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Sandstorm to Proceed with 2-for-1 Share Subdivision

Vancouver, British Columbia | March 31, 2008

Vancouver, B.C., March 31, 2008 -- Sandstorm Resources Ltd. (TSXV: SSL.P) ("Sandstorm" or the "Company") is pleased to announce that, further to the Company's news release dated January 23, 2008, the Company is proceeding to complete the subdivision of its outstanding common shares on the basis of two (2) new shares for every one (1) old share. The subdivision is being effected in anticipation of the Company's "Qualifying Transaction" first announced on January 23, 2008. The Company received shareholder approval of the subdivision by written consents received from shareholders' representing 54% of Sandstorm's currently issued and outstanding shares. The Company has also received requisite approval from the TSX Venture Exchange to complete the subdivision. The directors of the Company have set a record date of April 4, 2008 for the subdivision. Within five business days following the record date, the Company's registrar and transfer agent will mail to the shareholders of record share certificates representing the additional shares they are entitled to as a result of the subdivision. The following table sets forth the effect that the subdivision will have on the Company's outstanding securities as of the date hereof:

Before the Subdivision
(Number and type of outstanding security)
After the Subdivision
(Number and type of outstanding security)
2,221,000 common shares
4,442,000 common shares
50,000 incentive stock options exercisable to purchase 50,000 common shares at an exercise price of $0.20 per share
100,000 incentive stock options exercisable to purchase 100,000 common shares at an exercise price of $0.10 per share
99,000 broker warrants exercisable to purchase 99,000 common shares at an exercise price of $0.20 per share
198,000 broker warrants exercisable to purchase 198,000 common shares at an exercise price of $0.10 per share

The Company will not be changing its name in conjunction with the subdivision.

ON BEHALF OF SANDSTORM RESOURCES LTD.

"Dean Fenwick"


Dean Fenwick
Chief Executive Officer and Director

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information contact: Patrick De Witt
Suite 1050, 625 Howe Street
Vancouver, BC
Tel: (604) 628 1110
Fax: (604) 688 0094

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604.689.0234
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604.689.7317

info@sandstormLTD.com
www.sandstormLTD.com

Investor Relations

Denver Harris

604.628.1178
1.866.584.0234 ext. 254

dharris@sandstormLTD.com
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