Sandspring Resources Ltd. and PNO Resources Ltd. announced completion of the previously announced acquisition by Sandspring of PNO by way of a court approved plan of arrangement. Completion of the acquisition has brought the capital required to advance Sandspring's Toroparu Gold Project in the near term, while also expanding the expertise of Sandspring's management team and board of directors. The board of directors of Sandspring now comprises Messrs. John Adams, Suresh Beharry, Greg Barnes, David Constable and Richard Munson as representatives of Sandspring, and Messrs. Frank Giustra, Harry Pokrandt and David Laing as representatives of PNO.

Richard Munson will continue as Chief Executive Officer, Jeremy Crichton has been appointed Chief Financial Officer and Rhylin Bailie has been appointed Vice-President Communications and Investor Relations.