Sage Gold Inc. (TSX.V-SGX) is a Canadian exploration and development company with projects in Timmins and Beardmore in Northern Ontario.  The Company is focused on becoming a near-term gold producer.

In 2010, SGX optioned the Clavos property from St Andrew Goldfields (TSX-SAS) in the Timmins Gold Camp.  Clavos was briefly in production between 2005 and 2007 and SAS invested $46 million in mine and infrastructure development.

Sage has formed Joint Venture with SAS (owns 40%) after meeting the requirements to now own 60% of the Clavos property.  The Company's new NI43-101 Resource estimate for Clavos was completed by Roscoe Postle Associates (RPA) in October 2012.The total resource includes Indicated mineral resources of 1,258,400 tonnes at 4.81 g/t Au totalling 194,600 ounces of gold  and Inferred mineral resources of 796,000 tonnes at 4.7 g/t Au representing 120,000 ounces. These resources are reported at a base case cut-off grade of 2.75 g/t Au and individual assays have been capped at 60g/t. This 2012 resource estimate represents a 113% increase in total ounces relative to the last published resource of October 2006 (by SAS) and is based on a long term gold price assumption of USD$1600/Oz and a cut-off grade of 2.75 g/t Au. The SAS 2006 mineral resource was calculated at a gold price assumption of USD$500/Oz and a cut-off grade of 4 g/t Au. The Clavos deposit remains open down dip and along strike providing a continuing opportunity to potentially increase the mineral resource with additional drilling.

A Preliminary Economic Assessment (PEA) for Clavos was released on March 1, 2013 highlighted by a $23MM Net Present Value and a 71% Internal Rate of Return based on $1500 Gold price. Please refer to NEWS section to view the details of the Clavos PEA. The PEA  does not indicate the economic viability of the mineral resource. The PEA is preliminary in nature,includes inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and that there is no certainty that the PEA will be realized.  Mineral resources that are not mined reserves do not have demonstrated economic viability.

 
The Company also has a portfolio of exploration properties in the Northwestern Ontario Beardmore-Geraldton Gold Camp. There is a  NI43-101 Resource on the Lynx Cu-Ag- Au property. The Inferred Resource defined to date comprises 1,936,000 tonnes at an average grade of 1.44% Cu, 39.6 g Ag/T and 0.58 g Au/T and contains 61.3 million pounds of copper, 2.24 million troy oz of silver and 33,000 troy oz of gold. These resources are reported at a cut-off grade of 0.5% copper.

The Sage Gold management team and board have extensive experience in finding, developing and financing new projects. SGX continues to identify additional properties for acquisition to further enhance shareholder value and create cash flows.