SGX Sage Gold Inc.

Sage Gold (TSX VENTURE:SGX) ("the Company") has agreed to settle an obligation
of $16,667 owed to an arms-length consultant by issuing 333,340 common shares
based on an agreed price of $0.05 per common share. The issuance represents
initial payments to one vendor pursuant to a one-year consulting agreement. The
consulting agreement provides that a portion of the monthly fee can be converted
to common shares. The transaction is subject to TSX-V approval.


The company also announces the resignation of Mr. Hua Bai from the Sage Board of
Directors. 


Mr. Bai who resides in Beijing, China has been a valuable member of the Board of
Directors. 


Sage President and CEO Nigel Lees commented, "We will miss the wise counsel that
Mr. Bai brought to the Board of Directors particularly relating to his views on
the development of the China market. We understand that his many business
interests in China will preclude him from continued active service on the Board
of Directors. We wish him well and thank him for his contribution to the Board."


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.


This release was prepared by management of the Company who takes full
responsibility for its contents. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.


This news release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended and "Forward Looking Information" within the meaning of applicable
Canadian securities legislation. Some forward looking statements and forward
looking information contained in this release are forward-looking and,
therefore, involve uncertainties or risks that could cause actual results to
differ materially. Such forward-looking statements include comments regarding
mining and milling operations, mineral resource statements and exploration
program performance. Factors that could cause actual results to differ
materially include metal price volatility, economic and political events
affecting metal supply and demand, fluctuations in mineralization grade,
geological, technical, mining or processing problems, exploration programs and
future results of exploration programs, future profitability and production. The
Company disclaims any obligation to update forward-looking statements.


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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