Sandspring Resources Announces Share Purchases by Frank Giustra

Sandspring Resources Ltd. has been advised that Fiore Financial Corporation,
a company owned and controlled by Mr. Frank Giustra, acquired 2,615,000
common shares from the exercise of share purchase warrants at an exercise
price of $0.15 per common share, and Mr.
Giustra has acquired 2,000,000 common shares of Sandspring in the public
market at an average price of $0.176 per common share. The acquisitions
represent 5.18% of the issued and outstanding common shares of the Company.
As a result of the acquisition of securities described above, Mr. Giustra
directly and indirectly owns or controls in aggregate 10,951,500 common
shares of Sandspring, representing 12.85% of the current issued and
outstanding common shares of the Company.

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