Enter into Royalty Agreements
TSODILO RESOURCES LIMITED
AND
SANDSTORM GOLD LTD
ENTER INTO ROYALTY AGREEMENTS
FOR IMMEDIATE RELEASE September 26, 2017
TORONTO, ONTARIO - Tsodilo Resources Limited (“Tsodilo” or the “Company”) (TSX-Venture Exchange:
TSD) is pleased to announce that it has reached an agreement with Sandstorm Gold Ltd. (“Sandstorm”) ( NYSE
MKT: SAND, TSX: SSL) to grant royalties on three projects in consideration of the payment of $1,500,000 USD.
The package of assets in the Royalty Sale includes:
the grant of a 1% NSR on the Company’s wholly owned Botswana subsidiary Gcwihaba Resources (Pty)
Ltd. prospecting metal licenses in northwest Botswana;
the grant of a 1% GPR on the Company’s Botswana wholly owned subsidiary Bosoto (Pty) Ltd. precious
stone prospecting license (PL217/2016) located in the Orapa Kimberlite Field; and,
the grant of a 1% NSR on the Company’s 70% owned South African subsidiary Idada 361 (Pty) Ltd.
gold and silver prospecting license located in the Barberton Greenstone Belt in the Mpumalanga
province of South Africa.
Sandstorm shall have a right of first refusal with respect to any third-party bona fide offers to purchase a metal or
precious stone royalty on the properties.
Proceeds from the Royalty Sale will be used for exploration and general corporate purposes.
James M. Bruchs, Chairman and CEO of Tsodilo commented: “We are extremely pleased to have signed these
agreements with Sandstorm. The agreements represent and at tractive source of funding for Tsodilo allowing us
to fund our exploration activities while still giving Tsodilo shareholders full upside exposure to our projects.”
About Sandstrom Gold Ltd: Sandstorm Gold Ltd. is a gold royalty company. Sandstorm provides upfront financing
to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold
produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 16 3 streams and royalties, of
which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production
profile through the acquisition of additional gold royalties.
For more information visit: www.sandstormgold.com
About Tsodilo Resources Limited: Tsodilo Resources Limited is an international diamond and metals
exploration company engaged in the search for economic diamond and metal deposits at its Bosoto (Pty) Limited
(“Bosoto”) and Gcwihaba Resources (Pty) Limited ("Gcwihaba") projects in Botswana a nd its Idada 361 (Pty)
Limited (“Idada”) project in Barberton, South Africa. The Company has a 100% stake in Bosoto (Pty) Ltd. which
holds the BK16 kimberlite project (PL369/2014) in the Orapa Kimberlite Field in Botswana as well as precious
stone (diamond) exploration license PL217/2016 in the same vicinity . The Company has a 100% stake in its
Gcwihaba project area consisting of twenty -one (21) metal (base, precious, platinum group, and rare earth)
prospecting licenses all located in the North-West district of Botswana. Additionally, Tsodilo has a 70% stake in
Idada Trading 361 (Pty) Limited which holds the gold and silver exploration license in the Barberton area of South
Africa. Tsodilo manages the exploration of the Gcwihaba, Bosoto and Idada pro jects. Overall supervision of the
Company's exploration program is the responsibility of Dr. Mike de Wit, President and COO of the Company and
a "qualified person" as such term is defined in National Instrument 43-101.
The Company has offices in Toronto, Canada and Gaborone, Maun and Letlhakane, Botswana. Please visit the
Company's website, www.TsodiloResources.com, for additional information and background on our projects.
This press release may contain forward-looking statements. All statements, other than statements of historical
fact, that address activities, events or developments that the Company believes, expects or anticipates will or may
occur in the future (including, without limitation, statemen ts pertaining to the use of proceeds, the impact of
strategic partnerships and statements that describe the Company’s future plans, objectives or goals) are forward-
looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company
based on information currently available to the Company. Forward -looking statements are subject to a number
of risks and uncertainties that may cause the actual results of the Company to differ materially from those
discussed in the forward-looking statements, and even if such actual results are realized or substantially realized,
there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors
that could cause actual results or events to di ffer materially from current expectations include, among other
things, changes in equity markets, changes in general economic conditions, political developments in Botswana
and surrounding countries, changes to regulations affecting the Company's activities, uncertainties relating to
the availability and costs of financing needed in the future, exploration and development risks, the uncertainties
involved in interpreting exploration results and the other risks involved in the mineral exploration business. Any
forward-looking statement speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any forward -looking
statement, whether as a result of new i nformation, future events or results or otherwise. Although the Company
believes that the assumptions inherent in the forward - looking statements are reasonable, forward -looking
statements are not guarantees of future performance and accordingly undue reli ance should not be put on such
statements due to the inherent uncertainty therein.
Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. This news release
may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-
looking statements involve inherent risks and uncertainties and are subject to factors, man y of which are beyond
the Company's control, which may cause actual results or performance to differ materially from those currently
anticipated in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
James M. Bruchs
Dr. Mike de Wit
Chairman and Chief Executive Officer
President and Chief Operating Officer
Head Office
Website
Telephone +1 416 572 2033
http://www.TsodiloResources.com
Facsimile + 1 416 987 4369