Sage Gold Appoints New CFO

Sage Gold Inc. (TSX VENTURE:SGX) is pleased to announce the appointment of Mr.
Robert Ryan, CPA CA MBA, as Chief Financial Officer ("CFO") of the Company.


Mr. Ryan replaces Mr. Ron Reed, who will be moving on to other opportunities.

"The Company is pleased to welcome Mr. Ryan to Sage and our management team,"
commented Nigel Lees, President and CEO of Sage Gold. "Mr. Ryan brings over 25
years of experience in CFO and COO roles in private and public companies with an
extensive background in financing and M&A transactions and we look forward to
working with him on the future development of Sage. We would like to thank Ron
for his dedicated work at Sage over the past two years and wish him well in his
new position."


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 project in Timmins and the Lynx project 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


Sage Gold Inc.
Karen Levy
Communications Manager/Investor Relations
416-204-3170
416-260-2243 (FAX)
www.sagegoldinc.com