In addition to these property acquisitions, Sage's strategy is to advance its properties through exploration and acquire advanced gold properties with resources that can be developed over the near term into production."

Sage is continuing to aggressively explore its properties in the BGG Camp. This program has included prospecting, trenching, and drilling. High grade channel and grab samples have been previously announced on its three principal properties; Golden Extension, Paint Lake and Solomon's Pillars. An extensive drill program is currently being conducted on the Paint Lake and Solomon's Pillars properties. Drill results should be available in November. A till testing drill program on Golden Extension is planned for the winter to target swampy areas which are not easily accessible during the rest of the year.

King Solomon's Pillars: Pursuant to a Purchase and Sale Agreement Sage has purchased a 100% interest in a 21 year lease, No. 107144 as well as four unpatented mining claims on the Solomon's Pillars Property. The property is situated contiguous to the eastern boundary of Sage's Solomon Pillar's property where Sage recently announced (September 4th, 2009) a channel sample of 351.58 g Au/T over 1.28 metres. Historical drill hole SP-08-20 ran 4.32g Au/t over 6 metres. In consideration thereof, Sage will issue to the Vendor 400,000 common shares of Sage and a cash payment of $30,000.

Spooner: Sage has entered into an option agreement to earn an undivided one hundred percent (100%) interest in one lease as well as 9 unpatented mining claims located in McComber Township. The Spooner property is located contiguous to Roxmark Mines Limited's Northern Empire property and includes the eastern extensions of the Power and Contact veins which were mined at the Northern Empire Mine. Historical drilling included DDH #2 which ran 7.9 g/t over 0.76m and DDH #7 which ran 19.9 g/t over 0.31m The earn-in consideration is $48,000 over 3 years plus 60,000 common shares of Sage plus work expenditures.

Bearskin Lake: Sage has entered into an option agreement to earn an undivided one hundred percent (100%) interest in 14 unpatented mining claims located in Walters Township. The property is located 5km east - southeast of the Ontex Brookbank property. The earn-in consideration is $42,000 over 3 years plus 150,000 common shares of Sage.

Crooked Green Creek: Sage has entered into an option agreement to earn an undivided one hundred percent (100%) interest in one unpatented mining claim in Pifher Township. The earn-in consideration is $20,000 over 3 years plus 50,000 common shares of Sage plus work expenditures.

Final Lake: Sage has entered into an option agreement to earn an undivided one hundred percent (100%) interest in 2 unpatented mining claims located in the Fullerton Lake area. The earn-in consideration is $20,000 over 3 years plus 50,000 common shares of Sage plus work expenditures.

Vincent Lake: Sage has entered into an option agreement to earn an undivided one hundred percent (100%) interest in one unpatented mining claim located in the Leopard Lake area, comprising 16 units. The earn-in consideration is $40,000 over 3 years plus 100,000 common shares of Sage plus work expenditures.

Crooked Green Lake: Sage has entered into an option agreement to earn an undivided one hundred percent (100%) interest in one unpatented mining claim located in the Martin Lake area. The earn-in consideration is $20,000 over 3 years plus 50,000 common shares of Sage plus work expenditures.

Clist Lake: Sage has entered into an option agreement to earn an undivided one hundred percent (100%) interest in one unpatented mining claim located in the Clist Lake area. The earn-in consideration is $40,000 over 3 years plus 100,000 common shares of Sage plus work expenditures.

Pauloski: Sage has entered into an option agreement to earn an undivided one hundred percent (100%) interest in 3 unpatented mining claims, located in the Coughlan Lake area. The earn-in consideration is $37,500 over 2 years plus $12,000-worth of common shares of Sage.

Missing Link Extension: Sage has entered into an option agreement to earn an undivided one hundred percent (100%) interest in 2 unpatented mining claims located in the Lapierre Lake area. The earn-in consideration is $37,500 over 2 years plus $12,000-worth of common shares of Sage.

South Rickaby: Sage has purchased and undivided one hundred percent (100%) interest in one claim for a consideration of 75,000 shares of Sage.

To summarize, Sage will pay $71,000 in cash and issue an aggregate of 659,000 shares as the initial payment for the acquisition of strategic properties.

The issue of shares under the above mentioned option and purchase agreements by Sage Gold Inc. is subject to the approval of the TSX Venture Exchange.

SAGE is a mineral exploration and development company which has interests in exploration properties in Ontario and Arizona. Its main properties are the Jacobus, Paint Lake, Solomon Pillars and Onaman properties in the Beardmore-Geraldton Gold camp in Ontario. Technical reports relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.

For all Sage Gold Inc. investor relations needs, investors are asked to visit the Sage Gold Inc. IR Hub at http://www.agoracom.com/IR/sagegold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to sgx@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

Some statements 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.

"Neither the 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."

Contacts:
Sage Gold Inc.
Nigel Lees
President and C.E.O.
416-204-3170
416-260-2243 (FAX)

Sage Gold Inc.
Mike O'Brien
Manager/Investor Relations
416-204-3170
416-260-2243 (FAX)
www.sagegoldinc.com

SOURCE: Sage Gold Inc.

http://www.sagegoldinc.com

- Royal Crown Showing exposed over a strike length of 50 metres

- Golden Sceptore Showing - visible gold in grab samples - exposed over 70 metres

- Channel sampling has been completed at the Royal Crown Showing and is ongoing at the Golden Sceptore, Amulet and Throne showings

- Drilling to commence by October 1st, 2009

Royal Crown channel sample results reported above were part of a larger, 25 channel sample set covering approximately 25 metres of strike length. Channel samples were taken from various locations within the stratigraphy to characterize the nature and distribution of gold mineralization. Gold anomalism was indicated in all 25 channels samples including the lowest grade sample of 0.21 g Au/T over 1.65 metres. Additional channel results from Royal Crown are pending; average channel sample lengths were one metre.

Geological mapping of the King Solomon's Pillars property has been underway since June. To date, a number of observations have been drawn:

- The King Solomon's Pillars property is situated in the northern part of the Southern Sedimentary Unit; one of three metasedimentary panels that combined with three intercalated metavolcanic units constitute the Beardmore Geraldton Belt. Numerous gold mines and prospects are known in this belt including the Leitch mine which historically produced 848,000 oz of gold with an average grade of 0.92 oz/ton, Sand River and the formerly producing King Solomon's Pillars mine located east of the property. The Southern Sedimentary Unit also hosted the MacLeod - Cockshutt mine in Geraldton which historically produced 1.476 Moz of gold with an average grade of 0.14 oz/ton. - Gold is intimately associated with arsenopyrite and pyrite. Gold is associated with: a)silica-chlorite-sericite-carbonate altered pyrite-arsenopyrite bearing sheared arkosic sandstones; b) arsenopyrite bearing quartz-ankerite-hematite veins; and 3) sulphide (pyrite-arsenopyrite) replaced oxide facies (magnetite-hematite-jasper) banded iron formation, proximal to quartz veins..

- Gold mineralized shear zones are spatially associated with the banded iron formation units. The shear zones are D3 in age, reactivating S2 fabrics within D3 fold hinges.

- The primary feature on the property is a regional-scale F2 synform recognized on the basis of younging directions. The F2 fold axis largely dips steeply to the south, however, D3 deformation has partially disturbed its orientation. Geological mapping has shown that this structure closes toward the eastern boundary of the claims, proximal to the Strathcona shaft.

Sage's current model for the King Solomon's Pillars property is similar to that of the Geraldton area. That is, shallowly plunging ore shoots related to the preferential reorientation of pre-existing D2 structures by D3.

Technical Information

Sage's channel samples are between 3 and 4 cm wide and are cut with a motorized diamond saw to a depth of approximately 5 cm. The channels are cut as close to perpendicular to the strike of the vein as permitted by the rock surface. Samples are taken from the footwall, the vein and the hanging wall. Sample intervals are chosen to provide a representative sample of the surface mineralization of the vein and the wall rock. Assays reported in this news release were completed by Accurassay Labs in Thunder Bay. Accurassay's gold analysis is performed using a 30g fire assay charge. The fire assay procedure uses lead collection with a silver inquart. The beads are then digested and an atomic absorption or ICP finish is used. All gold assays that are greater than 10 g/t are re-assayed by fire assay with a gravimetric finish.

The technical content of this news release relating to the King Solomon's Pillars project has been reviewed by Sage's consulting Geologist Robert B. L'Heureux, M.Sc., P.Geol., of APEX Geoscience Ltd., who is a qualified person as defined by NI 43-101. SAGE is a mineral exploration and development company which has interests in exploration properties in Ontario, Nevada and Arizona. Its main properties are the Jacobus, Paint Lake, King Solomon's Pillars and Onaman properties in the Beardmore Geraldton Gold camp in Ontario. Technical reports relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.

For all Sage Gold Inc. investor relations needs, investors are asked to visit the Sage Gold Inc. IR Hub at http://www.agoracom.com/IR/sagegold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to sgx@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

This release was prepared by management of the Company who takes full responsibility for its contents.

Some statements 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.

SOURCE: Sage Gold Inc.

Sage Gold Inc.
Nigel Lees
President and C.E.O.
(416) 204-3170
(416) 260-2243 (FAX)
Sage Gold Inc.
Mike O'Brien
Manager/Investor Relations
(416) 204-3170
(416) 260-2243 (FAX)
www.sagegoldinc.com

- Completed first phase of drilling on Golden Extension - further drilling in 2009

- Commenced drilling on Paint Lake - ongoing trenching and sampling

- Drilling to commence on Solomon Pillars

1) Golden Extension - Sage has drilled 17 holes on the Golden Extension vein system totaling 1068 metres. The initial drill program was designed to test near surface targets related to surface channel results. Further drilling is planned for the Fall to test both near surface and deeper mineralization. Sage continues to expose new veins in the immediate area of the Golden Extension with assays expected on additional channel samples. Prospecting crews have been deployed throughout the property and are sampling vein structures both within the Elmhirst intrusion and into the surrounding volcanics.

Selected highlights to date include:
                From (m)   To (m)   g/t Au            M
                                                  Drill
                                              indicated
                                                  width
09GE007a           8.34     9.10      9.54         0.76
incl               8.64     9.10      14.9         0.46
09GE007b          13.81    15.08      1.49         1.27
incl              13.81    14.11      5.38          0.3
09GE008a          10.10    10.80      1.06          0.7
09GE008b          17.58    17.90      2.42         0.32
09GE011            6.68     7.07      4.01         0.39
09GE012           11.30    11.80      1.05          0.5
09GE015           58.41    58.71      2.59          0.3
- All values reported are metallic screen fire assays
Holes 7a, 7b, 8a and 8b were drilled on different locations
on Vein 1. Holes 11 and 12 were drilled on Vein 4.

Sage has completed detailed geological mapping of the eastern side of the property and has identified two corridors of deformation/shearing and mylonitization hosting extensive vein systems. The corridors are defined by a magmatically related magnetic-high within ferrodiorite, with mineralized zones related to 'relative' magnetic-low features, presumably related to demagnetization of ferrodiorite during deformation /shearing /mylonitization. The northern NW structural corridors hosts the Golden Extension vein system where gold has been panned, observed and/or assayed in Trenches 1, 2b, 3b (newest discovery), 4 and 9-10. Vein 3b yielded a recent grab sample of 27.61 g Au/T. The southern NW corridor comprises demagnetized ferrodiorite, including many smaller shear zones with intense quartz veining. Similar to the northern corridor, demagnetization is presumably related to shearing, mylonitization and alteration. The southern corridor is being actively prospected with the aim of discovering more gold bearing vein systems similar to those in the northern NW corridor. Refer to www.sagegoldinc.com for a detailed geological map illustrating the northern and southern structural corridors.

Sage Gold President and CEO, Nigel Lees stated; "We have greatly accelerated our exploration program on our three primary gold properties; Golden Extension, Paint Lake and King Solomon Pillars. The gold mineralization at the Golden Extension occurs as coarse gold grains. Therefore, the results of surface sampling and drilling will be highly variable and our exploration program is oriented to intensive surface sampling and highly targeted drilling. We are planning to acquire additional properties in the BGG to augment our extensive land position".

Technical Information

Assays from drill core reported in this news release were completed by the ALS Chemex Laboratory in Thunder Bay, ON. Drill assays reported above were analyzed using a metallic screen fire assay comprising a fire assay analysis of the plus and minus 100 micron sieved fractions. This process is considered to produce a more accurate evaluation of total gold content in coarse gold systems such as seen in the BGG. These analyses are combined and a total gold content calculated. The fire assay procedure uses lead collection with a silver inquart. The beads are then digested and an atomic absorption finish is used.

The technical content of this news release relating to the Jacobus/Golden Extension project has been reviewed by Sage's consulting geologist Robert B. L'Heureux, M.Sc., P.Geol., of APEX Geoscience Ltd., who is a qualified person as defined by NI 43-101.

SAGE is a mineral exploration and development company which has interests in exploration properties in Ontario, Nevada and Arizona. Its main properties are the Jacobus, Paint Lake, Solomon Pillars and Onaman properties in the Beardmore Geraldton Gold camp and the Kerrs property in Ontario. Technical reports relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.

For all Sage Gold Inc. investor relations needs, investors are asked to visit the Sage Gold Inc. IR Hub at http://www.agoracom.com/IR/sagegold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to sgx@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

This release was prepared by management of the Company who takes full responsibility for its contents. Some statements 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contacts:
Sage Gold Inc.
Nigel Lees
President and C.E.O.
416-204-3170
416-260-2243 (FAX)

Sage Gold Inc.
Mike O'Brien
Manager/Investor Relations
416-204-3170
416-260-2243 (FAX)

SOURCE: Sage Gold Inc.

Drill Indicated Widths (true widths unknown)

Sage has drilled nine holes to date for a total of 1711 metres. Assays are pending on several holes and all assays received can be found on our corporate website at www.sagegoldinc.com. Trenching and surface channel sampling continues on the Paint Lake property.

Recent channel results listed below show high grade silver mineralization in addition to the gold and copper content.

-----------------------------------------------------------------------
-----
Channel                                                 Au       Ag      Cu
Number                   Area    Channel Width (m)    (g/t)    (g/t)     (%)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Ch. 102      Vein 4 Extension                 0.5     3.45
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Ch. 103      Vein 4 Extension                 1.4     14.3   149.45    1.36
                    including                0.45    32.25   347.09     2.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Ch. 104      Vein 4 Extension                1.16    12.86   147.73    0.81
                    including                 0.6    24.72   285.61    1.57
----------------------------------------------------------------------------

The Paint Lake Property is situated along a 500 m wide structural break which separates the Beardmore-Geraldton Belt in the south from the Onaman-Tashota Belt in the north. This structural break hosts Ontex Resources Ltd's Brookbank Deposit, approximately 3.5 km west of Sage's Paint Lake property. Gold mineralization occurs as high-grade quartz, Fe-carbonate and pyrite veins and silica-sulphide flooded zones that tend to occur toward volcanic flow contacts. The veins are largely controlled by the east-northeast trending Paint Lake shear corridor. Northwest trending dextral shear kinks also host auriferous quartz veins - an important discovery as they have never been noted in the historical data. These later northwest trending structures may prove to be an important gold bearing site as suggested by Kodiak's Golden Mile and Sage's Golden Extension.

Ongoing 1:2500 (regional) and 1:100 (stripping) scale mapping, ground geophysics and soil sampling is intended to reveal new targets for drilling later in the season.

Technical Information

Assays from drill core reported in this news release were completed by the ALS Chemex Laboratory in Thunder Bay, ON. Drill assays reported above were analyzed using a 30g fire assay charge with an AA finish. The fire assay procedure uses lead collection with a silver inquart. The beads are then digested and an atomic absorption finish is used. All samples with visible gold are assayed using a metallic screen procedure.

Sage's channel samples are between 3 and 4 cm wide and are cut with a motorized diamond saw to a depth of approximately 5 cm. The channels are cut as close to perpendicular to the strike of the vein as permitted by the rock surface. Samples are taken from the footwall, the vein and the hanging wall. Sample intervals are chosen to provide a representative sample of the surface mineralization of the vein and the wall rock. Assays reported in this news release were completed by Accurassay Labs in Thunder Bay. Accurassay's gold analysis is performed using a 30g fire assay charge. The fire assay procedure uses lead collection with a silver inquart. The beads are then digested and an atomic absorption or ICP finish is used.

Paint Lake channel sample results reported above were taken over 3.2 metres of strike length and represent all channel samples from the Vein 4 extension trench. The widths reported are the total widths sampled in the given channels.

The technical content of this news release has been reviewed by Sage's consulting geologist Robert B. L'Heureux, M.Sc., P.Geol., of APEX Geoscience Ltd., who is a qualified person as defined by NI 43-101.

SAGE is a mineral exploration and development company which has interests in exploration properties in Ontario, Nevada and Arizona. Its main properties are the Jacobus, Paint Lake, Solomon Pillars and Onaman properties in the Beardmore- Geraldton Gold camp in Ontario. Technical reports relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.

For all Sage Gold Inc. investor relations needs, investors are asked to visit the Sage Gold Inc. IR Hub at http://www.agoracom.com/IR/sagegold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to sgx@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

This release was prepared by management of the Company who takes full responsibility for its contents.

Some statements 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contacts:
Sage Gold Inc.
Nigel Lees
President and C.E.O
416-204-3170

Sage Gold Inc.
Mike O'Brien
Manager/Investor Relations
416-204-3170
416-260-2243 (FAX)
www.sagegoldinc.com

SOURCE: Sage Gold Inc.

http://www.sagegoldinc.com