Sage Gold Inc. Announces Extension of Private Placement

TORONTO, ONTARIO--(Marketwired - July 10, 2013) - Sage Gold Inc. ("Sage" or the "Company") (TSX VENTURE:SGX) Further to its press releases dated April 30, 2013 and May 23, 2013, Sage announced today that it has agreed to extend the closing date of the second tranche of a previously announced private placement, initially set to close on July 10, 2013, to Friday July 19, 2013 or earlier. "The financing is progressing well and the Company requires additional time to finalize the deal given the nature of the type of transaction and the period of the year" said Nigel Lees, President & CEO of Sage.

About Sage

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.

CAUTIONARY STATEMENT: Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, future plans and objectives of Sage, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Sage's expectations are the risks detailed herein and from time to time in the filings made by Sage with applicable securities regulators.