Sandspring Resources Ltd. has released its audited consolidated financial statements for its fiscal year ended December 31, 2015. The financial statements and Management's Discussion and Analysis are available for download on the Company's website at www.sandspringresources.com and on SEDAR at www.sedar.com.

Sandspring also announces that the private placement announced on April 19, 2016 was oversubscribed and has been fully allocated, resulting in gross proceeds of $6.5 million.