February 6, 2009 | Vancouver, BC
Sandstorm Amends Elsiar Option Agreement
Sandstorm Resources Ltd. (TSXV:SSL) would like to announce that it has amended its Option Agreement on the Elsiar Property located in northern British Columbia. The original Option Agreement with the owners of the property, Eagle Plains Resources Ltd. ("Eagle Plains") (TSXV: EPL) was announced in a news release dated January 23, 2008.
In the amended Option Agreement, expenditure requirements will remain the same, however a portion of the funding for the 2009 work program will be delayed until year four. Cash payments to Eagle Plains remain unchanged, but an additional 50,000 shares will be issues to Eagle Plains on the third anniversary of the Option Agreement.
ON BEHALF OF SANDSTORM RESOURCES LTD.
President and Chief Executive Officer
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information contact:
Suite 1050, 625 Howe Street
Vancouver, BC V6C 2T6
Tel: (604) 628-1165 Fax: (604) 688-0094