Sage Gold Inc SGGDF

Anglo Pacific owns 15% of Sage Gold - SGX

[Goldencents]

Anglo Pacific Group owns 15% of Sage Gold - SGX This is extremely good news for SGX to have institutional backing at such a level. Goldencents Thanks to Red911 -------------------------------------------------------------------- Sage Gold's Anglo Pacific shareholder now owns 15% 2007-04-18 10:42 ET - News Release An anonymous director reports FILING OF EARLY WARNING REPORT Sage Gold Inc.'s shareholder, Anglo Pacific Group PLC, a company listed on the London Stock Exchange, has filed an early warning report dated April 17, 2007, advising of its shareholdings in Sage Gold. Anglo recently acquired beneficial ownership of five million units of Sage Gold in connection with a private placement transaction at a price of 10 cents per unit for a total purchase price of $500,000. Each unit comprises one common share and one-half of one share purchase warrant of Sage. Each whole warrant entitles Anglo to purchase one further common share of Sage at a price of 15 cents per common share in year one until March 30, 2008, and 20 cents per common share during year two until March 30, 2009, which represents 7.79 per cent of the issued and outstanding common shares of Sage on a fully diluted basis, assuming exercise of the warrants. Immediately prior to the private placement transaction noted above, Anglo previously owned a total of 4,836,500 common shares and 2.5 million warrants of Sage. These warrants are exercisable to purchase one additional common share of Sage at a price of 15 cents in year one until April 13, 2007, and at a price of 20 cents in year two until April 13, 2008. These common shares and warrants, together with the five million common shares and 2.5 million warrants recently purchased, represents a total of 14,836,500 or 15.02 per cent of the issued and outstanding common shares of Sage, calculated assuming the exercise of the five million warrants exercisable into five million common shares. Anglo has ownership and control over 9,836,500 common shares and warrants convertible into five million common shares for a total total of 14,836,500 or 15.02 per cent of the issued and outstanding common shares of Sage calculated assuming exercise of the warrants. The acquisition referred to above was effected through a private placement transaction. The transactions were made for investment purposes and Anglo could increase or decrease their investment in Sage depending on market conditions or any other relevant factor. The purchase price for the five million units acquired by Anglo through a private placement transaction was $500,000 or 10 cents per common share. A copy of the report filed in respect of the acquisition, as required under applicable securities legislation, may be obtained by contacting Matthew Tack in London, United Kingdom, at [phone].