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Sandstorm Gold Acquires NSR Royalty From Solitario And Ely Gold For US$10.0 Million

Mineral Reserve Statement, Centennial Gold-Silver Deposit





    Gold Grade     Silver Grade*    

ContainedGold (oz)


ContainedSilver (oz)

        Oz/Ton     g/Tonne     Oz/Ton     g/Tonne        
Proven     0.923     0.032     1.10     0.155     5.31     29,300     142,700
Probable     21.604     0.021     0.72     0.134     4.59     457,800     2,884,300
Prov.+Prob.     22.527     0.022     0.75     0.136     4.66     487,100     3,028,200

Reported silver grade is cyanide soluble.

Mineral Resource* Statement, Centennial Gold-Silver Deposit












ContainedSilver (oz)

Measured     918     0.032     29,524     0.155     142,152
Indicated     22,732     0.022     497,330     0.132     3,010,471
Measured and Indicated     23,650     0.022     526,854     0.133     3,152,624
Inferred     3,454     0.018     60,859     0.079     273,457

*Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

Walter Hunt, Chief Operating Officer of Solitario, B.Sc.-Geology, M.S. Geologic Engineering, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.

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