• Sandstorm Gold Ltd. (TSX: SSL) (NYSE: SAND) has agreed to acquire Nomad Royalty Company Ltd's (TSX: NSR) (NYSE: NSR) issued and outstanding shares in an all-share transaction valued at C$755 million.

• The consideration implies a value of ~C$11.57 per Nomad share based on the closing price of the Sandstorm shares on TSX on April 29, 2022, and represents a premium of 21% at the same date.

• Shareholders of Nomad will receive 1.21 common shares of Sandstorm for each share held.

• Nomad shareholders will hold 28% of Sandstorm at the transaction's closing. The transaction is expected to close in the second half of 2022.

• Sandstorm has also agreed to acquire nine royalties and one stream from BaseCore Metals LP for total consideration of C$525 million, consisting of C$425 million cash and C$100 million Sandstorm Shares.

• BaseCore is an entity equally owned by affiliates of Glencore Plc (OTC: GLNCY) and Ontario Teachers' Pension Plan.

• Price Action: SSL shares closed lower by 7.22% at C$8.87, and NSR higher by 6.88% at C$10.25 on TSX. SAND closed lower by 6.7% at $6.91 and NSR higher by 6.67% at $8.00 on NYSE on Monday.

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