Sandspring Resources Ltd. (TSX VENTURE:SSP) ("Sandspring" or the "Company") is
pleased to announce that it has signed a binding Memorandum of Understanding
("MOU") with the Government of Guyana granting Sandspring the exclusive right to
evaluate and develop a hydroelectric power plant on the Kurupung River,
approximately 30 miles from its Toroparu Property.


The terms of the five-year MOU contemplate that the hydro-electric facility
would be developed on a timeline that supports the conversion of the Toroparu
Project to hydro-electric power as mining and processing are expanded in the
fourth year of Sandspring's mine plan defined in the pre-feasibility study
results released on April 10, 2013.


Rich Munson, CEO, comments:

"The MOU creates the opportunity for Sandspring and an independent power
producer to jointly develop a long term alternative power supply for Toroparu
and other deposits we believe will be found on our property concession. In
addition to the significant benefit that hydroelectric power will provide by
reducing operating costs and improving sustainability of the Toroparu Project,
the development of a hydro-electric facility in Guyana's Region 7 could provide
a significant catalyst for further development of the region's proven mineral
potential."


Sandspring Resources Ltd. is a Canadian junior mining company currently in
advanced exploration and feasibility assessment of the multi-million ounce
Toroparu Gold Deposit in the Republic of Guyana. Visit Sandspring's website at
www.sandspringresources.com.


This press release includes certain forward-looking statements concerning the
future performance of and operations of the Company, as well as management's
objectives, strategies, beliefs and intentions. Forward-looking statements are
frequently identified by such words as "may", "will", "plan", "expect",
"anticipate", "estimate", "intend" and similar words referring to future events
and results. Forward-looking statements are based on the current opinions and
expectations of management at the time such statements are made. All
forward-looking information is inherently uncertain and subject to a variety of
assumptions, risks and uncertainties, including the speculative nature of
mineral exploration and development, fluctuating commodity prices, changes in
project parameters as plans continue to be refined, uncertainties of project
cost overruns or unanticipated costs and expenses, uncertainties inherent in
conducting operations in a foreign country, uncertainties related to the
availability and costs of financing needed in the future, the risk that the
conclusion of pre-production studies may not be accurate, and the advancement of
the Toroparu Project toward feasibility and obtaining positive results from
ongoing evaluation and testing of multiple gold targets located elsewhere in the
Company's landholdings, among other risks as described in our securities filings
available at www.sedar.com. Actual events or results may differ materially from
those projected in the forward-looking statements and we caution against placing
undue reliance thereon. Sandspring Resources Ltd. has an ongoing obligation to
disclose material information as it becomes available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sandspring Resources Ltd.
Mr. Richard Munson
CEO
(720) 854-0104
info@sandspringresources.com
www.sandspringresources.com
Sandspring Resources (TSXV:SSP)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Sandspring Resources Charts.
Sandspring Resources (TSXV:SSP)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Sandspring Resources Charts.