Sandspring Resources Ltd. is engaged in the exploration and development of mineral properties in the Republic of Guyana, South America. The Company is currently advancing the multi-million ounce Toroparu Gold-Copper Deposit toward potential large-scale gold and copper production in 2015. The Toroparu Gold-Copper Deposit was discovered in 2007 on Sandspring’s 100% controlled Upper Puruni Property, a highly prospective area of contiguous mining claims located in the Upper Puruni River area of western Guyana. Sandspring continues to explore its properties for additional multi-million ounce gold deposits. Sandspring is led by a highly successful board of directors, experienced management team with more than a decade of mining experience in Guyana, and a world-class exploration team based in its capital city of Georgetown.

SSP: TSX-V

Stock Quote: VSE

Price 1.37

Change -0.13

Volume 873,956

% Change -8.67%

Intraday High 1.50

52 Week High 3.60

Intraday Low 1.34

52 Week Low 1.20

Today's Open 1.50

Previous Close 1.50

Jan 27, 2012 03:58 PM

SSPXF: US OTC

Stock Quote: OTC

Price 1.38

Change -0.09

Volume 170,400

% Change -6.12%

Intraday High 1.48

52 Week High 1.83

Intraday Low 1.35

52 Week Low 1.14

Today's Open 1.48

Previous Close 1.47

Jan 27, 2012 03:59 PM Pricing delayed 20 minutes

Gold
Change
Volume

Copper
Change
Volume

1,739.09 +19.29 +1.12% Volume: 0 January 27, 2012

Toroparu Preliminary Assessment
PEA Highlights
- • A 30,000 Tonne per day 13 year proposed open pit mining operation.
- • 275,000 oz. per year average gold production over 17 year mine life.
- • $854 Million Dollar Net Present Value (Discounted 5% and using Metals Prices of $3.13/lb. Cu $1137/oz. Au).
- • $442 Cost per gold oz. (net of copper
  credit).
- • 24.5% IRR.
- • Payback of Initial Capex: 3.2 Years.
- • Operating Cost $13.78 per tonne.
- • Power Cost $11.60/ kWh.
Exploration Potential
Exploration Highlights
- • Recent drill results highlighting in-pit grade, potential to add resource.
- • Geochem Sampling underway at Manx, Ameeba, Red Dragon Magnetic Anomaly
  and along Puruni Shear.
- • Exploration Headquarters in Georgetown, Guyana now Open.
- • ACME Labs on-site sample prep lab now operational.

Potentially Mineable Resources

Potentially Mineable Resources ¹	Tonnes (000's)	Au (g/t)	Cu (%)	AuEq (g/t)	Au oz (000's)	Cu lb (millions)	AuEq oz (000's)
Saprolite Measured & Indicated	2,688	0.90	0.06	1.00	78.0	3.3	86.4
Saprolite Inferred*	4,016	0.98	0.05	1.07	126.5	4.5	138.1
Fresh Rock Measured & Indicated	88,817	0.91	0.13	1.14	2,593.9	249.3	3,255.3
Fresh Rock Inferred*	44,733	0.80	0.09	0.95	1,146.3	84.1	1,366.3
Total Measured & Indicated	91,505	0.91	0.13	1.14	2,671.9	252.6	3,353.8
Total Inferred*	48,749	0.81	0.08	0.96	1,272.8	88.6	1,504.6

Potentially minable and optimized pit shell resources based on 127 deposit specific diamond drill holes (63,614 m) drilled from Dec 2006-Dec 2010 & pit optimization parameters effective on Feb 28, 2011 as further disclosed in the company’s Mar 21, 2011 press release.

Why Sandspring?
Why Follow Sandspring?
- • Rapidly Developing Guyana’s Largest Mineral Resource 8.4 MM oz. Gold, 550 MM lbs. of Copper Discovered to date.
- • Proposing Large-scale Production of 5.4 MM oz. AuEq. Resource at Toroparu.
  - • Environmental authorization pending
  - • Pre-feasibility study scheduled in Q1 2012
- • Potential to Expand current gold-copper resources at Toroparu.
- • Significant new discovery potential on 1,000 km2 land package.
  - • Proven minefinders leading exploration team
- • Highly Accomplished board and management with large
  ownership interest.
- • Operational capacity to support both exploration and development.
  - • Sufficient cash available for both exploration
    and mine development

Total Mineral Resources¹	Tonnes (000's)	Au (g/t)	Cu (%)	AuEq (g/t)	Au oz (000's)	Cu lb (millions)	AuEq oz (000's)
Measured	29,656	0.88	0.14	1.11	841.7	89.6	1,062.6
Indicated	122,213	0.68	0.09	0.84	2,671.9	240.0	3,286.5
Measured & Indicated	151,869	0.72	0.10	0.89	3,513.6	329.6	4,349.1
Inferred	214,838	0.71	0.05	0.80	4,928.7	235.6	5,534.6