New Sage Energy appoints Michael Ivan as Chief Financial Officer

TORONTO, Dec. 31, 2012 /CNW/ - New Sage Energy Corp. ("New Sage" or the "Company") (TSX Venture: NSG.H) is pleased to announce the appointment of Mr. Michael Ivan, CA to the position of Chief Financial Officer.

Mr. Ivan is a Chartered Accountant with extensive experience managing the financial operations for both private and public companies. Mr. Ivan began his career with Collins Barrow, where he was a key member of the firm's public company group, with a particular focus on junior resource companies. Throughout his career he has specialized in auditing, internal controls, and financial reporting. He most recently served as Corporate Controller for New Sage and the Company expects the transition to be seamless given Mr. Ivan's knowledge and familiarity.

Mr. Ivan replaces Mr. Paul Haber who has served as CFO for the past several years. The Company also announces the resignation of Mr. Marc Bamber from the board of directors of the Company to focus on other business ventures and commitments. The Company would like to thank Mr. Haber and Mr. Bamber for their contributions and wish them both the best in their future endeavors.

About New Sage Energy Corp.

New Sage Energy Corp. is a Canadian exploration and development company focused on international oil and gas opportunities.

Neither the TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: New Sage Energy Corp.