SGX Sage Gold Inc.

Sage Gold Inc. ("Sage" or the "Company") (TSX VENTURE:SGX) is pleased to
announce that it intends to complete a non-brokered private placement for gross
proceeds of $700,000 (the "Offering"). The Offering will consist of the sale of
16,666,666 common shares (each, a "Common Share") at $0.03 per Common Share and
the sale of 4,000,000 flow-through units ("FT Units") at $0.05 per FT Unit. Each
FT Unit will consist of one Common Share issued on a flow-through basis and
one-half (1/2) of one Common Share purchase warrant of the Company (a
"Warrant"). Each whole Warrant shall entitle the holder to purchase one Common
Share at a price of $0.05 for a period of 12 months following the closing date
of the Offering. 


The Company intends to use the net proceeds of the Offering to maintain the
Company's assets, for debt repayment and working capital purposes. Completion of
the Offering is subject to the receipt of all necessary approvals including the
approval TSX Venture Exchange ("TSXV"). Namely, approval of the sale of the
Common Share portion of the Offering is being sought pursuant to the TSXV's
Notice to Issuers dated April 12, 2013, regarding the Extension and Modification
of Temporary Relief from Certain Pricing Requirements. 


All securities issued pursuant to the Offering will be subject to a statutory
four-month and one day hold period.


About Sage 

Sage is a mineral exploration and development company which has primary
interests in near-term production and exploration properties in Ontario. Its
main properties are the Clavos Gold deposit in Timmins and the Lynx deposit and
other exploration properties in the Beardmore-Geraldton Gold Camp. Technical
reports and information relating to the properties can be obtained from the
System for Electronic Document Analysis and Retrieval (SEDAR) website at
www.sedar.com and www.sagegoldinc.com.


CAUTIONARY STATEMENT: Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the information
contained herein. This News Release includes certain "forward-looking
statements". All statements other than statements of historical fact, included
in this release, including, without limitation, statements regarding potential
mineralization and reserves, exploration results, future plans and objectives of
Sage, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from Sage's expectations are the risks detailed
herein and from time to time in the filings made by Sage with applicable
securities regulators. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sage Gold Inc.
Nigel Lees
President and C.E.O.
416-204-3170
416-260-2243 (FAX)


Sage Gold Inc.
Mike O'Brien
Communications Manager/Investor Relations
416-204-3170
416-260-2243 (FAX)
www.sagegoldinc.com

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