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Form of Proxy Results

SANDSTORM GOLD LTD.

Notes: Client Vote Instructions.

No. Proposition For Against
1 To consider, pursuant to an Interim Order of the Supreme Court of British Columbia dated September 8, 2025, and, if deemed acceptable, to pass, with or without variation, a special resolution, the full text of which is set forth in Appendix A to the management information circular of Sandstorm Gold Ltd. (the Company) dated September 8, 2025, approving an arrangement involving, among others, the Company, Royal Gold, Inc. and International Royalty Corporation, pursuant to a statutory plan of arrangement under Division 5 of Part 9 of the Business Corporations Act (British Columbia). 100% 0%

ABSTAIN VOTES ARE COMPILED AND SUBMITTED ON YOUR BEHALF AND ARE REFLECTED IN THE VOTING RESULTS AS THE DIFFERENCE BETWEEN THE FOR % AND THE AGAINST % WHERE APPLICABLE.