thunderbird Energy Corp.