SSP Sandspring Resources Ltd

Sandspring Resources Ltd. (TSX VENTURE:SSP) ("SSP" or the "Company") is pleased
to announce further results from its 2012 geochemistry exploration program for
the Upper Puruni Property (see figure 1).


Results from regional and detailed saprolite geochemical sampling, regional
litho-structural interpretations, and the discovery of the SE Zone gold resource
(see PR May 31st, 2012) indicate that the gold and copper mineralization
identified in the Toroparu Deposit is part of a larger scale mineralizing event,
and not an isolated system. 


During the course of 2012, in-fill line geochemical sampling program confirmed
most of the regional gold anomalies that form a cluster around the Toroparu
Deposit (see PR, February 22, 2012), and found several additional anomalies,
including Sona Hill, Majuba and Makapa (see figure 2). Multi-element (ICP)
results obtained over the last two years from all regional and detailed
collected samples identified a significant alteration halo extending over 20 km
to the northwest and southeast from the Company's Toroparu Deposit (see Figure
3). This geochemical footprint indicates that the mineralization at Toroparu may
be the result of several important hydrothermal events and has the potential to
contain more economic mineralization systems. Sona Hill is an outstanding and
promising gold anomaly of comparable intensity as the initial Toroparu Deposit
anomalous feature and is located only 5 km southeast of the Toroparu site.
Encouraging gold values spread over the entire hill, which is 1800 m long and
400 m wide.


The geochemically anomalous trends are apparently associated with "magnetic-low"
features as identified by reprocessed airborne magnetic data (see Figure 4).
These are interpreted as small plutons of intermediate composition similar to
the tonalitic to quartz-dioritic intrusive which are closely related to the
Toroparu Deposit. These "magnetic low" structures are oriented in a northwest
direction along the southwestern boundary of the Puruni Shear Corridor, further
suggesting the potential for more hydrothermal footprints on a regional scale. 


Werner Claessens, VP Exploration states: "The systematic surface exploration
surveys continue to provide Sandspring with encouraging and interesting results.
Apart from gold anomalies indicating possible underlying gold mineralization
systems, the multi-element data combined with remote sensing and airborne based
litho-structural interpretations significantly enhance the understanding of the
geological mechanisms controlling these mineralization systems. We are
reasonably confident that these efforts will increase the prospects of finding
satellites or new deposits within our concession package." 


Figure 1: http://media3.marketwire.com/docs/FigureSSP1.pdf: Location of the
Toroparu Deposit and the Upper Puruni concession package


Figure2: http://media3.marketwire.com/docs/FigureSSP2.pdf: Cluster of Gold
anomalies around the Toroparu Deposit


Figure 3: http://media3.marketwire.com/docs/FigureSSP3.pdf: Alteration Halo
around the Toroparu Deposit


Figure 4: http://media3.marketwire.com/docs/FigureSSP4.pdf: Association between
"Magnetic Lows" and Gold anomalous features 


Figure 5: http://media3.marketwire.com/docs/FigureSSP5.pdf: Location of the
geochemistry sampling grids


The 2012 surface geochemical program consisted of detailed survey grids
conducted to determine the extent of gold anomalies defined by the 2011 regional
survey (see PR February 22, 2012). Furthermore, the regional grid was extended
to the north. The interpretations contained herein are based on 7,400 samples
collected with hand-auger below the soil or lateritic crust on regular grid
patterns over 400 km2 within the concession package during 2011 and 2012 (see
Figure 5). Samples were submitted to AcmeLabs on-site prep facility together
with blank and standard QAQC samples where they were prepped and then shipped to
AcmeLabs laboratory in Vancouver for ICP 1FO3 37 elements analyses. 


AcmeLabs is an ISO9001: 2008 accredited laboratory. A system of blanks,
standards and duplicates were added to the Toroparu sample stream by the Company
to verify accuracy and precision of assay results which supplemented a variety
of internal QA/QC tests performed by AcmeLabs.


Mr. Brian Ray, P.Geo., Senior Resource Geologist with Sandspring and a Qualified
Person under NI 43-101, has reviewed and approved the technical content of this
press release. 


About Sandspring Resources Ltd. 

Sandspring Resources Ltd. is a Canadian junior mining company currently in
advanced exploration and pre-feasibility assessment of the multi-million ounce
Toroparu Gold Deposit in the Republic of Guyana. Please visit
http://www.sandspringresources.com for further information.


To view our previous disclosure on the latest resource estimate: 
Sandspring Resources PEA March 12, 2012.

To see the Preliminary Economic Assessment for the Toroparu Gold project: 
Sandspring Resources January 30, 2012 Resource Update. 

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 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, the Company's successful
advancement of the Toroparu Gold Deposit 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, CEO
(720) 854-0104
info@sandspringresources.com
www.sandspringresources.com

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