Gold Price: US $1,372.4/ounce
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Magellan Closes Financing with Sandstorm Gold

Magellan Minerals Ltd. (TSX-V: MNM)(OTCQX: MAGNF) (“Magellan”) is pleased to announce the closing of the previously announced transaction with Sandstorm Gold Ltd. (“Sandstorm”) (see press release dated May 11, 2012) whereby Magellan will grant Sandstorm G

Date Stamp: May 15, 2012

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