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April 2011
SSP: TSX-VSSPXF: OTC (US)SRX: MU, BE, F (Germany) (WKN A0YF1M)
Toroparu Gold‐Copper ProjectCuyuni ‐Mazaruni Region
Western Guyana
222
Forward - Looking Statements
Cautionary Note Regarding Forward-Looking Information: Except for statements of historical fact relating to Sandspring Resources Ltd.,(the “Company” or “Sandspring”), certain information contained in this presentation constitutes “forward-looking information” underCanadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the potential of theCompany’s properties; the future price of gold; success of exploration activities; costs and timing of future exploration and development; theestimation of mineral resources; conclusions of economic evaluations; requirements for additional capital; and other statements relating tothe financial and business prospects of the Company. Generally, forward-looking information can be identified by the use of forward-lookingterminology such as “plans,” “expects,” or “does not expect,” “is expected”, “budget,” “scheduled,” “estimates,” “forecasts,” “intends,”“anticipates,” or “does not anticipate,” “believes,” or variations of such words and phrases. Forward-looking information is based on thereasonable assumptions, estimates, analysis and opinions of the management of the Company made in light of its experience and itsperception of trends, current conditions and expected developments, as well as other factors that the management of the Company believesto be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is inherentlysubject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance orachievements of the Company to be materially different from those expressed or implied by such forward-looking information, including butnot limited to risks related to: the Company’s goal of creating shareholder value by concentrating on the development of the Toroparu Gold-Copper Project, believing that it has the potential to contain economic gold deposits; the Company’s assessment of future plans for theUpper Puruni property; managements’ economic outlook regarding future trends; the Company’s exploration budget for the Upper Puruniproperty, and in particular, the availability of skilled labour, timing and the amount of the expected budget; the Company’s ability to meet itsworking capital needs at the current level in the short term; expectations with respect to raising capital; sensitivity analysis on financialinstruments may vary from the amounts disclosed; and government regulation and environmental liability, as well as those risk factorsdiscussed or referred to in the Company’s continuous disclosure filings with the securities regulatory authorities in Canada available atwww.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially fromthose contained in forward-looking information, other factors could also cause materially different results. There can be no assurance thatforward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated insuch statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking informationcontained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operationalperformance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake toupdate any forward-looking information, except in accordance with applicable securities laws.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This annual informationform uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms arerecognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them.“Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. Itcannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules,estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors arecautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves.United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically orlegally mineable.
333
Upper Puruni Concession & Toroparu Au-Cu ProjectCuyuni‐Mazaruni Region, Republic of Guyana
Republic of Guyana ‐ British Commonwealth Country w/ established mining lawsSandspring principals have an 11‐year operating history in Guyana through it’s subsidiary ETK Inc.1
1,000 km2 Upper Puruni Concession
0 250km
N
3
Investment Highlights
ETK controls (100%) the 1,000 sq. kmUpper Puruni Concession (UPC) located in Cuyuni‐Mazaruni Regionof Western Guyana
Exploration in prolific greenstone belts of Eastern Venezuela & Western Guyana (Pastora‐Batanamo & Barama‐Mazaruni)4.34 M oz AuEq Measured & Indicated Resource & 5.53 M oz AuEqInferred Resource defined at Toroparu2
Positive preliminary economic assessment of Toroparu Resource indicating US$854 M NPV 5% & 24.5% IRR reported March 22, 20113
Extensive regional exploration program of UPC under noted West‐African greenstone geologist Werner Claessens ‐March 2011Permitting in process with environmental authorization under final review by Guyana EPA108 M shares issued (35% closely held), $39 M cash on hand$335 Mmarket cap at recent $3.10/share ($1.09‐$3‐75 trading range)
1 ETK Inc. acquired by Sandspring Resources Inc. through a reverse takeover in Nov 2009. 2 Measured & Indicated mineral resource of 3,513.6 M oz. Au & 329.6 M lbs. Cu (4,349.1 M ozs AuEq) & Inferred mineral resource of 4,928.7 M oz. Au & 235.6 M lbs. Cu (5,534.6 M oz. AuEq) reported in March 21, 2011 press release (Technical Report posting on www.sedar.com prior to May 6, 2011).
3 The preliminary economic assessment (the results of which were announced in March 22, 2011 press release) is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.
444
Established Mining and Exploration InfrastructureWell Equipped for Regional Exploration
ETK Inc. established as Guyana exploration company by John Adams & Rich Munson (Energy Fuels Nuclear) in 2000
240 km road from Essequibo River landing (Itaballi) completed in 2003
100‐person camp and airstrip completed in 2004
3,000 t/d saprolite mine operated in 2005/2006 (16,800 ozs Au produced)
Insider group investment +$20M prior to acquisition by Sandspring Nov 2009
ETK Inc.Toroparu Camp
1. 100‐person camp 2. 2500’ Airstrip .3. Historical saprolite pit (2004‐2006) 4. Historical alluvial/saprolite tailings.
N0 100m
4
3
1
24
Four rigs on‐site drilling 10,000 metres per month
14 unit excavation and construction fleet supporting drilling and regional exploration campaigns
Established fuel and goods supply route from Georgetown via Puruni Road to Toroparu
Tidewater access at Itaballi to Guyana and abroad
Daily air service to Toroparu available from Ogle Airport, Georgetown
Establishment of on‐site sample preparation facility by AcmeLabs
55
Resource Growth through ExplorationSandpring Well Equipped for Regional Exploration
6
Toroparu - Expanding Gold Copper ResourceResource contained in optimized pit at 0.24 g/t AuEq grade cut off
6
Notes and DisclaimerMineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected byenvironmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues and are subject to the findings of a full feasibility study. The quantity andgrade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicatedor Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category. The mineralresources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelinesprepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005.
Prices (2 yr. trailing avg.)Au: $1,137/ozCu: $3.13/lbAuEq: % Cu = 1.62 g/t Au
Recoveries and PayablesAu : 93% x 95%Cu: 80% x 96%Cu con T/C, R/C: $75 & $0.075Cu con transport $133/wmt
Mining costs $1.28 /t fresh bedrock$0.87/t weathered saprolite
Processing and G&A$8.16/t milled
Pit slopes 49o Fresh Rock & 38° SAP
Optimization Assumptions
1 Optimized pit shell resources based on 127 deposit specific diamond drill holes (63,385 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.
ClassificationTonnes(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
3.5 M oz. Au & 330 M lb. Cu Measured & Indicated and 4.9 M oz. Au & 236 M lb. Cu Inferred Resources located in Optimized Pit Shell1
From (g/t Au) To (g/t Au) Ind
7
Toroparu – Positive Preliminary Economic AssessmentPotentially Mineable Portion of Mineral Resource at 0.5 g/t AuEq grade cut off
7
1) Preliminary economic results based on prices and optimization parameters effective on Feb 28, 2011 disclosed in the company’s Mar 22, 2011 press release * see Notes & Disclaimer for inferred Mineral Resources on Page 6.
2) Elevated 0.5 g/t AuEq cut-off strategy results in a 6.6 M tonnes weathered saprolite mining operation over 7 years, 140.25 M tonnes fresh bedrock open pit mining operation over 13 years, and 39 M tonnes low grade stockpile (avg. 0.31 g/t Au and 0.06% Cu) reclaimed and processed in years 14-17, after open pit operations cease, resulting in a 17-year life of mine.
3) The estimated tonnes and grade shown above are based on a 0.5 g/t Au equivalent mineable resource, 7% mine dilution at a diluting grade of 0.20 g/t Au and 0.03% Cu, with 2.5% mining losses. The metal prices used in this estimate were a February 28, 2011 two-year trailing average as follows: Au US$1,137/oz, Cu $3.13/lb, Au : Cu ratio using 93% Au recovery and 80% Cu recovery was 1.62 Cu to Au. Mining costs were $1.28 per tonne of Fresh rock and $0.87 per tonne of Saprolite. Processing and G&A costs were $8.16/tonne. Pit optimization slopes were 49 degrees in Fresh Rock and 38 degrees in Saprolite as disclosed in the company’s March 22, 2011 press release
Preliminary Economic Results1
3.35 M oz. AuEq M&I and 1.5 M oz. AuEq Inferred potentially mineable resource defined$1.565 billion pre‐tax net cash flow over 17‐yr life of mine, $854 M NPV at 5% discount rate and 24.5% IRR3.2 year payback of $617 M pre‐production CapEx & $19 M annual sustaining capital avg. over 17‐yr life of mine33,000 tonnes milled / day (3,000 tpd weathered saprolite for ~ 7 years + 30,000 tpd Fresh Bedrock for ~ 17 years) 310,000 ozs Au & 29 M lbs. Cu avg. annual production during payback & 273,000 ozs Au and 20 M lbs. Cu avg. over 13‐yr open pit mining operation2
$317/oz Au cash operating costs (net of Cu credit) during payback and $442/oz Au averaged over 17 year life of mine
Potentially Mineable Resources1 Tonnes (000’s)
Au g/t
Cu %
AuEqg/t
Au oz(000’s)
Cu lb(millions)
AuEq oz(000’s)
Saprolite Measured & Indicated 2,688 0.90 0.06 1.00 78.0 3.3 86.4Saprolite Inferred* 4,016 0.98 0.05 1.07 126.5 4.5 138.1
Fresh Rock Measured & Indicated 88,817 0.91 0.13 1.14 2,593.9 249.3 3,255.3Fresh Rock Inferred* 44,733 0.80 0.09 0.95 1,146.3 84.1 1,366.3
Total Measured & Indicated 91,505 0.91 0.13 1.14 2,671.9 252.6 3,353.8Total Inferred* 48,749 0.81 0.08 0.96 1,272.8 88.6 1,504.6
Phase 1 Year 1‐4
Phase 2 Year 2‐11
17 Year Three Phase Mine PlanPhase 3 Year 6‐13
888
Toroparu – Preliminary Economic AssessmentPEA Results and Sensitivities1
Economic Parameter Units PEA Base Assumptions1 IntermediateSensitivity
Current PriceSensitivity3
Metal Prices Au ($/oz) 1,1372 1,187 (+50) 1,373 (+236)
Cu ($/Lb) 3.132 3.38 (+0.25) 4.47 (+1.34)
Fuel PricesHFO ($/bbl) 702 85 (+15) 100 (+30)
Diesel($/Lt)4 1.064 1.064 1.064
Pre-Production Capex ($) 617 M 679 M5 679 M5
Power Cost HFO ($/kWh) 0.116 0.137 0.159
Operating Cost ($/t milled) 13.78 14.23 14.71
Cash cost ($/Au oz) 442 463 486
NPV6 ($)
0% 1,565 M 1,608 M 2,209 M
5% (base case) 854 M 867 M 1,259 M
7% 667 M 674 M 1,009 M
10% 456 M 454 M 723 M
IRR6 % 24.5 23.3 30.3
Payback period Years 3.2 3.4 2.8
1 Derived on 17‐year life of mine (13‐year open pit + 4‐year stockpile processing).2 PEA base assumption metal and HFO prices based on 24‐month trailing avg. prices to February 28th 2011.3 Average prices for Feb 2011.4 Recent diesel price delivered to Toroparu site.5 Sensitivities include overall 16% increase in capital expenditures. ($617.1M ‐ $32 M = $585.1M x 1.1 6 = $679 M).6 NPV and IRR are pre‐tax and royalty.
Toroparu Project Development TimelineEstimated Development Timeline*
In‐fill resource drilling and optimization of current resource for feasibility (Q1‐Q4 2011)
Step‐out drilling along mineralized trend testing geochemical and geophysical targets in areas of historical alluvial mining for possible extensions or satellite deposits (Q1‐Q4 2011)
Completion of NI 43‐101 compliant Preliminary Economic Assessment technical report (May 6 2011)
Receipt of environmental permit authorization from Guyana EPA (Q2 2011)
Initiation of NI 43‐101 compliant Feasibility Study (Q1 2012)
Completion of Feasibility & Large‐Scale Mining Permit (Q4 2012)
Initiation of Construction Financing (Q1 2013)
Initiation of Construction (Q2 2013)
Open pit bedrock production under Large‐scale Mining Permit (Q1 2015)
* All dates are internal estimates
9
101010
Regional Exploration Potential Guiana Shield Greenstone Belts Host Large Au‐Cu Deposits
Two sub‐parallel granite‐greenstone belts extending 2000km along the Atlantic Coast of the Guiana Shield were evolved during the Paleoproterozoic from 2.25 – 2.00 Ga. Rocks of the greenstone‐granite terranes of the prolific Pastora‐Batanamo belt in Venezuela are continuous with those identified in Guyana
Pastora–Batanamo, VenezuelaChoco/ Incredible (10 M ozs)Las Cristinas/Brisas (32 M ozs)
Barama‐Mazaruni, GuyanaAurora –Sulphur Rose (7 M ozs) Toroparu (8 M ozs)Omai (4 M ozs)
Armina‐Rosebel, SurinameGros Rosebel ( 14 M ozs)Nassau (3 M ozs)
Paramaka‐Bonidor, French GuianaYaou‐Dorlin (1 M ozs)Camp Caiman (3 M ozs)
Sera Lombarda‐Vila Nova, BrazilSalamangoneAmapari* Gold resources shown are for global order-of-magnitude comparison purposes only and do not represent NI 43-101 classification categories.
Guiana Shield Greenstone Hosted Au Deposits*
Dardenne & Shobbenhaus, 2001
Toroparu
Aurora – Sulphur RoseChoco/Incredible
Las Cristinas/Brisas
Omai
Gros Rosebel
Nassau
Yaou
Dorlin
Camp Caiman
SalamangoneAmapari
SurinameVenezuela
BrazilGuiana Shield Paleoproterozoic
Greenstone Belts
KM88MININGDISTRICT
KM88MININGDISTRICT
UPPERPURUNICONCESSIONSUPPERPURUNICONCESSIONS
111111
Guiana Shield Greenstone BeltsStructural Relationship to Precambrian Roraima Sedimentary Basin
Large gold deposits in thegranite‐greenstone terranesof Venezuela & Guyana arespatially related to regionalfaults in the vicinity of theRoraima Basin
KM 88 mining district is 100air km SW of Toroparu
“Toroparu… host rocklithologies closely resemblethose at the Brisas del Cuyuniconcession, a part of theKilometre 88 District”
11
RoraimaBasin
Sandpring Exploration PotentialJERS Satellite Image: Sketch of Main Litho‐structural Linéaments
Upper Puruni explorationareas are marked by conjugate sets of Fault / Shear zones
NW‐SE trending fault shears(e.g. Puruni River) areparallel to greenstone beltorientations
N‐NW trending conjugatefaults include
Regional PutarengFault/ShearWynamu Fault/Shear
2011 Regional exploration program to focus on exploration of fault/shear zones within property boundary
Wynamu NNW Fault/Shear
Puruni WNW Fault/Shear
Toroparu Au-Cu Resource
Putareng Fault/ShearNNW trending System
Fault/Shear Zones
Upper Puruni Concession Boundary
12
131313
Sandspring Exploration Potential2008 Airborne Magnetic and Multi‐Channel Radiometrics Survey
0 10km
N
Roraima basin bounding faults in
granitoids
13
WNW Regional Puruni River Fault/Shear Zone
NNW Regional PutarengRiver Fault
NNW Wynamu River Fault / Shear Zone
2008 Airborne Magnetic and Total Count K, U, Th radiometric survey indicates Iron enrichment along major features defined on satellite imagery
Toroparu Gold‐Copper Resource occurs in area of low magnetic relief between WNW Puruni River and NNW Wynamu Fault/Shear zones
Faulting and folding of Fe‐enriched granitic intrusions and diverse regional mineral associations (FeO, Cu, Au, U) indicate potential for IOCG type deposits
Regional Exploration program commenced in March 2011 includes geochemical sampling, geologic mapping and ground geophysics of prospective geologic features
Toroparu Gold-CopperResource Area
KeyAlluvial Gold Workings
Alluvial Diamonds
Fault shear direction
Airborne Geophysics Airborne Reduced to Pole Residual Magnetic Intensity
Toroparu Resource Expansion PotentialGranite – Greenstone Volcanic Hosted Gold Mineralization
14
Surface Gradient Induced Polarization (IP) Survey
Economic Gold & Copper mineralization has been defined over 1600 m strike length in WNW trending, sub‐vertically dipping vein sets
Mineralization occurs along the flanks of porphyritic granitoidpluton hosted by a sequence of alternating intermediate volcanics, pyroclastics, and sediments
Gold is associated with sulphide minerals disseminated in the volcano‐sedimentary sequence and in silica‐carbonate alteration fracture fills
Gold‐Copper mineralization is marked by a Au‐Cu‐Mo associations
Sulphide mineralogy includes Pyrite, Chalcopyrite, Molybdenite, Bornite, and Chalcocite
Porphyritic granitic pluton ‐ ‐ ‐
Mineralization
15
Toroparu Resource Expansion PotentialHypothesized “Shear Hosted” Deposit Model
E‐W trends in the intensity of gold and sulphide mineralization are visible within the drilling results (Red‐Yellow colors in figure)
Sinistral (left‐handed) displacement is hypothesized at present
Suggested potential for series of en‐echelon EW‐trending extensional features
~ 60% of higher grade mineralization is contained within these areas
Evidence for N and S bounding faults along strike is modeled in several drill holes
Hypothesized Shear Model on Toroparu Drill Intercepts
0 2 km
ToroparuAdditional drilling alongstrike in SE directionComplete surface geochem survey grids W and N of Toroparudeposit
Ameeba and Manx ProspectsComplete surface geochemical surveysGenerate initial drill targetsDrill reconnaissance fences and evaluate
Ameeba Hills
Manx
Toroparu Area – Regional Exploration ProgramObjective to explore for satellite deposits (March – September 2011)
16
SE Extension
Puruni River Fault/Shear ZoneCombined geological mapping and soil/saprolite sampling of 1000 x 100 m gridsSoil/Saprolite sampling at 250 m spacingBush track & road‐side sampling
Foliated Granitic Intrusive & Northeast Concession Exploration
Investigate anomolus magneticand radiometric features
Organise reconassaince field trips (blue lines) for mapping and sampling of soil, saprolite, and rock outcrops throug
Apex of regional fold in granatiods
Putareng iron ore formation and surrounding areaAlong fault/shear corridors in Northeastern concession area
Upper Puruni Concession – Regional Exploration ProgramUpper Puruni Exploration Program (March 2011‐ September 2011)
0 5 10 km
Puruni River Fault/Shear Exploration Grid
17
Foliated Granite Intrusive Exploration Area
TPD001
188. 5 m
TPD002
329. 5 m
TPD003
275 m
TPD004
380. 4 m
TPD005
350 m
TPD006
302 m
TPD007
350 mTPD008
251 m
TPD009
245 m
TPD010
188 m
TPD011
296 m
TPD012
203 m
TPD013
121. 8 m
TPD014
60 mTPD014A
425 m
TPD015
389 m
TPD016
413 m
TPD017
416. 3 m
TPD018
401 m
TPD019
419 m
TPD020
413. 5 m
TPD021
401 m
TPD022
410 m
TPD023
414 m
TPD024
397. 5 m
TPD025
401 m
TPD026
425 m
TPD027
431 m TPD028
401 m
TPD029
521 mTPD030
564 m
TPD031
816 m
TPD031A74 m
TPD032
642. 7 m
TPD033
200 m
TPD034
251 m
TPD035
566 m
TPD036
447 m
TPD037
575 m
TPD038
495 m
TPD039
405 m
TPD040
406 m
TPD041
531 m
TPD042
465 m
TPD043
297 mTPD
387 m
TPD045
318 m
TPD046
501 m
TPD047
549 m
TPD048
488 m
TPD049
582 m
TPD050
572 m
TPD051
615 m
TPD052
498 m
TPD053
5 44 m
TPD054
615 m
TPD055
565. 5 m
TPD056
524 m
TPD057
543 mTPD058
567 m
TPD059
333 m
TPD060
512 m
TPD061
656 m
TPD062
467 m
TPD063
458 m
TPD064
448 m
TPD065
464 m
TPD066
537 m
TPD067
564 m
TPD068
553 m
TPD069
592 m
TPD070
400 m
TPD071
509 m
TPD072
508 m
TPD073
666 m
TPD074
389 m
TPD075
552 m
TP D07 6
6 12 m
TPD077
658 m
TPD078
513 m
TPD079
618 m
TPD080
684 m
TPD081
621 m
TPD082
602 m
TPD083
636 m
TPD084
521 m
TPD085
481 m
TPD086
571 m TPD087
552 m TPD088
761 m
TPD089
596 m
TPD090
633 m
TPD091
780 mTPD092
542 m
TPD093
729. 3 m
TPD094
597 m
TPD095
764 m
TPD096
718 m
TPD097
711 m
TPD098
699. 6 m
TPD099
606 m
TPD100
740 mTPD101
574. 2 m
TPD102
588 m
TPD103
513. 7 mTPD104
650 mTPD105
698 m
TPD106
672 mTPD107
735 m
TPD108
748 m
TPD109
629 mTPD110
746 m
TPD111
657 m
TPD112
747. 2 m
TPD113
572 m
TPD114
738 mTPD115
699 m
TPD116
717 m
TPD117
489 m
TPD118
624 m
TPD119
382 m
TPD120
345 m
TPD121
470 m
TPD123
446. 5 m
TPD125
362 mTPD127
339 m
TPD128
339 m
TPD129
519 m
TPD130
439. 6 m
TPD131
531 m
TPD132
453 m
TPD133
581 m
TPD134
611 m
TPD135
440 m
TPD145
TOROPARUDEPOSITDrill grid
TPD001
188. 5 m
TPD002
329. 5 m
TPD003
275 m
TPD004
380. 4 m
TPD005
350 m
TPD006
302 m
TPD007
350 mTPD008
251 m
TPD009
245 m
TPD010
188 m
TPD011
296 m
TPD012
203 m
TPD013
121. 8 m
TPD014
60 mTPD014A
425 m
TPD015
389 m
TPD016
413 m
TPD017
416. 3 m
TPD018
401 m
TPD019
419 m
TPD020
4 1 3. 5 m
TPD021
401 m
TPD022
410 m
TPD023
414 m
TPD024
397. 5 m
TPD025
4 01 m
TPD026
425 m
TPD027
431 m TPD028
401 m
TPD029
521 mTPD030
5 64 m
TPD031
816 m
TPD031A74 m
TPD032
642. 7 m
TPD033
200 m
TPD034
251 m
TPD035
566 m
TPD036
447 m
TPD037
575 m
TPD038
495 m
TPD039
405 m
TPD040
406 m
TPD041
531 m
TPD042
465 m
TPD043
297 mTPD
387 m
TPD045
318 m
TPD046
501 m
TPD047
549 m
TPD048
488 m
TPD049
582 m
TPD050
572 m
TPD051
615 m
TPD052
498 m
TPD053
5 44 m
TPD054
615 m
TPD055
565. 5 m
TPD056
524 m
TPD057
543 mTPD058
567 m
TPD059
333 m
TPD060
512 m
TPD061
656 m
TPD062
467 m
TPD063
458 m
TPD064
448 m
TPD065
464 m
TPD066
537 m
TPD067
564 m
TPD068
553 m
TPD069
592 m
TPD070
400 m
TPD071
509 m
TPD072
508 m
TPD073
666 m
TPD074
389 m
TPD075
552 m
TP D07 6
6 12 m
TPD077
658 m
TPD078
513 m
TPD079
618 m
TPD080
684 m
TPD081
621 m
TPD082
602 m
TPD083
636 m
TPD084
521 m
TPD085
481 m
TPD086
571 m TPD087
552 m TPD088
761 m
TPD089
596 m
TPD090
633 m
TPD091
780 mTPD092
542 m
TPD093
729. 3 m
TPD094
597 m
TPD095
764 m
TPD096
718 m
TPD097
711 m
TPD098
699. 6 m
TPD099
606 m
TPD100
740 mTPD101
574. 2 m
TPD102
588 m
TPD103
513. 7 mTPD104
650 mTPD105
698 m
TPD106
672 mTPD107
735 m
TPD108
748 m
TPD109
629 mTPD110
746 m
TPD111
657 m
TPD112
747. 2 m
TPD113
572 m
TPD114
738 mTPD115
699 m
TPD116
717 m
TPD117
489 m
TPD118
624 m
TPD119
382 m
TPD120
345 m
TPD121
470 m
TPD123
446. 5 m
TPD125
362 mTPD127
339 m
TPD128
339 m
TPD129
519 m
TPD130
439. 6 m
TPD131
531 m
TPD132
453 m
TPD133
581 m
TPD134
611 m
TPD135
440 m
TPD145
TOROPARUDEPOSITDrill grid
TPD001
188 . 5 m
TPD002
329. 5 m
TPD003
275 m
TPD004
38 0. 4 m
TPD005
35 0 m
TPD00 6
302 m
TPD007
350 mTPD008
251 m
TPD009
245 m
TPD010
188 m
TPD011
296 m
TPD012
203 m
TPD013
121. 8 m
TPD014
60 mTPD014A
425 m
TPD015
389 m
TPD016
413 m
TPD017
416. 3 m
TPD018
401 m
TPD019
419 m
TPD020
413. 5 m
TPD021
401 m
TPD022
410 m
TPD023
414 m
TPD024
397. 5 m
TPD025
401 m
TPD026
425 m
TPD027
431 m TPD028
401 m
TPD029
521 mTPD030
564 m
TPD031
81 6 m
TPD031A7 4 m
TPD032
642. 7 m
TPD033
200 m
TPD034
251 m
TPD035
56 6 m
TPD036
447 m
TPD037
575 m
TPD038
495 m
TPD039
405 m
TPD040
40 6 m
TPD041
531 m
TPD042
465 m
TPD043
297 mTPD
387 m
TPD045
318 m
TPD046
501 m
TPD047
54 9 m
TPD048
488 m
TPD049
582 m
TPD050
572 m
TPD051
615 m
TPD052
498 m
TPD053
544 m
TPD054
615 m
TPD055
565. 5 m
TPD056
524 m
TPD057
54 3 mTPD058
567 m
TPD059
333 m
TPD060
512 m
TPD061
656 m
TPD062
467 m
TPD063
458 m
TPD064
44 8 m
TPD065
464 m
TPD066
537 m
TPD067
564 m
TPD068
553 m
TPD069
592 m
TPD070
400 m
TPD071
509 m
TPD072
508 m
TPD073
666 m
TPD074
389 m
TPD075
552 m
TPD 07 6
6 12 m
TPD077
658 m
TPD078
513 m
TPD079
618 m
TPD080
68 4 m
TPD081
621 m
TPD082
602 m
TPD083
636 m
TPD084
521 m
TPD085
481 m
TPD086
571 m TPD087
552 m TPD088
761 m
TPD089
596 m
TPD090
633 m
TPD091
780 mTPD092
542 m
TPD093
729. 3 m
TPD094
597 m
TPD095
764 m
TPD096
718 m
TPD097
711 m
TPD098
699. 6 m
TPD099
606 m
TPD100
740 mTPD101
574. 2 m
TPD102
588 m
TPD103
5 13. 7 mTPD104
650 mTPD105
698 m
TPD106
672 mTPD107
735 m
TPD108
748 m
TPD109
629 mTPD110
746 m
TPD111
65 7 m
TPD112
747. 2 m
TPD113
572 m
TPD114
738 mTPD115
699 m
TPD116
717 m
TPD117
489 m
TPD118
624 m
TPD119
382 m
TPD120
345 m
TPD121
470 m
TPD123
446. 5 m
TPD125
36 2 mTPD127
339 m
TPD128
339 m
TPD129
519 m
TPD130
439. 6 m
TPD131
531 m
TPD132
453 m
TPD133
581 m
TPD134
611 m
TPD135
440 m
TP D145
TOROPARUDEPOSITDrill grid
ICPCu
TPD001
188 . 5 m
TPD002
329. 5 m
TPD003
275 m
TPD004
38 0. 4 m
TPD005
350 m
TPD006
302 m
TPD007
350 mTPD008
251 m
TPD009
245 m
TPD010
188 m
TPD011
296 m
TPD012
203 m
TPD013
121. 8 m
TPD014
60 mTPD014A
425 m
TPD015
389 m
TPD016
413 m
TPD017
416. 3 m
TPD018
401 m
TPD019
419 m
TPD020
413. 5 m
TPD021
401 m
TPD022
410 m
TPD023
414 m
TPD024
397. 5 m
TPD025
401 m
TPD026
425 m
TPD027
431 m TPD028
401 m
TPD029
521 mTPD030
564 m
TPD031
81 6 m
TPD031A7 4 m
TPD032
642. 7 m
TPD033
200 m
TPD034
251 m
TPD035
566 m
TPD036
447 m
TPD037
575 m
TPD038
495 m
TPD039
405 m
TPD040
40 6 m
TPD041
531 m
TPD042
465 m
TPD043
297 mTPD
387 m
TPD045
318 m
TPD046
501 m
TPD047
54 9 m
TPD048
488 m
TPD049
582 m
TPD050
572 m
TPD051
615 m
TPD052
498 m
TPD053
544 m
TPD054
615 m
TPD055
565. 5 m
TPD056
524 m
TPD057
543 mTPD058
567 m
TPD059
333 m
TPD060
512 m
TPD061
656 m
TPD062
467 m
TPD063
458 m
TPD064
448 m
TPD065
464 m
TPD066
537 m
TPD067
564 m
TPD068
553 m
TPD069
592 m
TPD070
400 m
TPD071
509 m
TPD072
508 m
TPD073
666 m
TPD074
389 m
TPD075
552 m
TPD 07 6
6 12 m
TPD077
658 m
TPD078
513 m
TPD079
618 m
TPD080
68 4 m
TPD081
621 m
TPD082
602 m
TPD083
636 m
TPD084
521 m
TPD085
481 m
TPD086
571 m TPD087
552 m TPD088
761 m
TPD089
596 m
TPD090
633 m
TPD091
780 mTPD092
542 m
TPD093
729. 3 m
TPD094
597 m
TPD095
764 m
TPD096
718 m
TPD097
711 m
TPD098
6 99. 6 m
TPD099
606 m
TPD100
740 mTPD101
574. 2 m
TPD102
588 m
TPD103
513. 7 mTPD104
650 mTPD105
698 m
TPD106
672 mTPD107
735 m
TPD108
748 m
TPD109
629 mTPD110
746 m
TPD111
65 7 m
TPD112
747. 2 m
TPD113
572 m
TPD114
738 mTPD115
699 m
TPD116
717 m
TPD117
489 m
TPD118
624 m
TPD119
382 m
TPD120
345 m
TPD121
470 m
TPD123
446. 5 m
TPD125
36 2 mTPD127
339 m
TPD128
339 m
TPD129
519 m
TPD130
439. 6 m
TPD131
531 m
TPD132
453 m
TPD133
581 m
TPD134
611 m
TPD135
440 m
TP D145
TOROPARUDEPOSITDrill grid
ICPCu
TPD001
188 . 5 m
TPD002
329. 5 m
TPD003
275 m
TPD004
38 0. 4 m
TPD005
350 m
TPD006
302 m
TPD007
350 mTPD008
251 m
TPD009
245 m
TPD010
188 m
TPD011
296 m
TPD012
203 m
TPD013
121. 8 m
TPD014
60 mTPD014A
425 m
TPD015
389 m
TPD016
413 m
TPD017
416. 3 m
TPD018
401 m
TPD019
419 m
TPD020
413. 5 m
TPD021
401 m
TPD022
410 m
TPD023
414 m
TPD024
397. 5 m
TPD025
401 m
TPD026
425 m
TPD027
431 m TPD028
401 m
TPD029
521 mTPD030
564 m
TPD031
81 6 m
TPD031A7 4 m
TPD032
642. 7 m
TPD033
200 m
TPD034
251 m
TPD035
566 m
TPD036
447 m
TPD037
575 m
TPD038
495 m
TPD039
405 m
TPD040
40 6 m
TPD041
531 m
TPD042
465 m
TPD043
297 mTPD
387 m
TPD045
318 m
TPD046
501 m
TPD047
54 9 m
TPD048
488 m
TPD049
582 m
TPD050
572 m
TPD051
615 m
TPD052
498 m
TPD053
544 m
TPD054
615 m
TPD055
565. 5 m
TPD056
524 m
TPD057
543 mTPD058
567 m
TPD059
333 m
TPD060
512 m
TPD061
656 m
TPD062
467 m
TPD063
458 m
TPD064
448 m
TPD065
464 m
TPD066
537 m
TPD067
564 m
TPD068
553 m
TPD069
592 m
TPD070
400 m
TPD071
509 m
TPD072
508 m
TPD073
666 m
TPD074
389 m
TPD075
552 m
TPD 07 6
6 12 m
TPD077
658 m
TPD078
513 m
TPD079
618 m
TPD080
68 4 m
TPD081
621 m
TPD082
602 m
TPD083
636 m
TPD084
521 m
TPD085
481 m
TPD086
571 m TPD087
552 m TPD088
761 m
TPD089
596 m
TPD090
633 m
TPD091
780 mTPD092
542 m
TPD093
729. 3 m
TPD094
597 m
TPD095
764 m
TPD096
718 m
TPD097
711 m
TPD098
6 99. 6 m
TPD099
606 m
TPD100
740 mTPD101
574. 2 m
TPD102
588 m
TPD103
513. 7 mTPD104
650 mTPD105
698 m
TPD106
672 mTPD107
735 m
TPD108
748 m
TPD109
629 mTPD110
746 m
TPD111
65 7 m
TPD112
747. 2 m
TPD113
572 m
TPD114
738 mTPD115
699 m
TPD116
717 m
TPD117
489 m
TPD118
624 m
TPD119
382 m
TPD120
345 m
TPD121
470 m
TPD123
446. 5 m
TPD125
36 2 mTPD127
339 m
TPD128
339 m
TPD129
519 m
TPD130
439. 6 m
TPD131
531 m
TPD132
453 m
TPD133
581 m
TPD134
611 m
TPD135
440 m
TP D145
TOROPARUDEPOSITDrill grid
ICPMo
TPD001
188 . 5 m
TPD002
329. 5 m
TPD003
275 m
TPD004
38 0. 4 m
TPD005
350 m
TPD006
302 m
TPD007
350 mTPD008
251 m
TPD009
245 m
TPD010
188 m
TPD011
296 m
TPD012
203 m
TPD013
121. 8 m
TPD014
60 mTPD014A
425 m
TPD015
389 m
TPD016
413 m
TPD017
416. 3 m
TPD018
401 m
TPD019
419 m
TPD020
413. 5 m
TPD021
401 m
TPD022
410 m
TPD023
414 m
TPD024
397. 5 m
TPD025
401 m
TPD026
425 m
TPD027
431 m TPD028
401 m
TPD029
521 mTPD030
564 m
TPD031
81 6 m
TPD031A7 4 m
TPD032
642. 7 m
TPD033
200 m
TPD034
251 m
TPD035
566 m
TPD036
447 m
TPD037
575 m
TPD038
495 m
TPD039
405 m
TPD040
40 6 m
TPD041
531 m
TPD042
465 m
TPD043
297 mTPD
387 m
TPD045
318 m
TPD046
501 m
TPD047
54 9 m
TPD048
488 m
TPD049
582 m
TPD050
572 m
TPD051
615 m
TPD052
498 m
TPD053
544 m
TPD054
615 m
TPD055
565. 5 m
TPD056
524 m
TPD057
543 mTPD058
567 m
TPD059
333 m
TPD060
512 m
TPD061
656 m
TPD062
467 m
TPD063
458 m
TPD064
448 m
TPD065
464 m
TPD066
537 m
TPD067
564 m
TPD068
553 m
TPD069
592 m
TPD070
400 m
TPD071
509 m
TPD072
508 m
TPD073
666 m
TPD074
389 m
TPD075
552 m
TPD 07 6
6 12 m
TPD077
658 m
TPD078
513 m
TPD079
618 m
TPD080
68 4 m
TPD081
621 m
TPD082
602 m
TPD083
636 m
TPD084
521 m
TPD085
481 m
TPD086
571 m TPD087
552 m TPD088
761 m
TPD089
596 m
TPD090
633 m
TPD091
780 mTPD092
542 m
TPD093
729. 3 m
TPD094
597 m
TPD095
764 m
TPD096
718 m
TPD097
711 m
TPD098
6 99. 6 m
TPD099
606 m
TPD100
740 mTPD101
574. 2 m
TPD102
588 m
TPD103
513. 7 mTPD104
650 mTPD105
698 m
TPD106
672 mTPD107
735 m
TPD108
748 m
TPD109
629 mTPD110
746 m
TPD111
65 7 m
TPD112
747. 2 m
TPD113
572 m
TPD114
738 mTPD115
699 m
TPD116
717 m
TPD117
489 m
TPD118
624 m
TPD119
382 m
TPD120
345 m
TPD121
470 m
TPD123
446. 5 m
TPD125
36 2 mTPD127
339 m
TPD128
339 m
TPD129
519 m
TPD130
439. 6 m
TPD131
531 m
TPD132
453 m
TPD133
581 m
TPD134
611 m
TPD135
440 m
TP D145
TOROPARUDEPOSITDrill grid
ICPMo
TPD001
188. 5 m
TPD002
329. 5 m
TPD003
275 m
TPD004
3 80. 4 m
TPD005
350 m
TPD006
302 m
TPD007
350 mTPD008
251 m
TPD009
245 m
TPD010
188 m
TPD01 1
29 6 m
TPD012
203 m
TPD013
1 21. 8 m
TPD014
60 mTPD014A
425 m
TPD015
389 m
TPD016
413 m
TPD017
416. 3 m
TPD018
401 m
TPD019
419 m
TPD020
413. 5 m
TPD021
401 m
TPD022
410 m
TPD023
41 4 m
TPD024
39 7. 5 m
TPD025
401 m
TPD026
425 m
TPD027
431 m TPD028
401 m
TPD029
521 mTPD030
5 64 m
TPD031
816 m
TPD031A74 m
TPD032
642. 7 m
TPD033
200 m
TPD034
251 m
TPD035
566 m
TPD036
447 m
TPD037
575 m
TPD038
495 m
TPD039
40 5 m
TPD040
406 m
TPD041
531 m
TPD042
465 m
TPD043
297 mTPD
387 m
TPD045
318 m
TPD046
501 m
TPD047
549 m
TPD048
488 m
TPD049
582 m
TPD050
572 m
TPD051
615 m
TPD052
498 m
TPD05 3
544 m
TPD054
61 5 m
TPD055
56 5. 5 m
TPD056
524 m
TPD057
543 mTPD058
567 m
TPD059
333 m
TPD060
512 m
TPD061
656 m
TPD062
46 7 m
TPD063
458 m
TPD064
44 8 m
TPD06 5
464 m
TPD06 6
537 m
TPD067
564 m
TPD068
553 m
TPD069
59 2 m
TPD070
400 m
TPD071
509 m
TPD072
508 m
TPD073
66 6 m
TPD074
389 m
TPD075
552 m
TPD 07 6
6 12 m
TPD077
658 m
TPD078
513 m
TPD079
618 m
TPD080
684 m
TPD081
621 m
TPD082
602 m
TPD083
636 m
TPD084
521 m
TPD085
481 m
TPD086
571 m TPD087
552 m TPD088
761 m
TPD089
596 m
TPD090
633 m
TPD091
780 mTPD092
542 m
TPD093
729 . 3 m
TPD094
597 m
TPD095
764 m
TPD096
718 m
TPD097
711 m
TPD098
699. 6 m
TPD099
606 m
TPD100
740 mTPD101
574 . 2 m
TPD102
588 m
TPD103
513. 7 mTPD104
650 mTPD105
69 8 m
TPD106
672 mTPD107
735 m
TPD108
748 m
TPD109
629 mTPD110
746 m
TPD111
657 m
TPD112
747. 2 m
TPD113
572 m
TPD114
738 mTPD115
699 m
TPD116
717 m
TPD117
489 m
TPD118
624 m
TPD119
382 m
TPD120
345 m
TPD121
470 m
TPD123
446. 5 m
TPD125
362 mTPD127
339 m
TPD128
339 m
TPD129
519 m
TPD130
439. 6 m
TPD131
531 m
TPD132
453 m
TPD133
581 m
TPD134
611 m
TPD135
440 m
TPD1 45
TOROPARUDEPOSITDrill grid
ICPTh
TPD001
188. 5 m
TPD002
329. 5 m
TPD003
275 m
TPD004
3 80. 4 m
TPD005
350 m
TPD006
302 m
TPD007
350 mTPD008
251 m
TPD009
245 m
TPD010
188 m
TPD011
29 6 m
TPD012
203 m
TPD013
121. 8 m
TPD014
60 mTPD014A
425 m
TPD015
389 m
TPD016
413 m
TPD017
416. 3 m
TPD018
401 m
TPD019
419 m
TPD020
413. 5 m
TPD021
401 m
TPD022
410 m
TPD023
414 m
TPD024
397. 5 m
TPD025
401 m
TPD026
425 m
TPD027
431 m TPD028
401 m
TPD029
521 mTPD030
5 64 m
TPD031
816 m
TPD031A74 m
TPD032
642. 7 m
TPD033
200 m
TPD034
251 m
TPD035
566 m
TPD036
447 m
TPD037
575 m
TPD038
495 m
TPD039
405 m
TPD040
406 m
TPD041
531 m
TPD042
465 m
TPD043
297 mTPD
387 m
TPD045
318 m
TPD046
501 m
TPD047
549 m
TPD048
488 m
TPD049
582 m
TPD050
572 m
TPD051
615 m
TPD052
498 m
TPD053
544 m
TPD054
61 5 m
TPD055
565. 5 m
TPD056
524 m
TPD057
543 mTPD058
567 m
TPD059
333 m
TPD060
512 m
TPD061
656 m
TPD062
46 7 m
TPD063
458 m
TPD064
448 m
TPD065
464 m
TPD066
537 m
TPD067
564 m
TPD068
553 m
TPD069
59 2 m
TPD070
400 m
TPD071
509 m
TPD072
508 m
TPD073
66 6 m
TPD074
389 m
TPD075
552 m
TPD 07 6
6 12 m
TPD077
658 m
TPD078
513 m
TPD079
618 m
TPD080
684 m
TPD081
621 m
TPD082
602 m
TPD083
636 m
TPD084
521 m
TPD085
481 m
TPD086
571 m TPD087
552 m TPD088
761 m
TPD089
596 m
TPD090
633 m
TPD091
780 mTPD092
542 m
TPD093
729 . 3 m
TPD094
597 m
TPD095
764 m
TPD096
718 m
TPD097
711 m
TPD098
699. 6 m
TPD099
606 m
TPD100
740 mTPD101
574 . 2 m
TPD102
588 m
TPD103
513. 7 mTPD104
650 mTPD105
698 m
TPD106
672 mTPD107
735 m
TPD108
748 m
TPD109
629 mTPD110
746 m
TPD111
657 m
TPD112
747. 2 m
TPD113
572 m
TPD114
738 mTPD115
699 m
TPD116
717 m
TPD117
489 m
TPD118
624 m
TPD119
382 m
TPD120
345 m
TPD121
470 m
TPD123
446. 5 m
TPD125
362 mTPD127
339 m
TPD128
339 m
TPD129
519 m
TPD130
439. 6 m
TPD131
531 m
TPD132
453 m
TPD133
581 m
TPD134
611 m
TPD135
440 m
TPD1 45
TOROPARUDEPOSITDrill grid
ICPTh
Regional Exploration PathfindersSystematic Mapping of Geophysical and Geochemical Pathfinder / Indicators
Airborne Geophysics : K anomaly Th anomaly
Geochemical soil/saprolite/fresh bedrock programs include multi-element analyses to identify potential pathfinder/indicators
Geochemistry: ICP Cu ICP Mo ICP Th
18
191919
Sandspring Resources Financial Capital Structure1
Total I/O: 107,815,4022
Warrants: 5,568,082
Options: 6,691,434
Total FD: 120,874,067
Cash: ~$39 million
Hi‐Low $3.75 – $1.09
1 All information effective as of March 31, 2011 . Cash balance is an estimate .2 Management controls ~38 M shares or ~35% of I/0.
19
202020
Sandspring Resources Ltd.Management & Directors
Rich A. Munson B.A., J.D., L.L.M.CEO, Director
Mr. Munson is a co‐founder and director of ETK Inc., the subsidiary acquired by Sandspring in 2009. Mr. Munson has served as an officer,director and General Counsel of Energy Fuels Corporation (EFC) since 1985. Prior to joining EFC, Mr. Munson was a resident partner ofAranow, Anderson, Beatty & Lee LLP, a law firm focusing on natural resources.
Abraham Drost M.Sc., P.Geo.President, Director
Mr. Drost is a registered Professional Geoscientist (Ontario) with over twenty years experience in the Canadian mining industry. Heholds a Masters degree in Mineral Exploration (1987) from Queen's University and brings success in mineral project discovery, financeand development as past‐President of Sabina Silver Corporation.
P. Greg Barnes, B.Sc., MBAExecutive VP, Director
Mr. Barnes has been involved in the Toroparu Project for a number of years as a technical advisor and investor prior to completion of theQualifying Transaction in November of 2009. Mr. Barnes has been involved in the natural resource sector for more than 2o years tradingnon‐ferrous metals & concentrated ores and developing large scale projects in many countries. Mr. Barnes holds a B.Sc. in GeologicalSciences from the University of Texas at Austin and a M.Sc. in Economics from the London School of Economics. Greg is also the CEOand President of Hunter Energy LLC.
L. Werner Claessens, B.Sc.VP Exploration
Mr. Claessens has been exploring for gold in West Africa for more than 30 years. He has experienced considerable success as anexplorationist of greenstone hosted gold deposits for several European Union funded regional exploration programs, including thediscovery of several large gold finds such as Sadiola Hill and Morila in Mali, and the Samira Hill deposit in Niger. Werner holds a Degree inGeological and Mineralogical Sciences from the Catholic University of Leuven (KUL), Leuven, Belgium.
Dennis Kerstiens, B.Eng.Engineering Technical Coordinator
Mr. Kerstiens has a degree in Metallurgical Engineering from the Colorado School of Mines and over thirty years experience as a seniormanager in all phases of open pit mining. He has a solid background in the administration, engineering, production, and maintenance ofboth large and small open pit mining operations with Kennecott Corporation and other mining companies.
Scott Issel, MBA Chief Financial Officer
Mr. Issel completed a double major in Accounting and Finance from the University of Colorado and an MBA from the University of NotreDame. He has previously served as an Investment Advisor with Merrill Lynch and as a portfolio manager with a private venture capitalgroup in the United States. Mr. Issel joined Sandspring in May 2009 as the Controller of GoldHeart Investment Holdings Ltd., a subsidiaryof Sandspring. He assisted in the reverse takeover transaction of Sandspring which served as the Company’s Qualifying Transaction forlisting on the TSX Venture Exchange.
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Sandspring Resources Ltd.Directors
John R. Adams, BA ,ChairmanMr. Adams is a co‐founder and director of ETK Inc., the subsidiary acquired by Sandspring in 2009. John was the Chairman,President and a director of the privately held Energy Fuels Corporation, a diversified uranium and coal mining Company andemployer of 450 people, which was based in Colorado, USA in the 1980s .
David Constable, BSc, MBA David Constable is a professional geologist and has more than 40 years experience in mineral exploration, development andstrategic investor relations throughout Canada and internationally. From 2002‐10 he was Vice President Investor Relations forFNX Mining Company Inc. (FNX:TSX), retiring after the 2010 $3.5 billion merger with Quadra Mining Ltd. (QUA:TSX) to createQuadraFNX Mining Ltd. (QUX:TSX). David has a BSc (Hons.) from Mount Allison University in New Brunswick, an MBA (Hons.)from Sudbury’s Laurentian University and possesses an ICD.D designation from the Institute of Canadian Directors.
Brad L. Doores, B.A., J.D.Mr. Doores is VP and Assistant General Counsel for Barrick Gold Corp. He is a US attorney licensed in the state of Colorado withover 30 years of legal experience in the mining industry. During the course of his career, Mr. Doores has served as an officer,director and legal counsel for both private and public, and senior and junior, natural resources companies. Mr. Doores has a B.A.from Duke University (1972) and a J.D. from the University of Michigan School of Law (1975).
Gerald W. Grandey, B.Sc., J.D.Mr. Grandey is CEO and a Director of Cameco Corporation. His prior appointments include President of Energy Fuels Corporation,an American uranium and coal mining company. Mr. Grandey graduated from the Colorado School of Mines in 1968 with a degreein geophysical engineering and, after serving two years in the US military, received his law degree from Northwestern Universityin 1973.
Mark C. Maier, B. Comm., MBAMr. Maier was employed by Merrill Lynch (London) as an Associate VP and also worked in Florida, USA as a Risk Manager for AVM L.P., a registered broker/dealer and service company to III Associates LP, a hedge fund advisor. Currently, Mr. Maier is theVP Corporate Development of Aurum Group, and investment manager for Alpha Vest Partners and Aurum Venture Partners.
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