SSP Sandspring Resources Ltd

Sandspring Resources Ltd. (TSX VENTURE:SSP) ("Sandspring" or the "Company")
announces the adoption by its board of directors (the "Board") of amendments to
its by-laws to add a provision that requires advance notice to the Company in
circumstances where director nominations are made by shareholders of the
Company, other than in connection with (i) the requisition of a shareholders'
meeting, or (ii) a shareholder proposal, in each case made pursuant to the
Business Corporations Act (Ontario) (the "Advance Notice Provision").


Among other things, the Advance Notice Provision fixes a deadline by which
holders of record of common shares of the Company must submit director
nominations to the Company prior to any annual or special meeting of
shareholders and sets forth the information that a shareholder must include in
the notice to the Company.


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 days and not more than 65 days prior to the date of the
annual meeting; provided, however, that in the event that the annual meeting is
to be held on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to the Company must be made no later than the close of business
on the 15th day following the day on which the first public announcement of the
date of the special meeting was made.


The Advance Notice Provision provides a clear process for shareholders to follow
for director nominations and sets out a reasonable time frame for nominee
submissions and the provision of accompanying information. The purpose of the
Advance Notice Provision is to treat all shareholders fairly by ensuring that
all shareholders receive adequate notice of the nominations to be considered at
a meeting and can thereby exercise their voting rights in an informed manner. In
addition, the Advance Notice Provision should assist in facilitating an orderly
and efficient meeting process.


The by-law amendment is effective immediately and will be placed before
shareholders for ratification and confirmation at the next annual and special
meeting of shareholders of the Company to be held in June 2013. A copy of the
by-law amendment has been filed under the Company's SEDAR profile at
www.sedar.com.


About Sandspring

Sandspring Resources Ltd. is a Canadian junior mining company currently in
advanced exploration and moving toward a definitive feasibility study for the
multi-million ounce Toroparu Project in the Republic of Guyana. Visit
Sandspring's website at www.sandspringresources.com.


Additional information on Sandspring can be viewed on SEDAR under the Company's
profile at www.sedar.com or on Sandspring's website at
www.sandspringresources.com.


This press release includes certain forward-looking statements concerning future
performance and operations of the Company, including ratification of the by-law
amendment by shareholders 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 statements
and 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, the Company's successful 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 public 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.
Richard A. Munson
Chief Executive Officer
(720) 854-0104
info@sandspringresources.com
www.sandspringresources.com

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