12.13.2005
Sage Gold Inc. (“SAGE”) is pleased to announce that effective December 14, 2005 its common shares (“Shares”) will commence trading on the TSX Venture Exchange (the “Exchange”) under the symbol SGX. The Shares will continue to trade on the CNQ under the symbol “SAGE”.
There are currently 38,467,961 issued and outstanding Shares. Pursuant to the policies of the Exchange, an aggregate of 2,551,679 Shares held by the directors, officers and insiders of SAGE are being held in escrow pursuant to an escrow agreement dated December 2, 2005.
SAGE is a Tier 2 mineral exploration and development company which owns interests or options in seven exploration properties in Ontario and Quebec and six exploration properties in Nevada. Its main properties are the Kerrs property (the “Kerrs Property”) which is located in the northern part of the Larder Lake Mining Division in northeastern Ontario, and the Dixie Fork, Triple Junction, Pony Spur, Dike, Corridors and Sugarloaf properties (collectively, the “Nevada Properties”) which are situated in northeastern Nevada, within Elko County. Technical reports relating to the Kerrs Property and the Nevada Properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.
For further information, contact:
Nigel Lees, President and C.E.O.,
or Bill Love, C.F.O.
Phone: 416-204-3170
Fax: 416-260-2243
The Listing Application and additional information about SAGE can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.
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This release was prepared by management of the Company who takes full responsibility for its contents. The TSX Venture Exchange and the Canadian Trading and Quotation System Inc. have not reviewed and do not accept responsibility for the adequacy or accuracy of this news release.
Some statements 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.