Ms. Nancy Schlepp reports

SANDFIRE RESOURCES AMERICA ANNOUNCES VARIATION TO BRIDGE LOAN AGREEMENT

Sandfire Resources America Inc. has entered into a seventh variation agreement to its bridge loan agreement, as amended, with Sandfire B.C. Holdings (Australia) Pty. Ltd., the company's largest shareholder, and Tintina Montana Inc., a wholly owned subsidiary of the company.

Pursuant to the seventh variation, the amount available to be borrowed under the bridge loan will be increased from an aggregate of up to $65.3-million (U.S.) to an aggregate of up to $77.4-million (U.S.) through one or more advances, and the latest maturity will be extended from Dec. 31, 2026, to Dec. 31, 2027, subject to the terms of the seventh variation and the bridge loan.

The 77.4-million (U.S.) is composed of an aggregate principal amount of up to $68.2-million (U.S.) and interest payable to March 31, 2027, in the amount of $9.2-million (U.S.).

All other terms and conditions of the bridge loan shall remain in full force and effect, except as amended by the seventh variation. No securities of the company are issuable under the agreement.

We seek Safe Harbor.