Partnering to Build Regional Infrastructure

Press Releases

May 31, 2012

Sandspring Resources Ltd. confirms discovery of satellite gold deposit 1.2 km southeast of the current six million ounce M&I gold resource at Toroparu.

May 31, 2012 -- SANDSPRING RESOURCES LTD. (SSP: TSX-V) ("Sandspring" or the "Company") is pleased to announce the discovery of a new gold mineralized body, called the SE zone, which is situated 1.2 km southeast of the eastern edge of its Toroparu Gold Deposit located in the Republic of Guyana (see Figure 1). The most recent mineral resource estimate for the Toroparu Gold Deposit contains 240.89 million tonnes @ 0.78 g/t Au for 6,034,000 ounces in the Measured and Indicated categories and 179.18 million tonnes @ 0.69 g/t Au in the Inferred category contained within an optimized pit at a cutoff grade of 0.28 g/t Au (see the Sandspring press release dated January 30, 2012).