Sage Gold Extends Debt Facility Maturity Date

As reported on February 6, 2014, Sage (TSX VENTURE:SGX) entered into an
amendment agreement (the "Amendment Agreement") relating to its CAD$1.5 million
senior secured term debt facility (the "Facility") with Waterton Global Value,
L.P. ("Waterton"). In the Amendment Agreement, Waterton agreed to extend the
Facility's maturity date (the "Maturity Date") from February 10, 2014 to May 9,
2014 and offered Sage the option (at Sage's sole discretion) to further extend
the Maturity Date to August 8, 2014 (the "Extension Option"). Sage has exercised
the Extension Option. 


As consideration for the modifications set forth in the Amendment Agreement,
Sage has agreed to pay Waterton, on the Maturity Date: CAD$75,000 for the
extension of the Maturity Date to May 9, 2014; CAD$100,000 for the extension of
the Maturity Date to August 8, 2014; and CAD$20,000 in lieu of the issuance of
one million common shares in the capital of Sage originally promised to Waterton
as consideration for the Extension Option. 


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nigel Lees
President and CEO
416-204-3170
416-260-2243 (FAX)
www.sagegoldinc.com