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Sandstorm Gold Ltd ()

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Institutional Investors' Holdings

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No.	Name	Shares	Value	% Port
1.	Orion Resource Partners (usa) Lp	47,971,172	$241,294,995	72.11%
2.	Capital International Investors	14,452,440	$72,695,773	0.01%
3.	Phoenix Holdings Ltd.	7,934,697	$44,825,049	0.74%
4.	Ontario Teachers Pension Plan Board	6,747,638	$33,940,619	0.33%
5.	British Columbia Investment Management Corp	3,694,880	$18,572,141	0.15%