Sage Gold Issues Shares To Settle Debt

Sage Gold Inc. (SGX)  has agreed to settle obligations of $169,595 owed to twelve vendors by issuing 1,130,634 common shares based on an agreed price of $0.15 per common share. Included in the preceding total were 454,167 common shares issued to three current or former directors of Sage in respect of outstanding directors fees. The expiry date of the hold period for the shares issued was March 27, 2015.

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 property in Timmins and the Lynx property 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.