Sandspring Resources Ltd. announced that the Company's Board of Directors appointed Bassam Moubarak as Executive Vice President Finance and Chief Financial Officer, effective November 1, 2019. Mr. Moubarak has also been appointed to the Company's Board of Directors. The appointment of Mr. Moubarak follows the resignation of Ms. Jessica Van Den Akker as Chief Financial Officer.

Ms. Van Den Akker will remain as a consultant to the Company. The Company would like to thank Ms. Van Den Akker for her contributions over the years.